1 Olive Mill Ln Montecito, CA 93108

Offered furnished, $35K/mo for year lease, $40K/mo for less than a year, available 7/1/26.
Nestled on a serene 0.53-acre lot along a quiet lane in Lower Montecito, this Mediterranean-style estate offers the perfect blend of luxury, comfort, and resort-style living. Spanning 4,364 square feet, the home features 5 spacious en suite bedrooms and 5.5 bathrooms, including two luxurious primary suites—one upstairs and one downstairs—each outfitted with Cal King beds. The remaining three bedrooms each offer queen beds and private baths, ensuring comfort and privacy for family and guests alike.
Timeless architectural charm defines the interiors, with a classic tile roof, vaulted beamed ceilings, rich wood flooring, and a light-filled living room that opens to a lush, park-like garden. The elegant dining room includes a wet bar, while the expansive family room with fireplace flows seamlessly into an open-concept kitchen-ideal for both everyday living and entertaining.

Outside, the beautifully landscaped grounds create a private retreat, complete with a sparkling pool, outdoor TV lounge, basketball area, multiple patios and decks, and a variety of fruit trees. A 2-car carport and additional parking for four vehicles offer ample convenience.

Located just moments from Montecito's charming shops, cafes, and world-renowned beaches, this exceptional estate presents a rare opportunity to lease a walkable and highly sought-after property in one of Santa Barbara's most desirable neighborhoods. MUS school attendance area!