Every property tells a story — this week, we’re highlighting the highest and lowest sales from the past two weeks.
HIGHEST SALE – $65M
The Sanctuary on Loon Point – 2779/77/73 Padaro Lane
- 12+ oceanfront acres across three parcels.
- 5-bedroom, 11-bathroom main residence completed in 2018.
- The lots were purchased in 2007 and have been developed over the past 16+ years.
- On and off the market for several years before selling.
- Part of a larger collection, with Ellen DeGeneres buying and selling two parcels for $100M earlier this year.
- This marks the second highest sale of 2024 in Santa Barbara County.
- Highlights the challenges of recouping investments in ultra-high-end developments.
- Reinforces Padaro Lane as a world-class destination for exclusive beachfront estates.
LOWEST SALE – $3.24M
871 Summit Road
- Sold off-market as a true fixer in Montecito.
- 2.13-acre lot with a 1941 cottage in near-original condition.
- Access challenges include crossing a creek via a bridge.
- Located outside the school district, which contributed to the lower price.
- Great views!
- A unique opportunity and great potential for a buyer with a vision to transform the property.
From luxury estates to hidden opportunities, every sale tells a story.
What Happened in Montecito Last Week?
November 17th – November 23rd
2 New Listings
3 Closed Sales
3 Pending Sales
weekly spotlight
1803 Fernald Point Lane | Montecito | $34,500,000
Provencal Style on the Pacific – Enveloped by the ocean’s timeless beauty, this exquisite Montecito villa blends the charm of Provencal design with the breathtaking allure of the California coastline. Located on the coveted and private Fernald Point, this five-bedroom, six-bath residence offers a refined sanctuary where sophistication meets the relaxed elegance of beachfront living. A complete renovation has transformed this property into a masterpiece, capturing the essence of coastal luxury while maintaining a harmonious connection with nature.
