October Breaks All Records!
2840 Hidden Valley Lane has sold off-market for $75 million, setting a new record for the highest residential sale in Montecito history.
This storied estate has had many notable chapters.
Celebrated interior designer John Saladino named it Villa di Lemma (Villa Dilemma!) and loved it enough to write an entire book about it in 2009. Ellen DeGeneres and Portia de Rossi purchased it in 2013, added two neighboring parcels to create a nearly 17-acre estate, and sold it to Netflix co-CEO Ted Sarandos in 2018 for approximately $50 million.
And it’s not the only jaw-dropping number this fall:
- $75M — 2840 Hidden Valley Lane, off-market.
- $56.1M — 670 Hot Springs Road, on and off the market for 5 years.
- $45M — 120 Montecito Ranch Lane, after years on the market.
- $21.275M — 2937 Padaro Lane, following an auction, after first being listed in 2022 for $109M.
- $18M — 633 Picacho Lane, sold in just eight days.
Five estates. More than $215 million in a matter of weeks.
There's no single playbook at this level.
But if this fall is any indication, records are made to be broken.
What Happened in Montecito Last Week?
October 18 – October 24
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every reason to stay
571 Sand Point Road | Carpinteria | $33,995,000
The open Pacific on one side, a protected coastal estuary on the other. A remarkable oceanfront estate in a setting unlike any other.
Behind the guarded gates of Sand Point, just 33 beachfront homes occupy a narrow ribbon of California coastline, an enclave known for its privacy, natural beauty, and extraordinary sense of seclusion.
At 571 Sand Point Road, architect Paul Gray’s interpretation of the classic New England seaside estate brings East Coast sensibility to one of the most coveted stretches of the California coast.
