Courtesy of Chris Harrington, Coldwell Banker Realty

698 E Mountain Drive

SANTA BARBARA, CA, 93103

$58,000,000

$58,000,000
Active
Active
 - For Sale
property_type
Land
Formally known as Mar Y Cel and locally known as the Montecito Tea Gardens. Eighteen legal parcels on over 331 acres make this an unprecedented offering in one of the most sought-after estate locations in Montecito. Originally purchased for its abundance of water; this rare land spans foothills and mountainsides, providing incredible privacy and unparalleled ocean and mountain views from most every parcel. This is a rare opportunity for a buyer wanting either an exclusive family compound, a community of private world-class estates, or a variation of both. All eighteen parcels have certificates of compliance, many of which have lovely building sites and are ready to begin the design and permitting process. A development prospectus is available.
MLS® ID:
22-139
Listed:
1/17/22
Updated:
3/28/23
Village Properties
Grubb Campbell Real Estate
Office: (805) 895-6226Email: grubbcampbell@villagesite.com

School Information

High School
S.B. Sr.
Middle/Jr High
S.B. Jr.
Elementary School
Mont Union

Other Property Details

Area Name
10 - MONTECITO
Garage
No
Parking
N
View
Y
County
Santa Barbara
Pool
No

Property History

Date
Event
Price
Value
6/21/22
Price Change
$68,000,000
-12%
1/17/23
Price Change
$58,000,000
-14%

Courtesy of Coldwell Banker Realty, Chris Harrington,
Listing Contact:  

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Data last updated 2:44 PM UTC, 3/28/23

Village Properties
Grubb Campbell Real Estate
Office: (805) 895-6226Email: grubbcampbell@villagesite.com
Contact