There is a serious divide in the Montecito Real Estate market right now. As many who live and work in the area know, Montecito is basically broken up into Real Estate referred areas based on school districts. There is the Montecito Union School District and the Cold Spring School District. There are also homes in the Montecito 93108 zip code that are in the Cleveland School District (much of Western Montecito) and other homes that are in the Summerland/Carpinteria School District (much of East Montecito).
While recent activity has been brisk in the Montecito Union School District, with numerous homes selling just this last week in their first days on the market (and homes selling off market to private buyers), many well-priced and great homes for sale in other areas are having trouble finding buyers. Some would say it’s the school districts themselves that are the draw, but I am feeling that it is also the fact that buyers are drawn to being close to town… town meaning either the upper or lower villages of Montecito.
Meanwhile, in the outlying areas of East and West Montecito, things have been slower to move. You decide why, but in the end it is creating two situations that I see every day:
- Those looking for a good bargain close to town are priced out of purchases or simply miss the boat as new listings can sell same day or in the first week.
- Homes for sale in East and West Montecito are not moving as quickly and are in fact well priced in many cases, offering buyers great opportunities if they are willing to drive a few minutes to get to stores and shops.
It seems the price of walking to dinner or to get a cup of coffee is going up considerably.
There are a few new listings in Montecito this past week or so that I really like, and all of these are in the Montecito Union School District. While these homes featured are priced at a premium, all offer either close proximity to beach or upper or lower village. My advice, if you are looking for a substantial home close to town is: get them while they are hot.
Santa Rosa Lane – $3,775,000
This home is fresh on the market and offers 5 bedrooms and 5 bathrooms all on one level. This Hedgerow home is on ~1 acre and includes a pool, outdoor barbeque and close proximity to Montecito Union School, Miramar beach and rests just a few long blocks to either the upper or lower villages. Spacious rooms in this lovely home all flow to garden setting. Other features in this new listing include an open kitchen/family room, den/library & play attic. Expansive outdoor entertainment spaces include specimen trees, cut stone garden walls, organic vegetable garden & 3-car garage.
El Bosque Road – $4,925,000
This Spanish-style hacienda home with classic presidio floor plan is located just a few doors down from the San Ysidro Ranch and the lovely Casa De Maria compound. Offering four bedrooms plus a den, there are three suites on the main level, master bedroom upstairs with balcony and mountain views. There is a private, separate 2-level guest/pool house with fireplace and full bath on each level, overlooking the pool, pergola and gardens. This home is located close to the Upper Village of Montecito and offers that classic Spanish / Santa Barbara experience.
East Valley Road – $6,395,000
This French style estate is hidden on a private lane near the Upper Village. Never before on the market and designed by the celebrity architect Robert Shachtman, this elegant villa sits on 1.49 acres boasting nearly 7,000 square feet of living space with five bedrooms with en suite bathrooms and walk-in closets, an additional live-in staff wing, a family recreation room with a full wet bar, a separate office/study, a chef’s kitchen complete with Thermador Professional appliances and butler’s (walk-in storage) pantries, five inviting stone masonry fireplaces, a private well to service the landscaping, a finished 3rd floor attic, and more. The home has been featured in Romantic Homes magazine, and has been used as a location for countless films, movies, commercials, fashion and photo shoots.
East Mountain Drive – $7,950,000
Set on a knoll at the top of Montecito’s Golden Quadrangle with dramatic ocean and island views, this stunning home was designed by Paul Gray of Warner and Gray, with landscaping by Isabelle Greene, both nationally known architects. The immaculate home features 3 bedrooms and 3 baths, plus a 2 room guest quarters. Fabulous ocean views, huge windows and high ceilings are hard to resist. The open floor plan and large entertaining decks take advantage of the sunny, Santa Barbara climate.
Main level has the kitchen, dining, living and master bedroom. An elevator and stairs go to the lower level with two bedrooms, office, wine room and media/ family room. Off the kitchen upstairs over the garage is a 2 room apartment with kitchenette and a private deck. Additional “green” features include solar hot water and electrical and an internationally recognized drought tolerant garden with plants requiring little or no watering and very little maintenance (as advertised).
For more information on these properties or to find another, please feel free to call, text or e-mail me directly – Mark 805-698-2174 Mark@villagesite.com – and for more best buy listings, see my website www.MontecitoBestBuys.com