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See What Montecito Agents Are Calling "The Best House on the Market"

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See What Montecito Agents Are Calling "The Best House on the Market"

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It's true. Montecito is riddled with some of the most enviable homes in the country, and arguably, the world. And really, it's no surprise. With the most idyllic climate since the south of France and views of a comparable, coastal landscape, Montecito is easy to fall in love with, make a home, and stay forever. And that is just what the owner's of 1125 Garden Lane did some 20 years ago. A couple from Maine who were pulled away to cultivate careers in the film industry, they vowed to create a home that felt like Maine, with the same sense of "permanence and provenance." And so was built an exceptional Dutch-Revival residence nestled on over 3 captivating acres. Really, the grounds are unlike any other. Read on to experience what many agents are calling "the best house on the market."

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 Occupying one of Montecito’s most sought-after and private locations, an exquisite New England estate perfectly balances character and antiquity with the modern tastes of today’s discerning buyers.

A captivating lane in Montecito’s famed Riven Rock, Garden Lane hosts a timeless residence built by its current owner to feel steeped in East Coast elegance. Beyond private entry gates, a meandering tree-lined drive introduces 3.38 wooded acres, where resident oaks and deciduous specimen trees appear untouched by time.

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The owner envisioned a home with “a sense of history, permanence and provenance,” which is exquisitely achieved not only by the blossoming vines that scale the exterior, but also by the thoughtfully curated design details found throughout the home. The home’s design aesthetic has been keenly celebrated in numerous design publications including Traditional Home, Elle Décor and Beautiful Homes Magazines. Stepping onto the inviting front porch, the attention to detail and superb quality construction is immediately evident. The striking foyer’s towering ceiling, archways and dignified staircase showcase the masterful eyes of architect Jock Sewall and builder Paul Franz. 

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Abundant natural light filters through an expansive picture window in the formal living room. Wide oak floorboards in a rich stain offer a luxurious contrast to crisp paneled walls, a tasteful fireplace and French doors leading to sunny terraces and glorious rose gardens on both sides of the room. An adjacent den of handsome design, offering built-ins and large window seat, is perfectly situated for an office or game room. 

The formal dining room is poised to host family and friends. Built-in china cabinets, a sundrenched window seat and exquisite chandelier create an atmosphere fitting for intimate dinner parties and jovial gatherings alike. Many of the light fixtures throughout the home are antique, having been hand selected by the owner in an effort to further the desired sense of history.

An expansive great room encompasses the charming kitchen and delightful family room where French doors and large windows open to the pool. Custom designed by the owner, an avid chef, the kitchen boasts the finest culinary appliances. An informal dining area comfortably seats ten, perfect for sunny Sunday morning brunch or casual afternoon snacks in the family great room.

The classic New England tenor continues throughout the great room with beadboard, crown molding and an inviting stone fireplace, creating a sophisticated yet comfortable ambience. A sunny deck with large stone fireplace beckons leisurely afternoons and crisp evenings beneath ancient oaks.

A quaint office/guest suite boasting a private bath, enjoys French doors opening to the pool garden. A powder room, oversized multipurpose room and laundry area ideal for arranging blossoms from the cutting garden, and access to the garage complete the home’s main level.

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The elegant staircase draws one to a lovely sitting area with built-in bookcases. Beautiful arched windows overlook the blossoming rose garden while a towering pitched ceiling creates a room both spacious and open, at the same time cozy and welcoming.

A pair of antique pillars frames the doorway to the master bedroom, introducing the vintage elegance that defines the suite. Century-old oak graces the floor, complementing the aged patina of the plaster walls. Large windows overlook verdant treetops, welcoming the romantic aroma of rose and herb gardens, and brilliant sunlight. Two walk-in closets precede the master bath, a serene escape boasting an oversized shower, elegant soaking tub and sizeable vanity with dual sinks and custom tile work. Windows open to the oak canopy, allowing sweet breezes to further the sense of calm in the master suite.

Two lovely bedroom suites on the opposite wing of the home’s upper level overlook the stunning pool garden. Both suites are bright and open with pitched ceilings and abundant sunlight, and offer the privacy of dedicated baths. In addition to the ample motor court, the spacious garage can house two vehicles and offers a sizeable workshop, custom built humidor and additional storage space ideal for a wine cellar.

