698 E Mountain Dr

Santa Barbara, CA, 93103

$68,000,000

$68,000,000
Active
Active
 - For Sale
property_type
Land
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® ID:
22-139
Listed:
1/17/22
Updated:
10/7/22
Coldwell Banker
Proper Real Estate Group

Exterior/Building Features

Lot Size
331.0 acres lot
Architectural Style
Other Style

Other Property Details

Garage
No
Parking
N
View
N
County
SANTA BARBARA
Pool
No

Property History

Date
Event
Price
Value
9/23/22
Active
-
-
9/23/22
Price Change
$68,000,000
20801%
9/13/22
Sold
-
-
9/13/22
Price Change
$326,900
-99%
8/17/22
Active
-
-
8/17/22
Price Change
$68,000,000
20801%
8/8/22
Pending
-
-
7/29/22
Price Change
$326,900
-18%
7/7/22
Price Change
$399,900
-99%
6/21/22
Price Change
$68,000,000
-12%
5/31/22
Price Change
$78,000,000
19504%
5/31/22
Price Change
$399,900
-99%
5/27/22
Price Change
$78,000,000
19504%
5/25/22
Price Change
$399,900
-99%
5/23/22
Price Change
$78,000,000
19504%
5/13/22
Price Change
$399,900
-99%
3/31/22
Price Change
$78,000,000
19504%
3/27/22
Price Change
$399,900
-99%
2/14/22
Price Change
$78,000,000
19504%
2/8/22
Price Change
$399,900
-99%
2/3/22
Price Change
$78,000,000
19504%
2/1/22
Price Change
$399,900
-99%

Courtesy of Christopher Harrington

Based on information from DASH - Coldwell Banker (CB) as of 10/7/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2022 DASH - Coldwell Banker (CB). All rights reserved. 

Data last updated 10:42 PM UTC, 10/7/22

Coldwell Banker
Proper Real Estate Group
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