FOURTY SIX ACRES + HOUSE & BUILDING SITE Possibly the best ocean view value in Montecito. For rent or sale. Owner will finance the sale to a buyer with excellent credit and a reasonable down payment of 10 to 20% down depending on credit history.. The gated home and separate partially developed building site boasts unparalleled ocean, island, coastline, harbor, mountain and city views. This property is on a private road with four other $7,000,000 to $15,000,000 homes and is well below current market value. The sale includes the thirty four page blueprints and features a mission style home by renowned designer Peter Kavoian, for a 4,500 to 6,000 square foot house. Located three miles from the Upper Village and the Montecito Union School, the property features a third of a mile of private driveway and half mile of private road. The current 1600 sq. ft. house has an upgraded interior (2012) with granite countertops, travertine and marble floors, and solid mahogany doors throughout. Home has two bedrooms, 2 bathrooms (one with a spa tub), 24 foot living room with cathedral ceilings and kitchen with wet bar, family room, office or 3rd bedroom, laundry room, large walk in closet off master bedroom. In addition there are two storage sheds and storage in the attic.The 1100 sq. ft. deck area lends itself to ideal indoor/outdoor living and includes a partially glassed in pergola with roof, built-in gas BBQ , and hot tub. The property has a well system (25 gallons per minute) and includes several water tanks. The potential building site is located a quarter of a mile from the present home with utility conduits under the hard surface driveway. Owner financing possible with 10 to 20% down and balance at 4.5 % for 5 years with interest only until Jan. 2021. Possible lease option maybe considered for one year with a $25,000 option deposit (to be applied towards down payment) and rent of $4320 per month. Will coop with agents. The property can also be rented for $4500 per month without an option to buy or $4320 if rent prepaid.
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