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Outside, the grounds are a private oasis. Towering specimen trees surround the estate, allowing sun to filter to the private pool terrace, lush lawn and porch with outdoor fireplace. A charming pool cabana offers a powder room and lounge area with wet bar, ideal for escaping the afternoon sun. An impressive rose and herb garden offers bountiful blossoms for arrangements and cooking with the freshest ingredients.

Stone-lined pathways meander through the estate’s gently rolling acres, along Hot Springs and Cold Springs creeks, both seasonal, toward hidden sitting areas. A shady woodland of deciduous specimen trees, native oaks, apple and persimmon trees create a lively landscape ripe for exploration. Beyond the private gates of Riven Rock, the scenic Hot Springs hiking trail lies just a half-mile away, at the junction of Riven Rock Road and East Mountain Drive. The serene hiking trail winds past grand estates toward tranquil waterfalls and endless vista points. This exceptional lifestyle amenity can be enjoyed year-round in Montecito’s enviable climate.

The enclave affords unparalleled privacy and is defined by a calm and serenity awarded to few locations so near to town. Just minutes from Montecito’s fine dining, upscale shops, world-renowned resorts and pristine beaches, the quiet lanes of Riven Rock are perfectly situated for a rich lifestyle.

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1125 Garden Lane is offered at $6,795,000To experience the magic of this exquisite home, contact the listing agents at Riskin Partners to schedule a showing. 

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Press Release: Riskin Partners Closes Over $146 Million in Luxury Real Estate in Q1 2015

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Press Release: Riskin Partners Closes Over $146 Million in Luxury Real Estate in Q1 2015

Santa Barbara’s leading residential real estate team, Riskin Partners, a luxury division of  Village Properties Realtors, the area’s exclusive Christies International Real Estate affiliate,  has broken an all-time record, closing over $146 million in sales in the first quarter of 2015.  Partners Rebecca Riskin, Dina Landi and Sarah Kelly, earned the #1 position in the Santa  Barbara Multiple Listing Service (MLS) for dollar volume sales in 2014, and have closed in  excess of $284 million over the last twelve months. Riskin Partners has claimed the #1  position for dollar volume sales in Montecito 9 out of the last 10 years, and was recognized  by the Wall Street Journal in 2012 as the #11 team in the country.

Riskin Partners’ sales volume is a staggering 206% greater than the #2 agent in the Santa Barbara MLS. Among the team’s 2015 sales was an exceptional Padaro Lane beach house, which closed for $19 million, the year’s highest sale to date. Riskin Partners represented the sellers in every sale over $10 million this year. Three of those properties received multiple offers.

Riskin Partners represented the sellers of this exceptional Padaro Lane beach house, the year's highest sale to date.
Riskin Partners represented the sellers of this exceptional Padaro Lane beach house, the year's highest sale to date.

“In this year’s first quarter, Santa Barbara and Montecito have seen a substantial increase in real estate activity across the board,” said Dina Landi. “In fact, sales are up 26% year to date.”

What is the team’s strategy for the remainder of 2015?

According to Sarah Kelly, “In order to continue to provide impeccable service and unrivaled representation for our clients, we’ve expanded our team to include seven full-time professionals.”

Rebecca Riskin adds, “Meeting our client’s needs is our first priority. We are proud of our success, but ultimately only feel successful when our clients are happy.”

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Montecito - The Zip Code of Wealth

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Montecito - The Zip Code of Wealth

Every year Forbes.com releases a list of the nation's Most Expensive Zip Codes, and like clock work, Montecito's 93108 makes the list in the top 20. Home to not just millionaires, but a healthy number of billionaires and celebrities who either call Montecito home or their favorite place to keep their vacationhome. In 2013, Montecito ranked #17 on the Forbes list, with a median home price of $3,740,091. This year, with property values across the state of California slowly inching upward, Montecito comes in at #14 and $4,236,951. Other than exceptional year-round weather in an incredible coastal location, what defines a wealthy zip code. Firstly, the neighbors. Montecito is a mingling of staggering mega-mansions, distinctive historic houses, expertly designed new constructions and quaint cottages. A cozy 2 bedroom home may rest adjacent to a 10,000sf manse. These large estates tend to rest on acres of superbly manicured grounds with lavish outdoor entertaining spaces - perfect for lounging in warm, Montecito sun. These large properties affect the values of every property in their vicinity - driving up the value regardless of size - and increasing the average property value.

