In Montecito, the entry-level home prices range from about $1,000,000 to $2,000,000 for what is most often a 2 or 3 bedroom home on a smaller lot (1/4 acre or less) with about 1,500 to 2,000 square feet of living space. For those looking for a larger lot or more bedrooms and square footage in Montecito, one must start looking in the $2,000,000+ range. This price range, (while keeping expectations short of mansion status), can often offer buyers a home of 3,000 square feet or more in good condition in a great area for $2 to $3,000,000.
This $2 to $3,000,000 price range currently includes a wide variety of property types in various categories of style, condition and location. As of today (June 20, 2014), there are 31 homes in this price range available for sale in Montecito. I’ve selected 4 properties to review, and made sure each was different enough from the other so as not to compete with one another… which also hopefully can translate to, “If you don’t like this one, maybe you will like that one”.
PARK-LIKE GROUNDS AND PRIVACY ON NICHOLAS LANE – $2,295,000
Located in the Cold Spring School District, this home sits on a landscaped, .84 acre lot and features 4 bedrooms and 3 baths, an office and laundry room in 3200+/- square feet (as advertised). The home is surrounded by landscaped grounds and is very private.
The open living room includes a fireplace and cathedral ceilings. The adjacent formal dining room has built in cabinets, and the kitchen offers a large center island, pantry, Viking appliances and a breakfast area. All of these main rooms have French doors opening to wrap around patios and the expansive backyard.
The Master suite is on the 2nd floor and offers a fireplace, balcony, walk-in closet, and ocean views.
THE CASITA ON MONARCH LANE – $2,500,000
This two-story home on Monarch Lane is located in the rarely available and highly sought after Casitas section of Ennisbrook in Montecito. Located off Sheffield Drive, just up from the beach and tucked away from the freeway, the casitas’ at Ennisbrook are within this guard-gated community that offers common area amenities such as tennis, swimming and a stately clubhouse. The casitas section also has it’s own swimming pool right nearby, in addition to access to the larger facilities at the main compound.
Additionally, homes in the Ennisbrook community are in the Montecito Union School attendance area. This house on Monarch Lane features 3 bedrooms and 3.5 baths in an impressive 3796 square feet (as advertised), and offers a ground floor master bedroom with separate guest quarters upstairs.
ON A PRIVATE LANE ON SUMMERLAND HEIGHTS LANE – $2,595,000
Tucked behind hedges and surrounded by thoughtful drought tolerant gardens, this Montecito country home offers open floor plan living with mountain views. The light filled residence provides generous proportions with 4 bedrooms and 4 bathrooms plus a cozy den in nearly 4,000 square feet of living space (as advertised). Helping to create an indoor/outdoor lifestyle, there are three covered patios, an exterior stone fireplace and barbecue, and meandering walkways and pergola overlooking the private gardens.
There is a formal living and dining room, an inviting family room with a gourmet kitchen, which is the heart of the home. The spacious master suite encompasses the entire second floor. This home is location in the Montecito 93108 zip code but is in the Summerland School attendance area.
HIGHER UP ON HOT SPRINGS ROAD – $2,975,000
This 4 bedroom 3 bath mid century contemporary home is on just over an acre of land on a private lane on upper Hot Springs Road and is advertised as having just under 3,000 square feet of living space. The property is located just below East Mountain Drive and is very close to a number of homes in the $3-$10,000,000+ price range. This single-level home was originally built in 1954 and offers privacy, ocean and mountain views and off street parking for guests.
The living room features vaulted ceilings, and the formal dining room opens to a Jack Warner designed garden room with inspiring floor-to-ceiling windows that offer inviting views of the tiered, landscaped gardens. The home features a recently remodeled kitchen & master bath, and is located in the Montecito Union School attendance area.
For more information on these properties, please feel free to call, text or e-mail us directly:
Sheela Hunt – 805-698-3767, Sheela@villagesite.com
Mark Ashton Hunt – 805-698-2174, Mark@villagesite.com
And for more best buy listings, see our website www.MontecitoBestBuys.com