Exciting new price! Located in a prime area of town, on one of Montecito's finest streets, this chic and charming home is a private, secluded residence on three acres, allowing for expansion, or new guest quarters. Originally built at the site of a reservoir, the superbly crafted stone courtyard marries the past with the present. The home has been extensively and impeccably renovated and combines both Mediterranean and modern styles. Flooded with an abundance of natural light with French doors from most rooms, the versatile floor plan offers 2 or 3 bedrooms, an office, sitting room, living and dining areas, kitchen, wine storage and 3 bathrooms. The outside entertaining area features a pool, hot tub, fireplace, multiple trellises and seating areas, all enclosed in gorgeous stone walls. Replete with a wine storage room, gated driveway, and a two-car garage. Take full advantage of Montecito's famous indoor-outdoor living in this unique and desirable property, and enjoy the close proximity to the San Ysidro Ranch, Hot Springs hiking trails, Montecito's upper and lower villages, which both feature great restaurants and wonderful boutique shops.