Secondly, that million dollar view. Montecito can be found between the foothills of the Santa Ynez Mountain range and the Pacific Ocean. These higher elevations afford stunning views of both the mountains and the ocean. Some homes boast views so expansive, you can see the Santa Barbara harbor and the coastline to Ventura.

Next, the schools. Montecito is home to many of California's finest primary schools. Montecito Union and Cold Springs schools regularly rank as two of California's best public schools. Crane Country Day School, All Saints by the Sea, Music Academy of the West and Westmont College are all excellent private schools in the area. Being within the Montecito Union School district directly affects the price of a home when compared to homes which sit in neighboring districts.

Below, enjoy a few of the fantastic properties which have helped land Montecito's 93108 make the Forbes list once again. For more information on each property, simply click the image...

Expansive ocean views, a pool with lavish pool house and approximately 8,000sf of living space command a $13,695,000 price tag for this Montecito estate.
Expansive ocean views, a pool with lavish pool house and approximately 8,000sf of living space command a $13,695,000 price tag for this Montecito estate.
$9,250,000 will buy you a historic English Manor with ocean views and a location that allows for walking to restaurants, shops, luxury resorts and beaches.
$9,250,000 will buy you a historic English Manor with ocean views and a location that allows for walking to restaurants, shops, luxury resorts and beaches.
In a private, gated community, $2,195,000 will buy you a beautiful, flat 1.5 acre lot to build your dream home.
In a private, gated community, $2,195,000 will buy you a beautiful, flat 1.5 acre lot to build your dream home.

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LIVE! The Riskin Associates Mobile App

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LIVE! The Riskin Associates Mobile App

  Introducing the Riskin Associates mobile application 

  We are pleased to announce the availability of the Riskin Associates mobile application. Based in Montecito, CA, Riskin Associates has been the    top selling Santa Barbara real estate team for the past decade. The award-winning team lists some of the most coveted estates on the south Santa  Barbara coast. We were engaged by them to create a mobile application that would add to the services they provide their buying and selling clients  that have made them a market leader.

  Goals and Approach

For the design of the application, we took queues from the Village Properties mobile website we developed since the Riskin Associates team is part of the brokerage. We decided to keep the overall flow of the application intact, but the branding, content and functionality needed customized for Riskin Associates. We wanted to accomplish a number of goals with the modified design:

  • Produce a clean, elegant design that conveys the elegance and luxury of the properties they represent
  • Provide a vehicle for them to highlight and market their distinctive properties
  • Incorporate visual imagery that reflects the unique nature and beauty of their listings and the surrounding area
  • Create a finished product that would further differentiate their brand and set them apart as a leader in the market
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Riskin-Associates-Featured-Properties-199x300-1

Key features of the application

In order to develop the key features of the application, we evaluated their online presence which uses vivid photos and imagery to highlight their property listings. We wanted to provide a similar visual experience on mobile and give Riskin Associates the flexibility to highlight the different properties they represent. In addition to the essential features such as property search (both by location and by criteria), methods to contact the team, and an about us section, we incorporated the following:

  • A vivid home page focused on a full width image that can be dynamically changed by Riskin Associates
  • A featured listing section that allows them to highlight the properties they represent – each listing is its own interactive photo gallery that can be compiled and controlled by the Riskin Associates marketing team
  • Links to custom content created by the marketing team such as property brochures that are hosted through Calaméo

You can access the application via any iPhone or Android device by opening the browser (or Safari) on your phone and going to www.montecito-realestate.com. You will be automatically redirected to the mobile application where you can learn more about the Riskin Associates team and explore their featured listings.

Raising the bar for service and performance

It was a pleasure working with the Riskin Associates team on the development of their mobile application. The energy and enthusiasm they brought to the project is evident in the finished product. It is a reflection of the time and personal attention that they give each of their clients. It shows in all aspects of their business, particularly in the level of service they provide their clients and the attention-to-detail they put into their marketing materials. With the availability of their mobile application, they have another tool that reinforces this high level of service, whether it is used for marketing properties or helping prospective buyers identify properties to purchase.

