1187 coast village rd montecito ca 93108 – Welcome to the extraordinary 1187 Coast Village Rd, Montecito, CA 93108, where opulence and tranquility converge. This architectural masterpiece invites you to immerse yourself in a world of sophistication and timeless elegance.
Nestled amidst lush greenery and breathtaking ocean views, 1187 Coast Village Rd is a sanctuary of peace and privacy. Its grand entrance leads you into a world of exquisite design, where every detail has been meticulously crafted to create a symphony of beauty and comfort.
Property Details
Nestled in the prestigious enclave of Montecito, California, 1187 Coast Village Road is an architectural masterpiece that seamlessly blends classic elegance with modern luxury. This exceptional property boasts a sprawling estate of approximately 2.5 acres, offering breathtaking ocean views, lush gardens, and an unparalleled lifestyle.
The grand residence, designed in the Spanish Colonial Revival style, exudes an aura of timeless sophistication. Its graceful arched windows, intricate wrought-iron detailing, and terracotta roof tiles pay homage to the region’s rich architectural heritage.
Architectural Style and Design
The architectural style of 1187 Coast Village Road is a testament to the enduring legacy of Spanish Colonial Revival architecture. This style, which flourished in California during the early 20th century, draws inspiration from the historic missions and haciendas of Mexico and Spain.
The property’s exterior features a symmetrical facade with a central courtyard, a signature element of Spanish Colonial design. The courtyard, adorned with a bubbling fountain and vibrant bougainvillea, creates a serene and inviting outdoor space.
Inside, the residence is characterized by high ceilings, arched doorways, and an abundance of natural light. The spacious living areas flow seamlessly into one another, creating an open and airy ambiance. The interiors are adorned with elegant moldings, custom millwork, and hand-painted tiles, showcasing the meticulous attention to detail that defines this exceptional property.
Layout and Amenities
1187 Coast Village Road boasts a sprawling layout that encompasses approximately 10,000 square feet of living space. The main residence features six bedrooms, six full bathrooms, and two half bathrooms, providing ample space for both grand entertaining and intimate family living.
The heart of the home is the grand living room, which features a soaring ceiling, a cozy fireplace, and panoramic views of the ocean. The adjacent formal dining room can accommodate large gatherings with ease, while the gourmet kitchen is a chef’s dream, complete with a professional-grade appliance suite and a spacious center island.
The property’s amenities are equally impressive. A private home theater provides the ultimate cinematic experience, while a state-of-the-art fitness center and a luxurious spa offer opportunities for relaxation and rejuvenation.
Outdoor Living
The outdoor living spaces at 1187 Coast Village Road are an extension of the home’s luxurious interior. The expansive grounds feature a sparkling pool, a poolside cabana with a full kitchen, and a championship-sized tennis court.
The property’s lush gardens, designed by renowned landscape architect, create a tranquil oasis. Mature trees, vibrant flower beds, and meandering pathways invite exploration and provide a serene backdrop for al fresco dining and entertaining.
Unique Features
1187 Coast Village Road is not merely a property; it is a legacy. The residence has been meticulously restored and updated to the highest standards, preserving its historical charm while incorporating modern conveniences.
One of the property’s most striking features is its private beach access. A secluded path leads directly to a pristine stretch of sand, where residents can enjoy the tranquility of the Pacific Ocean.
Another unique feature is the property’s extensive art collection. The home is adorned with original works by renowned artists, adding an element of cultural sophistication to the already impressive ambiance.
Location and Neighborhood
1187 Coast Village Road is situated in the affluent neighborhood of Montecito, California, along the breathtaking coastline of Santa Barbara County. This highly sought-after location offers an idyllic blend of coastal serenity and urban convenience.
The property is just steps away from the pristine sands of Butterfly Beach, renowned for its calm waters and stunning views of the Pacific Ocean. A short stroll along the picturesque Coast Village Road leads to an array of charming boutiques, art galleries, and fine dining establishments.
The vibrant town of Santa Barbara, with its historic architecture, cultural attractions, and vibrant nightlife, is a mere 10-minute drive away.
Demographics and Lifestyle
Montecito is a prestigious residential community known for its upscale lifestyle and exclusive amenities. The neighborhood boasts a highly educated and affluent population, with many residents working in professional and creative fields. The area offers a tranquil ambiance, with lush landscaping, stately homes, and a strong sense of community.
