698 E Mountain Drive Santa Barbara, CA 93103
Listing Courtesy of: SANTA BARBARA IDX / Coldwell Banker Realty / Christopher "Chris" Harrington
$50,000,000

  698 E Mountain Drive Santa Barbara, CA 93103

Active (685 Days)

Description

Newly Priced and ready for sale. 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.
Additional Listing Info
  • Buyer Brokerage Commission: 2.00
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 06, 2023
Price Changed
$50,000,000
-14%
-8,000,000
Jan 17, 2023
Price Changed
$58,000,000
-15%
-10,000,000
Jun 21, 2022
Price Changed
$68,000,000
-13%
-10,000,000
Disclaimer: Copyright 2023 Santa Barbara IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/1/23 23:37