Rarely, if ever, does a flat 1.26 acre lot this close a walk to Coast Village Road become available, on which to build your Estate. Ideally situated just a short stroll from Coast Village Road, Rosewood Miramar Hotel, and the beach, this exceptional parcel offers the perfect blend of privacy, convenience, and lifestyle. Set in the heart of Montecito's coveted Lower Village area, the property provides an ideal canvas for creating a custom residence or compound. Enjoy effortless access to renowned restaurants, boutique shopping, and the vibrant coastal atmosphere that defines Montecito living. This property offers endless possibilities just moments from the sand and the best of the Lower & Upper Village. Lower Village.
Vacant landProperty Type
1.26 acresLot Size
$3,531,746Price/Acres
Listed by Calcagno & Hamilton Calcagno•DRE #01499736• Berkshire Hathaway HomeServices California Properties
Listed by Calcagno & Hamilton Group•DRE #01499736 / 01129919• Berkshire Hathaway HomeServices California Properties
Originally part of the magnficent 'El Cielito estate'' this landmark 1.26 acre estate site is located in the heart of Montecito with both upper and lower villages on your doorstep. This lot is primed for you to build your legacy compound surrounded by major world class properties. Your unique opportunity to create a magnificent residence on one of the closest buildable lots to Coast Village Road. Adjacent lot located at 285 Olive Mill Road, APN# 091-300-015 is also available for purchase at $2,100,000.
SBMLS #98-3396
Sep 28, 2016
Listing Removed
—
Nov 14, 1998
Listed
$949,500
SBMLS #93-1328
Sep 28, 2016
Listing Removed
—
Apr 6, 1993
Listed
$898,000
SBMLS #10-122
Oct 7, 2011
Sold
$3,300,000
Jan 12, 2010
Listed
$3,800,000
SBMLS #99-3215
Jan 19, 2000
Sold
$880,000
Jan 18, 2000
Listing Removed
—
Nov 20, 1999
Listed
$949,000
SBMLS #99-3218
Jan 19, 2000
Sold
$880,000
Jan 18, 2000
Listing Removed
—
Nov 20, 1999
Listed
$949,000
SBMLS #98-3397
Nov 17, 1999
Listing Removed
—
Nov 14, 1998
Listed
$999,000
SBMLS #97-2422
Aug 29, 1997
Listing Removed
—
Aug 15, 1997
Listed
$949,000
SBMLS #96-3041
Dec 10, 1996
Listing Removed
—
Oct 15, 1996
Listed
$898,000
Year
Property tax
Land + Additions
Assessment*
2025
$33,013 (+1.9%)
$3,247,296
2024
$32,403 (+9.4%)
$3,183,624
2023
$29,631 (+64.2%)
$3,121,200
2022
$18,048 (+55.6%)
$2,850,000
2021
$11,599 (+0.9%)
$1,716,231
2020
$11,500 (+4.3%)
$1,093,675
2019
$11,022 (+332.1%)
$1,082,461
2018
$2,551 (−93.4%)
$1,061,237
2017
$38,423 (+3.1%)
$1,569,277 + $2,002,181
$3,571,458
2016
$37,257 (+1.8%)
$1,569,277 + $2,002,181
$3,571,458
2015
$36,591 (+1.6%)
$1,538,507 + $1,962,923
$3,501,430
2014
$36,017 (+0.4%)
$1,485,714 + $1,895,566
$3,381,280
2013
$35,865 (+2.6%)
$1,485,714 + $1,895,566
$3,381,280
2012
$34,972 (+14.9%)
$1,479,000 + $1,887,000
$3,366,000
2011
$30,437 (+1.2%)
$1,450,000 + $1,850,000
$3,300,000
2009
$30,083 (+2.6%)
$1,160,021 + $1,683,040
$2,843,061
2008
$29,330
$1,139,978 + $1,653,960
$2,793,938
Public record
Beds
4
Baths
5
Stories
—
Lot width
—
Lot depth
—
Lot size
1.26 Acres
Year renovated
2003
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,869
Year built
2002
Style
Other
County
Santa Barbara County
APN
009130027
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 86° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Santa Barbara, CA • 93108
Average low and high temperatures (°F)
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58
67
53
67
52
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 275 Olive Mill Rd
$4,071,698
$378K under list price of $4.45M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $3.4M to $7.0M.