888 Lilac Drive, Montecito, CA 93108, Montecito, 93108 - 6 bed, 10 bath
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Montecito, CA 93108
Analysis of 888 Lilac Drive, Montecito, CA 93108 is currently available with a list price of $29,995,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Built in 2006, this ultra-luxury estate falls within the 10-20 year age bracket defined for a 'Good' condition score. The property is move-in ready and exceptionally well-maintained, featuring high-end amenities such as a theater, gym, and sophisticated sustainable systems (solar, greywater, private well). While the design is iconic and the grounds are pristine, it does not meet the 'Excellent' criteria of being built within the last 10 years or having a documented full renovation within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 90605, living area = 13599.
The estate features sophisticated off-grid capabilities including solar power, a private well, and a greywater irrigation system, offering rare self-sufficiency and environmental consciousness in the ultra-luxury segment.
With a theater, gym, bar, game room, and guest house, the property is masterfully designed to accommodate both intimate living and large-scale events for over 200 guests.
The extensive 13,599-square-foot residence and its specialized sustainable systems require significant ongoing management and high maintenance costs.
The specific 'sustainable sensibility' features, such as chicken coops and organic orchards, combined with a nearly $30M price point, target a very specific lifestyle buyer which may limit the pool of interested parties.
Vast ocean views, flat grounds, luxe amenities, & incredible design coalesce at this iconic Montecito property. Flexible spaces both inside and out make this an intimate home for 2 yet can easily accommodate crowds of over 200. Public spaces blend seamlessly and open to the view and lush grounds beyond. A main level primary suite offers a restful way to begin and end each day while 5 addt'l bd suite are perfect for loved ones. Gym, theater, bar, game room, pool, guest house & 5-car garage allow you to savor all of life's moments. Living off the grid has never been more chic. Solar, a generator, greywater irrigation system, private well, organic vegetable bed & citrus orchards, chicken coops, and secret gardens define sustainable sensibility and offer an unparalleled piece of paradise.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 92% |
| Baths | 10.0 | 4.0 | 99% |
| Square foot | 13,599 | 3,601 | 99% |
| Lot Size | 90,605 | 40,293.1 | 91% |
| Price | $30.00M | $5.31M | 99% |
| Price per sq ft | $2.2K | $1.7K | 75% |
| Built year | 2006 | 1981 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 730 | 239 | 84% |
Apr 22, 2024
$29,995,000
Initial Listing