The Riskin Associates mobile application is another example of how leading brokerages and agent teams are embracing mobile to raise the bar on the services the provide their clients, differentiate themselves in the market, and further reinforce their leadership position in the market.

The Riskin Associates mobile website was created by Aumnia.

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Class is Now in Session: Montecito and Santa Barbara's Excellent Educational Institutions

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Class is Now in Session: Montecito and Santa Barbara's Excellent Educational Institutions

Class is now in session! Montecito and the neighboring school districts are now well into the 2014/2015 school year - which means local children are back to learning and growing at some of the state's highest ranked educational institutions. The respected and coveted Montecito Union School is regularly ranked an 10/10 school, with an enrollment hovering around 460 children across 26 classrooms, with an average class size of just 18. The staff at MUS strive to help build well educated, well attended to, and well rounded students. Offering numerous extra curricular activities including after school programs, Art at Lunch, a Garden program and the GATE program, the school is renowned for producing exceptional students. Cold Springs school, just a few miles from MUS, is the second public school in the area while our numerous private schools include Crane Country Day School, Laguna Blanca and Our Lady of Mount Carmel. Each educational institution in the area offers a unique strategy for its attendants, all in the beautiful, bucolic setting of Montecito.

Outside of Montecito, are the Santa Barbara Unified School District (home to 13 elementary, 4 junior high and 5 senior high schools), Hope Elementary School District in Santa Barbara's Hope Ranch enclave, and the Goleta Union School District.

One of Santa Barbara Unified School District's senior high schools, Dos Pueblos High, recently received a fantastic honor as one of the Top 25 Schools in the West, and the subsequent press. With a graduation rate of 99% (with 98% of graduated headed to college!!) the Home of the Chargers shares the common goal of helping students reach their highest potential on their path the higher education.

 

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New Listing! Exceptional Roland Coates Compound in Hope Ranch

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New Listing! Exceptional Roland Coates Compound in Hope Ranch

A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.
A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.

Riskin Associates is proud to announce a fantastic new listing, one of Hope Ranch's most historic and enchanting estates. Spanning across 8 lush acres, this circa 1930 residence was expertly designed by notable architect Roland Coates. Defined by classic East Coast elegance, the main residence's colonial achitecture is an idyllic complement to Santa Barbara's coastal culture.

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The main house boasts eight bedrooms while two auxiliary structures offer 5 additional bedroom suites creating a wonderful compound locale for extended holidays and daily living alike.

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The gracious yet casual interiors are rich with original details, paneled walls, built-in storage and oak floors. A handsome bar sits between the charming sunroom and the home's exquisite library. Cloaked in walnut paneling, the library offers an peaceful space for quiet leisure.

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Tasteful updates throughout meld perfectly with original character, creating a transcendent property with both historic and modern appeal. A lavish butler's pantry connects the gracious dining room to the eat-in chef's kitchen. Each culinary space has been beautifully appointed with top of the line appliances, marble finishes and ample storage, ideal in an estate designed for entraining.

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Outside, the grounds are a fantastic mingling of artfully manicured gardens and casual oak forests. Stone lined paths wander the grounds past a tranquil koi pond toward the lighted tennis court.

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Enchanting and romantic with both historical charm and modern luxuries, this Hope Ranch estate reflects old world elegance in an idyllic Santa Barbara location.

1530 Roble Drive, Santa Barbara

Offered at $15,500,000

Click here for more information.

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Santa Barbara's Neighborhoods

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Santa Barbara's Neighborhoods

Village Properties as put together a brief overview of Santa Barbara neighborhoods. Riskin Associates' supplements these areas with a few luxury locations as well. Santa Barbara has a diversity of residential areas. Made up of many neighborhoods and areas you will find information provided on several below.

Mesa

The Mesa is located on the bluffs just beyond the harbor and extends from the ocean up to the top of the hill. There are both tract and custom homes, many with ocean and/or city views.

The Wilcox Property, now known as the as the Douglas Family Preserve, at southwestern tip of the Mesa was a commercial nursery, currently preserved for public use. The neighborhood between Mesa Lane and Oliver Road, while originally plotted as early as 1920, did not develop until after World War II when many veterans built homes with the help of GI loans.City weather records show that the Mesa's winter temperatures are 10 to 12 degrees warmer than downtown, and 10 to 12 degrees cooler in the summer.

