698 E Mountain Dr Santa Barbara, CA 93103
Listing Courtesy of: SANTA BARBARA IDX / Montecito / Christopher "Chris" Harrington
$58,000,000
331
ACRES
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  698 E Mountain Dr Santa Barbara, CA 93103

Active (385 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
Map View | Street View
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 17, 2023
Price Changed
$58,000,000
-15%
-10,000,000
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
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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.
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The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act.