One of the most unique properties in Montecito has just come on the market for an astounding price of $125 million! Far from being an astronomical price, this listing could represent a real value for an astute (and well-heeled) buyer.
Perhaps the most compelling trait of this property are the 237 acres of land it is situated on. While ranches of this size may be more common between Goleta and Gaviota, as well as in the Santa Ynez Valley, only two other properties of this size have been sold within Montecito in the last 20 years. But neither of those had the facilities and improvements that this exclusive property boasts.
Built in 1931 by the noted architect Reginald Davis Johnson, the primary residence is a Monterey Colonial style home of over 29,000 square feet. Johnson designed many other notable buildings in the area, including the main branch of the Santa Barbara Post Office (831 Anacapa St), Cate School and Huguette Clark’s estate, Bellosguardo, across from the Bird Refuge which bears her sister’s name. Created around a central courtyard, the two story home provides ocean and mountain views while keeping the living space and bedrooms in different wings, for separation. The rooms are lavishly decorated and richly appointed in wood, stone and plaster. This one of a kind home also includes an English whiskey pub and a badminton court! Overall, the main home features more than 30 rooms.
Elsewhere on the property, extensive equestrian facilities add further value to the estate. An impressive round stable, covered riding ring, numerous corrals and more offer world-class boarding opportunities. Additionally, another 10 residential cottages are positioned around the acreage.
If you are interested in more information on this property, or other luxury properties for sale in the Montecito area, contact Daniel Zia of the The Zia Group, by email or phone at 805.456.3635.