$33,500,000

Estimated payment $192,107/month

Total Views 43,283
8 Beds
10 Baths
8,755 Sq Ft
$3,826 Price per Sq Ft

Highlights

  • Ocean View
  • Detached Guest House
  • Cabana
  • Cold Spring Elementary School Rated A
  • Wine Cellar
  • Sauna

About This Home

At Villa Cascina lies an exquisite piece of Montecito's history. Resting on a private lane in a prestigious Montecito neighborhood, this magnificent 1920s resort-like estate underwent an extensive renovation in 2016, ensuring the preservation of its timeless architectural charm while embracing contemporary comforts. Nestled in the iconic Lower Village, this gated, livable estate property showcases breathtaking views of its natural environment and surrounding mountains, while sitting in close proximity to Coast Village Road's famed restaurants and boutiques. Upon entering through the gated main drive, discover three private, sprawling acres of lush gardens, meandering pathways, and beautiful landscaping, all setting the tone for the grandeur that awaits. The 7,299-square-foot main residence features six bedrooms, an office, and six full bathrooms (plus an additional two half-bathrooms), all exquisitely appointed with fine finishes. The main level is welcoming with a bright and open floor plan, highlighted by a marvelous foyer, beamed ceilings, and wood floors. Elegant Moroccan-style archways and steel doors and windows lead to a central courtyard adorned with antique tiles and a grand outdoor fireplace. Enjoy a fully equipped gourmet kitchen, formal dining and living rooms, and a dedicated media room. The generously sized primary suite finishes out the ground floor and is equipped with a luxurious bathroom and grand walk-in closet. Upstairs, four spacious and private en-suite bedrooms await. The lower level houses a sizable wine cellar perfect for the wine aficionado and collector. Amenities abound outside, including a swimmer's pool and cabana, sauna, and a north/south championship tennis court. Multiple additional structures on the three-acre parcel form intentional spaces for all of life's necessities; a separate two-bedroom, one-bath guest house offers privacy and comfort for visitors, a large gym space provides wellness, and a spacious four-car garages provide ample parking. Impeccably landscaped grounds with an ocean view, formal gardens, and romantic courtyards coalesce in an idyllic setting for this exceptional estate that is rooted in Montecito's history yet encompasses all of the modern luxuries. Whether seeking a private sanctuary or an entertainer's paradise, this historic Montecito estate offers a rare opportunity to live in grandeur while also enjoying the allure of the Lower Village.

Listing Agent

Sally Forster Jones

Compass License #00558939 Listed on: 03/31/2025

Compass

Co-Listing Agent

Tomer Fridman

Christie's International Real Estate SoCal License #01750717

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $80,837

Year Built

  • Built in 1923

Lot Details

  • 3.16 Acre Lot
  • Property is zoned 2-E-1

Parking

  • 4 Car Garage
  • Driveway

Property Views

  • Ocean
  • Golf Course
  • Peek-A-Boo
  • Mountain
  • Courtyard

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 8,755 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Sauna
  • Home Gym
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Covered patio or porch
  • Outdoor Fireplace
  • Outdoor Grill

Additional Features

  • Detached Guest House
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 009-091-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$80,837

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8755
  • Lot Acreage: 3.1600
  • Year Built: 1923
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room, Family Room, Exterior, Primary Bedroom
  • Flooring: Hardwood, Stone
  • Bedrooms: 8
  • Fireplaces: 4
  • Full Bathroom: 8
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 10.00
  • Den: 1
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 3826.38

Exterior Features

  • Other Structures: Cabana, GuestHouse
  • Guest House: Detached
  • Pool Description: Heated, In Ground, Private
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Golf Course, Courtyard, Mountains, Ocean, Peek-A-Boo
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Detached, Driveway, Garage Is Detached, Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 009-091-011
  • Lot Size Area: 137649

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $80,837 $7,423,843 $4,271,296 $3,152,547
2022 $78,212 $7,278,279 $4,187,546 $3,090,733
2021 $76,587 $7,135,569 $4,105,438 $3,030,131
2020 $75,321 $7,062,403 $4,063,342 $2,999,061
2019 $73,818 $6,923,925 $3,983,669 $2,940,256
2018 $72,400 $6,788,162 $3,905,558 $2,882,604
2017 $71,103 $6,655,062 $3,828,979 $2,826,083
2016 $69,039 $6,524,571 $3,753,901 $2,770,670
2015 $59,799 $5,629,000 $3,150,000 $2,479,000
2014 $51,658 $4,829,000 $3,150,000 $1,679,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $33,500,000 0.0% $4,590 / Sq Ft
03/09/2025 03/09/25 Price Changed $95,000 -42.4% $13 / Sq Ft
01/11/2025 01/11/25 Price Changed $165,000 +94.1% $23 / Sq Ft
01/06/2025 01/06/25 For Rent $85,000 0.0% --
03/20/2024 03/20/24 Off Market $85,000 -- --
11/01/2023 11/01/23 For Rent $85,000 0.0% --
11/01/2023 11/01/23 Price Changed $85,000 -10.5% $12 / Sq Ft
05/19/2020 05/19/20 Rented -- -- --
05/19/2020 05/19/20 For Rent $95,000 +72.7% --
05/15/2020 05/15/20 Rented -- -- --
04/15/2020 04/15/20 Under Contract -- -- --
04/09/2020 04/09/20 For Rent $55,000 +22.2% --
03/11/2019 03/11/19 Rented $45,000 0.0% --
03/11/2019 03/11/19 For Rent $45,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Equity Title Company
Grant Deed $3,125,000 American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,437,000 New Conventional
Closed $1,500,000 New Conventional
Closed $1,185,000 Adjustable Rate Mortgage/ARM
Closed $250,000 Credit Line Revolving
Closed $1,280,000 Unknown
Closed $1,500,000 Unknown
Previous Owner $2,500,000 Purchase Money Mortgage
Source: Public Records

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Source: The MLS

MLS Number: 25517591

The MLS

APN: 009-091-011