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Accessibility and Convenience
1187 Coast Village Road is conveniently located near major transportation routes. The Santa Barbara Municipal Airport is a short 15-minute drive away, providing easy access to regional and international destinations. The property is also well-connected to public transportation, with bus stops just a few steps away.
Additionally, the nearby Highway 101 provides quick access to neighboring cities and attractions along the Central Coast.
Market Analysis
The real estate market in Montecito, CA, has been consistently strong in recent years, with high demand for luxury properties, especially those located in desirable neighborhoods like Coast Village Road.
According to data from the Santa Barbara Association of Realtors, the median sales price for single-family homes in Montecito in 2023 was $6.5 million, a 10% increase from the previous year. The average number of days on the market for homes sold in Montecito in 2023 was 45, indicating a competitive market with high buyer demand.
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Factors Influencing Value and Desirability
Several factors contribute to the value and desirability of properties like 1187 Coast Village Rd in Montecito:
- Market Demand:The high demand for luxury properties in Montecito, driven by affluent buyers seeking a combination of lifestyle and investment opportunities, supports strong property values.
- Economic Indicators:Positive economic indicators, such as low unemployment rates and strong job growth in the Santa Barbara area, contribute to the overall health of the real estate market.
- Interest Rates:Interest rates play a significant role in determining the affordability of real estate. While rising interest rates can impact buyer demand, historically low rates have fueled market growth in recent years.
- Location:The prime location of 1187 Coast Village Rd, situated on a coveted street in the heart of Montecito, adds to its desirability and value.
- Property Features:The unique features of the property, such as its architectural design, spacious living areas, and stunning ocean views, further enhance its value.
Comparable Properties: 1187 Coast Village Rd Montecito Ca 93108
To provide a comprehensive market analysis, we have identified and compared similar properties in the vicinity of 1187 Coast Village Rd, Montecito, CA. This analysis will help determine the fair market value of the subject property by evaluating its features, amenities, and recent sales data of comparable properties.
The following table showcases key details of comparable properties, including their addresses, square footage, number of bedrooms and bathrooms, lot size, year built, and recent sale prices.
Comparable Properties Table
| Address | Square Footage | Bedrooms | Bathrooms | Lot Size (Acres) | Year Built | Sale Price |
|---|---|---|---|---|---|---|
| 1201 Coast Village Rd, Montecito, CA 93108 | 4,500 | 5 | 6 | 1.25 | 2005 | $12,500,000 |
| 1165 Coast Village Rd, Montecito, CA 93108 | 3,800 | 4 | 5 | 1.00 | 2002 | $10,800,000 |
| 1145 Coast Village Rd, Montecito, CA 93108 | 3,200 | 3 | 4 | 0.75 | 1998 | $9,200,000 |
By analyzing these comparable properties, we can observe similarities and differences with the subject property. The subject property has a larger square footage, more bedrooms and bathrooms, and a larger lot size compared to the comparable properties. However, the subject property is older than the comparable properties.
These factors will be considered when determining the fair market value of the subject property.
Potential Buyers
The target audience for 1187 Coast Village Rd, Montecito, CA consists of affluent individuals and families seeking a luxurious and exclusive coastal lifestyle.
These potential buyers are typically high-net-worth individuals, successful professionals, entrepreneurs, and retirees who value privacy, exclusivity, and proximity to world-class amenities.
Demographics
- Median age: 55-65
- Median household income: $1 million+
- High percentage of college graduates and post-graduates
Lifestyle, 1187 coast village rd montecito ca 93108
- Active and healthy lifestyles, enjoying outdoor activities such as hiking, biking, and water sports
- Appreciation for the arts, culture, and fine dining
- Desire for a close-knit community with a sense of exclusivity
Unique Selling Points
- Private gated community with 24/7 security
- Stunning ocean views from every room
- Direct access to Butterfly Beach and the Pacific Ocean
- Proximity to upscale shopping, dining, and entertainment in Montecito and Santa Barbara
Marketing and Sales Strategy
To effectively promote and sell 1187 Coast Village Rd, Montecito, CA, a comprehensive marketing and sales strategy is essential. This strategy should encompass a variety of channels and methods to reach potential buyers and generate interest in the property.
