$4,960,000

Set on a remarkably private and level 1-acre parcel, this gated Montecito estate lives like a true luxury compound. Featuring 2 beautifully designed homes including a newly constructed +/- 1,200 sq ft ADU the expansive, park-like property is ideal for multi-generational living, guests, or income potential. Located in the coveted Cold Spring School District, this rare retreat sits perfectly between Montecito's upper and lower villages and is just minutes from beaches and scenic hiking trails. Plans designed by A34 Studios are available for expansion of the main residence, with a land use permit for new construction in hand.Beyond the gated entrance, a spacious motor court offers ample parking and comfortable separation between the two residences. Significant infrastructure upgrades -- including electrical, sewer, water, and gas system improvements -- provide peace of mind for years to come. The single-level main residence features vaulted ceilings, a cozy fireplace, a remodeled kitchen, two bedrooms plus a loft, and easy access to a generous entertaining deck, outdoor barbecue, and various seating areas.Steps away, the newly built 2-bed/2-bath ADU features soaring 10-foot ceilings, open-concept living areas, and folding steel doors that invite the outdoors in. Just off the main living area, a covered patio overlooks the expansive grassy lawn and serene setting. At every turn, the home features sophisticated, top-quality finishes, energy-efficient upgrades, and custom details. A covered breezeway connects the home to an oversized garage with EV charging, private laundry, and abundant storage, completing the ADU's thoughtful layout. Outside, endless possibilities await, whether you're entertaining, gardening, or simply looking for a serene space to relax outdoors. Amenities include a fire pit area, garden beds, grassy open areas, a putting green, and a detached flex space perfect for an office, art studio, or fitness room -- all surrounded by lush landscaping, mature trees, and privacy hedges. With its flat, usable land, dual residences, and impressive seclusion, this property offers a rare combination of space, privacy, and versatility -- ready for immediate enjoyment or future expansion.