By Kevin Schmidtchen
such as where are the most famous homes located and/or what is the most expensive home to sell this year
or any year for that matter. Many times though it is as “simple” as what is the true definition of luxury real
estate here in the Montecito area. The answer is that there is no exact definition of luxury real estate and
this varies greatly depending on the circumstances, whom you talk to, location in our town etc. But in order
to provide some statistics, I am going to break it down with price being the simple parameter. When speaking
about Montecito, the luxury market is generally referred to as anything above $5 Million.
– Thus for our purposes here, I am going to refer to the luxury market here in Montecito as any sale over the
$5 million mark.
During the first 8 months of 2009, there were a total of 16 closed sales of luxury single family homes here in
the Montecito area. As of Sept 15th, 2009, there was only 1 property in this luxury market that was pending
sale (under contract).
The highest sale within this luxury market was a majestic French Country estate located on 7 plus acres of
stunning grounds, including 2 guest homes, the highest quality craftsmanship, lofty beamed ceilings, a
gourmet kitchen, a pool, and much more. The property was located on Rockbridge Road, Montecito CA.,
93108 and sold for $25,279,000.
The 15 other sales of luxury property in Montecito so far this year were:
•815 Cima del Mundo, Montecito CA., 93108, sold for $18,500,000. Newly constructed luxury estate located
on roughly five acres, Don Nulty design, 12000+ sqft with huge ocean, harbor, mountain views, a pool, a pool
cabana, a tennis court as well as a two bedroom guest house. An amazing estate property....MORE
such as where are the most famous homes located and/or what is the most expensive home to sell this year
or any year for that matter. Many times though it is as “simple” as what is the true definition of luxury real
estate here in the Montecito area. The answer is that there is no exact definition of luxury real estate and
this varies greatly depending on the circumstances, whom you talk to, location in our town etc. But in order
to provide some statistics, I am going to break it down with price being the simple parameter. When speaking
about Montecito, the luxury market is generally referred to as anything above $5 Million.
– Thus for our purposes here, I am going to refer to the luxury market here in Montecito as any sale over the
$5 million mark.
During the first 8 months of 2009, there were a total of 16 closed sales of luxury single family homes here in
the Montecito area. As of Sept 15th, 2009, there was only 1 property in this luxury market that was pending
sale (under contract).
The highest sale within this luxury market was a majestic French Country estate located on 7 plus acres of
stunning grounds, including 2 guest homes, the highest quality craftsmanship, lofty beamed ceilings, a
gourmet kitchen, a pool, and much more. The property was located on Rockbridge Road, Montecito CA.,
93108 and sold for $25,279,000.
The 15 other sales of luxury property in Montecito so far this year were:
•815 Cima del Mundo, Montecito CA., 93108, sold for $18,500,000. Newly constructed luxury estate located
on roughly five acres, Don Nulty design, 12000+ sqft with huge ocean, harbor, mountain views, a pool, a pool
cabana, a tennis court as well as a two bedroom guest house. An amazing estate property....MORE
| Montecito CA. Luxury Real Estate Sales – Statistics Santa Barbara Real Estate Voice | September 15, 2009 |
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