Austin Val Verde Estate on the Market - Subject to Bankruptcy Court Approval

Montecito/beach area estate properties are alive and well. This morning's caravan features 9 properties that are listed for over $10MM, and 20 properties that are listed between $2MM and $10MM. We have experienced several multiple offers on estate properties in the last month, a signal that those buyers who were uncertain, now perceive our area to have some bargains. Most comment on how much land you get - these are not urban lots with massive structures, but rather impressive estate grounds with the bonus home included.

Today, one terribly interesting property is available: The Austin Val Verde Estate on Sycamore Canyon Road, home to some of the best estates in Montecito. The listing agent writes: "This majestic estate is nestled on 17.4 lush and private acres, complete with a spacious main residence and 2 guest homes. The breathtaking grounds include an impressive reflecting koi pond, year-round creek, pool, fountains, and phenomenal specimen landscaping and beautiful gardens. This is an incredible opportunity to own a rich piece of Montecito's history! Offered at $16,000,000 and subject to bankruptcy court approval. Owner financing may be available."

AUSTIN VAL VERDE: A Montecito Masterpiece is the first book to reveal the full extent and richness of Val Verde's architecture, interiors, and gardens. The book includes never-before-published color photographs of the house and its gardens by the late Berge Aran that capture the enchanting spirit of this American architectural icon and give the reader the rare opportunity of exploring this wonderful place, inside and out.