
Montecito, CA 93108
Analysis of 771 Garden Lane, Montecito, CA 93108 reveals a Fairly Priced Property with a current list price of $36,500,000 aligned with the estimated $36,500,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Montecito Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 771 Garden Lane Subject | $36,500,000* List Price | 7 | 13 | 11,170 | $3,268 | - |
A 1196 E Mountain Drive Active | $29,995,000 List Price | 6 | 11 | 10,851 | $2,764 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1999, the listing explicitly states the property has been 'masterfully restored and newly expanded' by a renowned luxury builder, setting a 'new benchmark for upscale living.' The images confirm this, showcasing a property where all components appear new or virtually new. The kitchen features high-end, professional-grade appliances (e.g., La Cornue style ranges), marble countertops, custom cabinetry, and stylish tile work, all in immaculate condition. The bathrooms, particularly the master, are opulent with luxurious fixtures, materials, and design, indicating a very recent and high-quality renovation. Flooring, light fixtures, and overall finishes throughout the home are modern, pristine, and meet current luxury standards, with no visible signs of wear or deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 242193, living area = 11170.
Situated in Montecito's highly coveted Riven Rock, offering unparalleled exclusivity and prestige.
Spanning approximately 16,668 sq ft (per description) on 5.5 acres, featuring 7 opulent suites and 13 baths, meticulously restored and expanded.
The $36.5 million list price targets an extremely niche market, potentially leading to a longer sales cycle.
A notable difference exists between the described 16,668 sq ft and the listed 11,170 sq ft, requiring immediate clarification for prospective buyers.
The sheer scale and extensive amenities of the property imply substantial ongoing maintenance, staffing, and utility expenses.
Escape to unparalleled luxury and timeless elegance in the heart of Montecito's coveted Riven Rock. Set on approximately 5.5 acres of breathtaking view grounds, this extraordinary estate blends old-world grandeur with modern sophistication, offering an unrivaled sanctuary for the most discerning buyers. A cobblestone motor court welcomes you to a masterfully restored and newly expanded English Country masterpiece by renowned luxury builder Van Acker Construction. Spanning approximately 16,668 square feet, the residence sets a new benchmark for upscale living with seven opulent bedroom suites, 13 bathrooms, and exquisite architectural details throughout. Designed for grand-scale entertaining and intimate retreats alike, the estate boasts so many amenities listed below: - A subterranean 8-car auto gallery and 2-bay chauffeur's garage with private offices for security and staff. - Two separate one-bedroom guest houses, ensuring ultimate privacy for visitors. - Resort-level amenities, including a gym, playroom, sparkling pool, and an elegant poolside cabana. - A world-class secondary culinary arts kitchen, rivaling the finest Michelin-starred restaurants. - A primary suite beyond compare, featuring a 1,220 sq. ft. attic-turned-closet for an unparalleled dressing experience. - Lush lawns, citrus orchards, verdant gardens, and picturesque pathways complete this once-in-a-lifetime offering. This is not just a home--it is a statement, a legacy, a dream realized.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 6.0 |
| Baths | 13.0 | 9.0 |
| Square foot | 11,170 | 8,292 |
| Lot Size | 242,193.594 | 98,010 |
| Price | $36.50M | $7.20M |
| Price per sq ft | $3.3K | $868 |
| Built year | 1999 | 2009 |
| HOA | $0 | $0 |
| Days on market | 559 | 119 |
Feb 27, 2025
$36,500,000
Initial Listing