698 E Mountain Dr Santa Barbara, CA 93103
Listing Courtesy of: SANTA BARBARA IDX / Montecito / Christopher "Chris" Harrington
$68,000,000

  698 E Mountain Dr Santa Barbara, CA 93103

Active (317 Days)

Description

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 #:
22-139
Lot Size
331 acres
Type
Land
County
Santa Barbara County
Bathroom Details
School Information
  • Elementary School: Mont Union
  • Middle School: S.b. Jr.
  • High School: S.b. Sr.
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 21, 2022
Price Changed
$68,000,000
-13%
-10,000,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.