
Ventura, California 93001
This Historic Storybook Mansion is a High-Potential Investment Opportunity, listed at $2,997,000—positioned well above the $2,549,106 Fair Market Value by -17%. While priced at a premium, the property features an Excellent Condition Rating following a 2014 restoration. With Panoramic Coastal Views, a Carriage House, and a Caretaker's Cottage, the estate offers significant multi-generational living potential. This iconic residence is an ideal acquisition for Legacy-Home Collectors or Owner-Occupants seeking a unique, move-in ready coastal sanctuary with deep historical roots.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 63 Lincoln Drive Subject | $2,997,000* List Price | 5 | 5 | 3,337 | $764 | - |
A 1871 Terrace Drive Sold | $2,200,000 | 4 | 4 | 3,200 | $688 | 0.4 mi |
B 300 N Kalorama Street Active | $2,195,000 List Price | 4 | 4 | 3,118 | $704 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1926, the property underwent a significant restoration and update around 2014. The kitchen features high-end Viking appliances, modern cabinetry, and updated fixtures. The interior shows well-maintained hardwood floors, recessed lighting, and updated bathrooms, placing it within the 5-15 year renovation window for a move-in ready rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17308, living area = 3337.
Known as the 'Storybook Mansion,' this iconic 1926 estate offers unparalleled architectural character and a rich history, including ties to prominent civic figures and a Prohibition-era speakeasy.
The property boasts breathtaking, unobstructed views of the Pacific Ocean, Ventura Harbor, and coastline, complemented by expansive outdoor decks and stone patios designed for coastal living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
As a century-old 'Mansion' with original character, the property likely requires specialized maintenance and potential infrastructure updates to meet modern luxury efficiency and comfort standards.
At a list price of nearly $3.3M for 3,337 square feet, the property commands a significant premium for its history and lot size, which may limit the buyer pool to specific legacy-home collectors.
Ocean Views from - STORY BOOK MANSION Immerse yourself in a rare storybook setting graced by ocean views, coastal breezes, and a legacy that spans generations.Referred to as a 'Mansion' since the 1920s, this remarkable estate has long been woven into the fabric of Ventura's history.Welcome to one of Ventura's truly iconic residences. A home where history, architecture, and lifestyle converge in a way that is nearly impossible to replicate todayOriginally home to prominent and influential figures--including a Vice President of the Bank of Italy (a founding institution of Bank of America), a leading tri-county liquor and cigar distributor, and notable civic leaders--the property quickly became known as a place of gathering, influence, and hospitality.The Lagomarsino family--often described as the 'Kennedys of the West Coast'--brought both prominence and intrigue to the estate. During the era of Prohibition, the property took on a new chapter,.Reportedly hosting a speakeasy and private gatherings that added to its mystique. Over time, the estate evolved with the needs of the era--serving as a boutique lodging destination, housing soldiers during and after World War II, and later operating as a residential care facility.In 2014, the property entered a new chapter under the stewardship of the Mondol family, preserving its character while preparing it for its next legacy owner. Potential Secondary Living & Flex Spaces; Carriage House & Garage Approx. 400 Sq FtIncludes laundry area + 3/4 bath. Dual driveway access (North & South) with gated entry. Caretaker's Cottage (Historic Studio)Approx. 190 Sq Ft. Built in the 1920sBirthplace of Saint Catherine's by the Sea school - Ideal as guest suite, creative studio, or private retreat. Basement / Wine CellarPartially finished cellar with dual access.Additional unfinished utility basement. Grounds & Outdoor LivingA PRIVATE COASTAL SANCTUARYDesigned for both intimate living and large-scale entertaining, the grounds offer multiple distinct environments: South Garden (Ocean View Side) Expansive ocean-facing settingUpper & lower decks + stone patiosMature and young fruit trees including citrus varieties. West Garden Pear, plum, and citrus trees. Private garden pathways and quiet retreat spaces. North Garden & Entertaining Court. 810 Sq Ft of brick and concrete patios. Outdoor fireplace settingBuilt-in utility connections for BBQ areaLifestyle Features, and more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 3,337 | 1,400 | 95% |
| Lot Size | 17,308 | 5,662 | 94% |
| Price | $3.00M | $1.12M | 89% |
| Price per sq ft | $898 | $854 | 62% |
| Built year | 1926 | 1958 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 133 | 11% |
Jun 6, 2026
$2,997,000
$3,299,900
-9% Price Drop
Initial Listing
May 8, 2026
$3,299,900
Initial Listing
Feb 6, 2014
$1,300,000
Public Record