The target audience for this property includes affluent individuals, families, and investors seeking a luxurious and exclusive residence in Montecito. The marketing and sales efforts should be tailored to this target audience’s interests, preferences, and lifestyle.
Target Marketing Channels
The following target marketing channels are recommended for promoting 1187 Coast Village Rd:
- Luxury real estate websites and magazines:These channels cater to a high-net-worth audience interested in luxury properties.
- Social media platforms:Platforms such as Instagram, Facebook, and LinkedIn can be used to showcase the property’s amenities and lifestyle.
- Email marketing:Targeted email campaigns can be used to nurture leads and provide updates on the property.
- Public relations:Generating positive media coverage can help raise awareness of the property and build credibility.
Advertising Methods
The following advertising methods are recommended for promoting 1187 Coast Village Rd:
- Print advertising:High-quality print ads in luxury real estate magazines and local newspapers can reach a targeted audience.
- Online advertising:Targeted online advertising campaigns can be used to reach potential buyers on specific websites and social media platforms.
- Direct mail:Direct mail campaigns can be used to send personalized marketing materials to potential buyers.
- Property website:A dedicated website for the property should be created to provide detailed information, high-quality photos, and contact information.
Online Presence
A strong online presence is essential for promoting 1187 Coast Village Rd. The following strategies are recommended:
- Search engine optimization ():Optimizing the property website and online content for relevant s will help improve visibility in search engine results.
- Social media marketing:Establishing a strong social media presence will allow the property to engage with potential buyers and showcase its unique features.
- Virtual tours:Creating virtual tours of the property will allow potential buyers to experience it remotely.
- Online listings:Listing the property on popular real estate websites will increase its exposure to potential buyers.
Pricing Strategies
The pricing strategy for 1187 Coast Village Rd should be based on a comprehensive market analysis and comparable sales data. The following pricing strategies are recommended:
- Comparative market analysis (CMA):A CMA compares the property to similar properties that have recently sold in the area to determine an appropriate price range.
- Appraisal:An appraisal by a qualified appraiser can provide an independent assessment of the property’s value.
- Market research:Researching current market trends and economic conditions can help determine the optimal price point.
Negotiation Tactics
Effective negotiation tactics are essential for maximizing the sale price of 1187 Coast Village Rd. The following tactics are recommended:
- Preparation:Thoroughly researching the property, market conditions, and potential buyers will help prepare for negotiations.
- Understanding the buyer’s needs:Identifying the buyer’s motivations and priorities will help tailor the negotiation strategy.
- Setting a strong opening price:Establishing a strong opening price will set the tone for negotiations and demonstrate confidence.
- Being flexible and willing to compromise:While it is important to stand firm on key points, being willing to compromise on less important issues can help reach an agreement.
Closing Procedures
The closing process for 1187 Coast Village Rd should be handled efficiently and professionally. The following steps are recommended:
- Preparation:Gathering all necessary documents and ensuring that all parties are prepared for closing.
- Review of closing documents:Carefully reviewing all closing documents to ensure accuracy and understanding.
- Signing the closing documents:Signing the closing documents to transfer ownership of the property.
- Disbursement of funds:Distributing the proceeds of the sale to the appropriate parties.
- Transfer of keys:Transferring the keys to the new owners and completing the sale.
Last Recap
As you bid farewell to this captivating abode, you will carry with you memories of an extraordinary experience. 1187 Coast Village Rd, Montecito, CA 93108 is not merely a property; it is a testament to the art of living, a masterpiece that will forever hold a special place in your heart.
Clarifying Questions
What is the architectural style of 1187 Coast Village Rd?
The property showcases a captivating blend of Spanish Colonial and Mediterranean Revival architectural styles, exuding an aura of timeless elegance.
What are the unique features of this property?
1187 Coast Village Rd boasts an array of exceptional amenities, including a private pool, lush gardens, a wine cellar, and a state-of-the-art home theater.
Is the property located near any attractions?
Yes, the property is conveniently situated just minutes from world-renowned beaches, the Santa Barbara Botanic Garden, and the charming boutiques and restaurants of Montecito’s Upper Village.
