Montecito under $2 Million

It often surprises people when I tell them they can purchase a single-family home, on a good-sized lot, with amenities and upside potential, for under (and often well under) $2,000,000 in Montecito. 

In this price range, one is not likely to find a home with big ocean views or a done home on a large lot. However, finding a comfortable home on a nice street with privacy and/or views, or a project property on a larger lot, is within the grasp of those who are looking. 

This price range, under $2,000,000, accounted for more than 1/3^rd of all sales in Montecito over the past year. This may seem a surprising statistic in a town known for glamorous mansions, sprawling estates, and beach-front trophy properties. 

As an update on sales in the area, so far just five homes have closed escrow in the first 23 days of September in Montecito, and two of them were “off market” sales. This number is well off the average of 20 properties selling per month.

The following properties include technically move-in ready homes, and project (adding value through improvement) properties in all areas of Montecito. 

1850 Eucalyptus Hill Road: $1,495,000

Here is a 3-bedroom, 3-bathroom, single-level home on park-like grounds with lush gardens, fruit trees, footpaths, and a foot bridge over a small creek, all of which can be enjoyed from the redwood deck that traverses the back of the home. 

The inviting, open floor plan with rich oak wood prefinished floors, is blessed with light throughout the home, through floor-to-ceiling sliding glass doors and windows that overlook the gardens. 

The home is enhanced by plantation shutters and air conditioning. This listing is located close to town and is in the Cleveland School District.

715 Circle Drive: $1,599,000

This 3-bedroom-plus-den, 3-bathroom home is located on a 19,000+ square foot lot within the Cold Spring School District and offers panoramic hillside, canyon, and mountain views. The west-facing walls of glass offer views from the open living room, dining area, kitchen, “reading nook,” and master bedroom (all with vaulted ceilings), looking beyond the backyard to the sunset views. 

One wing in the home offers a 2-room suite with bathroom. Central A/C was also added to the home in recent years. Chiseled Versailles Travertine flooring was placed in the kitchen, hallway, two of the bathrooms, the office and laundry area. Tumbled limestone subway tile enhances the kitchen backsplash and Bianca Veneto Italian Carrera marble was used in the flooring, countertop, and around the tub in the master bathroom.

2251 Camino Del Rosario: $1,995,000

The single-level home offers 4 bedrooms, 2.5 bathrooms, and is still in its original 1974 condition for those lovers of the architectural style. The floorplan works well with living room, dining room, and kitchen on one side of the home, and the bedrooms and laundry room on the other. 

The nearly one-acre lot boasts mountain views, some ocean/island views, and dozens of avocado and fruit trees on a quiet country lane within the Montecito Union School District. There is a 2-car garage and parking for guests on this quiet lane.

693 Toro Canyon Road: $1,995,000

This is a good opportunity to own a mid-century modern residence on a quiet, 1.15-acre lot with a private, gated entrance. Living here, with floor-to-ceiling glass walls in almost every room, means nature lives with you inside an open interior of nearly 3,000 sq ft. 

Additionally, there is a separate guest suite with full bathroom. Expansive patio areas and south-facing deck extend from many rooms and lead to gardens featuring an ornamental pool with fountain, rose garden, and fruit tree orchard. There is a garage and upper-level sundeck with ocean views.

This home is located on the west side of Toro Canyon, not far up from Highway 192, in the 93108 ZIP code and is within the Carpinteria School District.

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Please feel free to contact me regarding any real estate needs or to set up a showing with the listing agents of any properties featured here – Mark@Villagesite.com or call/text (805) 698-2174. Please view my website, www.MontecitoBestBuys.com, from which this article is based.