Montecito Sells Above Asking After Being on Market A Year+ The Montecito luxury real estate market is red hot! A stunning 5 acre Montecito Estate was listed for sale about a year and a half ago at $22 million. It was listed for $3.5 million more than the owner paid about 2 years earlier. It was listed for sale at $22 million for about a year and a half and then the Montecito real estate market took off. This beautiful Montecito Estate of about 12,ooo square feet also offered a pool, a pool cabana, a tennis court and guest house. It just closed escrow at $23.5 million – 107% of the asking price. To view homes matching your specific needs click SEARCH MONTECITO HOMES FOR SALE. Click DREAM HOME FINDER to receive new listings and recent price reductions matching your specific needs by email. For personalized attention, call Wendy Gragg at 805.45 3.3371 or email WGragg@DistinctiveRealEstateOnline.com
