$24-Million Showplace Hits The Market On Montecito’s Butterfly Beach

The house at 1150 Channel Drive in Montecito, Calif., is only one of 15 houses on the road, which … [+] overlooks Butterfly Seashore.

Village Properties

Ocean views don’t get a lot better than this. Within the coastal haven of Montecito, Calif., a reimagined showplace on Butterfly Seashore has hit the marketplace for $23.eight million.

The freshly renovated property, listed with the Riskin Crew of Village Properties, is only one of 15 homes positioned on coveted Channel Drive and options greater than 100 toes of south-facing frontage. Set on greater than half an acre, the property takes in panoramic ocean views extending so far as Channel Island.

Tailor-made for Southern California’s truthful climate local weather, the property makes probably the most of its sizable footprint with a sequence of expansive terraces and patios, a rooftop deck and a zero-edge swimming pool. Pocketing partitions of glass create a seamless transition between the indoor and out of doors areas.

The three-bedroom, four-bedroom Montecito home was just lately renovated and enhanced.

Village Properties

A sequence of huge frequent areas create the framework for the house’s open-concept floorplan, on the coronary heart of which is a central front room anchored on one facet by a glowing Onyx wall hearth. A chef’s kitchen, a proper eating room, a media room and an ocean-view workplace are amongst different dwelling areas. The first bed room suite — one in every of three bed room suites on the property — has its personal lounge.

Pocketing doorways open the dwelling areas to terrace house and a zero-edge swimming pool.

Village Properties

Homebuyers have proven no indicators of letting up on Santa Barbara’s housing market throughout the pandemic, notably within the surging luxurious phase.
Within the first two months of 2021, there have been 41 residence gross sales of $5 million or extra totaling roughly $692 million in quantity, in line with INdata Market Reporting and Village Properties. Of these 31 gross sales, 13 transactions have been greater than $eight million. There have been 4 gross sales of $15 million or extra.

Views from the property lengthen so far as the Channel Islands.

Village Properties

As one would possibly anticipate of a scorching housing market, costs are on the rise. In January and February, the median worth in Montecito elevated by greater than 60% year-over-year, with the Santa Barbara median growing by about 30%, in line with native tv affiliate KEYT-TV.

A backlit Onyx hearth attracts the eyes in the lounge.

Village Properties

“Whereas it was already a development pre-COVID, the demand for move-in-ready houses with a present feel and look has risen dramatically,” the Riskin Companions group mentioned in its February market report. “Lately reworked or newer building with the precise look is promoting in a short time, typically earlier than it even hits the market or inside mere hours in the marketplace, and often-times with a number of presents.”

The latest renovation mixed basic Spanish structure with a number of latest particulars.

Village Properties

Village Properties ranked third within the nation in common gross sales worth by quantity in 2020, with a mean of roughly $2.17 million. Total, Village Properties accounted for 840 transactions final yr totalling some $1.82 billion in gross sales.

There are three bed room suites together with a major suite with a lounge.

Village Properties

The pool at night time.

Village Properties

The property encompasses greater than half an acre.

Village Properties

Village Properties is an unique member of Forbes World Properties, a client market and membership community of elite brokerages promoting the world’s most luxurious houses.

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