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$70,000,000

Beds
12
Baths
20.0
sq ft
27,000

120 Montecito Ranch Ln, Summerland, CA 93067

120 Montecito Ranch Ln

Summerland, CA 93067

  • 270 days on market
Welcome to The Bella Vista Estate, a world renowned and truly exceptional private equestrian property spanning over 20 acres adjacent to coveted Montecito, CA. Boasting approximately 27,000 square feet of luxurious living space, this estate combines the grandeur of Neoclassical architecture inspired by the elegance of Italian and French 18th century Villa designs. With 12 bedrooms, 25 bathrooms, and an array of interior volume including a grand 34-foot-high formal marble entry framing explosive views of the Pacific Ocean and the Santa Ynez Mountains. This masterpiece includes large-scale living and dining rooms, a gourmet kitchen, breakfast room, family room, office/library, and a 5,000-bottle wine cellar with an adjacent tasting room. Every aspect of functionality and purpose has been meticulously considered while remaining consistent with its geographic setting. Entertainment options are abundant and include amenities such as a 20-seat movie theater, a gym, spa, beauty salon, sports bar, and disco/ballroom accommodating up to 200 guests as well as an Olympic length infinity swimming pool. A separate guest wing and two additional 2 + 1.5 guest houses ensuring ample accommodations for generational holidays. The entire estate possesses a breathtaking setting that's just steps away from the sparkling Pacific coastline and the stunning Santa Ynez Mountain Range. The property also features a regulation size polo field (approximately 10 acres) with an adjacent polo clubhouse and lounge, a pool house, helicopter hangar (w/ two studio lofts + 2 staff kitchens), and a 32-car auto gallery. Majestic grounds include exquisitely landscaped gardens with streams, ponds, and waterfall, a 330-yard driving range, a putting green and sand trap with swing analytics equipment. In addition, historic Monarch Butterfly habitats gently hug two of the estates patio areas. Unparalleled craftsmanship, the finest finishes, and an array of amenities converge to create one of the world's most remarkable private estates.

Details

Property type

Single Family Residence

Lot size

19.78 acres

Price per sq ft

$2,593

Year built

2005

HOA

No

Price History

02/27/2024
CLAW

CLAW #24356083

Listed
$70,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2016

Original loan amount

$16,500,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Carpinteria Valley Farms Ltd

Lender

Fremont Investment & Loan

Loan start date

June 2003

Original loan amount

$25,000,000

Est. remaining balance

Not provided

Interest rate

5.62%

Loan type

Not Provided

Seller

Carpinteria Valley Farms Ltd

Lender

Wells Fargo Home Mtg Inc

Loan start date

March 2001

Original loan amount

$10,000,000

Est. remaining balance

Not provided

Interest rate

7.15%

Loan type

Building or Construction Loan, 2 year

Seller

Carpinteria Valley Farms Ltd

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 12:35 PM

Listing updated: 10/15/2024 at 11:00 PM

Listed by: Aaron Kirman, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24356083

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