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.
- Price:
- $58,000,000
- Acreage:
- 331.00
- Listing ID #:
- 22-139
- Street Address:
- 698 E Mountain Dr
- City:
- Santa Barbara
- State:
- California
- Postal Code:
- 93103
- County:
- Santa Barbara
- Community:
- Montecito
- Listing Status:
- Active
- Listing Type:
- Residential/SFR-LandDevelopedVacant
- Miscellaneous Features:
- Buildable
- View:
- City, Mountain(s), Ocean, Panoramic
- Lot Description:
- Combo, Foothills, Hilly, Level, Mountain, Steep
- Days On Market:
- 500
- Terms:
- Cash, Ctnl
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Coldwell Banker Realty
