670 Hot Springs Road, MONTECITO, CA 93108, MONTECITO, 93108 - 8 bed, 14 bath
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MONTECITO, CA 93108
This Exquisite Historic Montecito Estate is a Strong Value Opportunity, listed at $65,000,000—positioned well below the $67,800,000 Fair Market Value by 4%. This valuation gap provides $2,800,000 in Instant Equity. Boasting a Condition Rating of 2, the recently restored 1917 residence features a reimagined open-concept kitchen, panoramic ocean and mountain views, and 10.5 acres of storied gardens. This trophy property offers a seamless blend of historical pedigree and modern luxury. It is a peerless sanctuary for Ultra-High-Net-Worth Buyers or Legacy Estate Collectors seeking a move-in-ready masterpiece.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 670 Hot Springs Road Subject | $65,000,000* List Price | 8 | 14 | 13,629 | $4,975 | - |
A 670 Hot Springs Road Active | $60,000,000 List Price | 8 | 13 | 13,629 | $4,402 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1917, the estate has been recently restored and features a brand new, reimagined open-concept kitchen and pristine interiors. The high-end finishes, mint condition of the living spaces, and updated grounds qualify it as a top-tier renovation in move-in condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 457380, living area = 13629.
Designed by Francis T. Underhill with gardens by Lockwood de Forest, this 1917 estate offers unmatched architectural significance and a storied legacy in Montecito.
Spanning over 10.5 acres, the property provides rare scale and privacy with breathtaking, unobstructed views of both the Pacific Ocean and the Santa Ynez Mountains.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =457380, other record lot size in square feet = 453459.
The vast 10.5-acre estate and complex horticultural gardens require significant ongoing capital and a dedicated staff to maintain the property's trophy-level standards.
At a $65 million valuation, the property targets an extremely narrow segment of ultra-high-net-worth buyers, which may lead to a longer-than-average duration on the market.
Far Afield, the recently restored ±10.5 acre ocean and mountain view estate in the heart of Montecito, invites you on an elegant and opulent adventure, inside and out, delighting the senses at every turn. The estate's fabled origins trace back to 1917, with the residence designed by Francis T. Underhill & gardens by Lockwood de Forest. The classic layout carries the spirit of a European salon, creating an anthology of spaces for art, conversation, and a life well lived. All new, reimagined open-concept kitchen, interiors & gardens adds a refined sense of ease and everyday livability. Each section of the garden offers a glimpse into diverse ecosystems and horticultural traditions. With its restored residence, storied grounds, and sweeping views, the result is a trophy property for the ages
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 98% |
| Baths | 14.0 | 5.0 | 98% |
| Square foot | 13,629 | 3,784 | 98% |
| Lot Size | 457,380 | 40,946.398 | 98% |
| Price | $65.00M | $5.30M | 98% |
| Price per sq ft | $4.8K | $1.7K | 98% |
| Built year | 1917 | 1982 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 221 | 2% |
Apr 24, 2026
$65,000,000
Initial Listing