'Million Dollar Listing' Los Angeles real estate agent Josh Flagg discusses the importance of waiting to buy a home at a lower price with a slightly higher interest rate versus purchasing a costly home now with a lower interest rate.
Located on the coast of Southern California, Santa Barbara’s Mediterranean-like climate has earned the city the nickname “the American Riviera.”
Considering the climate, which has been named among the best in the U.S., it may not be a surprise that Santa Barbara and neighboring Montecito have some very wealthy residents who have built very pricey homes there.
Here’s a look at a few of those homes that are available on the market right now, courtesy of Compass real estate:
East Valley Road, Montecito
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
$75,000,000
12 bedrooms
10 bathrooms
Three half baths
29,438 square feet
Rancho San Carlos is a 237-acre estate that’s been owned by the same family for nearly 100 years.
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
The manor was designed by architect Reginald Johnson in 1931, and the home boasts classic grandeur throughout. Other buildings on the property include a barn, employee quarters, foreman’s house, paddock, ranch office, stable and workshop.
ROBE LOWE IS SELLING HIS VERY EXPENSIVE HOME. TAKE A LOOK INSIDE
Ennisbrook Drive, Montecito
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
Here’s a look at a Montecito home. (Credit: Jim Bartsch)
$12,750,000
Four bedrooms
Three bathrooms
3,129 square feet
This six-acre compound is undergoing a total renovation. It features two homes, including one with a large master suite, wine cellar and game room.
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
Here’s a look inside a Montecito home. (Credit: Jim Bartsch)
The second home has three bedrooms, a terrace with a fireplace for outdoor entertaining, a formal library and exercise studio. The property also includes a stable with four stalls.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Hidden Valley Lane, Santa Barbara
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look at a Santa Barbara home. (Credit: Brian Kruelle)
$8,950,000
Three bedrooms
Four bathrooms
Two half baths
6,503 square feet
This Mediterranean-style home sits on a 3.2-acre hilltop offering expansive views of the Santa Barbara harbor, the coast and the Channel Islands.
Here’s a look inside a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look inside a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look inside a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look inside a Santa Barbara home. (Credit: Brian Kruelle)
Here’s a look inside a Santa Barbara home. (Credit: Brian Kruelle)
The gated home includes a great room, formal dining space, gourmet kitchen with casual dining space, movie theater, wine cellar, exercise room, library and an oversized three-car garage with a workshop.
LIVE LIKE A CELEBRITY IN THIS TRANQUIL SANTA BARBARA ESTATE
Cresta Avenue, Santa Barbara
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
Here’s a look at a Santa Barbara home. (Credit: David Palermo)
$5,748,000
Five bedrooms
Five bathrooms
One half bath
5,407 square feet
Located in the Hope Ranch community, this French country home-inspired estate was built in 2008 on close to three acres of land overlooking the Santa Ynez mountains.
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
Here’s a look inside a Santa Barbara home. (Credit: David Palermo)Here’s a look inside a Santa Barbara home. (Credit: David Palermo)
The home features a master suite with dual walk-in closets, radiant heated master bathroom floor, two offices, a fireplace and a heated, covered veranda.
$35M CALIFORNIA HOME INSPIRED BY HISTORICAL SPANISH PALACE
Garden Street, Santa Barbara
Here’s a look at a Santa Barbara home. (Credit: Jim Bartsch)
Here’s a look at a Santa Barbara home. (Credit: Jim Bartsch)
Here’s a look at a Santa Barbara home. (Credit: Jim Bartsch)
Here’s a look at a Santa Barbara home. (Credit: Jim Bartsch)
$5,500,000
Three bedrooms
Three bathrooms
One half bath
3,775 square feet
This restored Mission Revival home dates back to 1895.
Here’s a look inside a Santa Barbara home. (Credit: Jim Bartsch)
Here’s a look inside a Santa Barbara home. (Credit: Jim Bartsch)
Here’s a look inside a Santa Barbara home. (Credit: Jim Bartsch)
The updated interiors maintain their historic feel and the home is surrounded by lush gardens with outdoor space for entertaining.
School House Road, Montecito
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
Here’s a look at a Montecito home. (Credit: Brian Kruelle)
$4,295,000
Five bedrooms
Three bathrooms
One half bath
3,637 square feet
Sitting on just under an acre of land, this unique “Japanese farmhouse” features a custom tile roof and is surrounded by exotic plants, an expansive pool and winding paths.
The interior has been totally gutted and remodeled. It includes a private upstairs master suite, detached studio and custom bamboo kitchen cabinets.
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
Here’s a look inside a Montecito home. (Credit: Brian Kruelle)
READ MORE ON FOX BUSINESS BY CLICKING HERE