Westside

The "Westside Story" of Santa Barbara is laid in our city's first suburb to be initiated by Anglos rather than Hispanics; the Spanish genesis of the city was located on the Eastside. In 1850, when the United States annexed California to the Union, the Westside was open grazing range and farmland, turning marshy near the beach. Today this area is solidly overlaid with urban development extending inland to the Goleta Valley, making it the most densely populated neighborhood in Santa Barbara. The earliest historical reference to the Westside came in 1793 when Captain George Vancouver, a British explorer-scientist, who was circumnavigating the globe, anchored the Discovery off West Beach and received permission for his seacook to chop stovewood from the Mesa oak groves and refill his water tanks from a steep at the base of the Mesa bluffs near Pershing Park.

Mission Canyon

Mission Canyon, which with the Old Mission complex and the area bounded on the south by Mission Street, making up Santa Barbara's "Mission District," is unique. No residential neighborhood in the city boasts a richer historical background, or offers more relics and landmarks of Old Spanish Days.Fr. Junipero Serra, when he helped found the Royal Presidio of Santa Barbara in 1782, intended Santa Barbara's Franciscan mission to be built in El Montecito near the present site of Our Lady of Mount Carmel church on East Valley Road. But four years later, when his successor, Fr. Fermin Lasuen OFM, arrived to establish our mission, he decided that Montecito was too infested with grizzly bears and renegade Indians to risk building a mission so far removed from the protection of the presidio soldiers, so he looked elsewhere.

San Roque

Few residential neighborhoods of Santa Barbara can boast the rich historical background of the San Roque and Rutherford Park areas. San Roque is a charming area with smaller, individual homes in a quiet, yet convenient in-town location. Ten thousand years ago the area, bounded by Ontare Road, Foothill Road, Alamar Avenue and State Street, was an open expanse of treeless grassland, sloping up to the knees of the foothills and bisected by the jungled course of San Roque Canyon. Now a built-up, economically stabilized suburb, it is admired for its sweeping curved streets, its luxuriant landscaping, and its harmonious blend of many architectural themes - Spanish Colonial, English Tudor, French Normandy, California Redwood, Italian and American Colonial, mostly built since 1925. San Roque features older, custom homes with charm.

Samarkand

Samarkand meant "the land of heart's desire" in the archaic Persian tongue. It identified the fabulous Asian city where a mythical Queen Scheherazade spent her 1001 Arabian nights. In Santa Barbara, the melodic oriental name was first applied in 1920 to a deluxe Persian style hotel, formerly a boy's school. As the dominating landmark of a hilly, elevated neighborhood, the Samarkand gave its name to an area bounded on the east by Oak Park, on the north by Hollister Avenue (now De La Vina Street), on the west by a ranch boundary fence centered on modern Las Positas Road, and on the south by the old Coast Highway and the railroad. Samarkand is a delightful area of homes full of charm.

The Waterfront

The Spaniards who founded Santa Barbara in 1782 were soldiers and priests, not seafaring men. Perhaps that is why no provision was made for a seaport. The waterfront, extending 3.6 miles from Shoreline Park to the Bird Refuge, offers no natural headlands to create a safe anchorage. Early-day mariners dreaded Santa Barbara's exposed roadstead so much they used to drop anchor a mile offshore, ready to slip their cables and head for the open sea if foul weather threatened. As recently as 70 years ago the ocean used to cover what today is the City College football field, dashing its surf against cliffs now paneled by La Playa Stadium. Leadbetter Beach did not exist. But just around the corner, east of Castle Rock (a long-vanished promontory), semi-sheltered West Beach became the traditional landing place for visitors. It is thus overlaid with history covering two centuries.

The Santa Barbara Waterfront stretches from the Harbor across from Santa Barbara City College along Cabrillo Boulevard past Stearns Wharf to East Beach, which is near the Santa Barbara Zoo and Bird Refuge. There are Hotels and Motels located along the Waterfront, but behind them are charming homes, duplexes, triplexes and apartment buildings.

By Village Properties

The Riviera

Bridging the two mile span which separates Mission and Sycamore Canyons, the sylvan uplift which the padres knew as the "mission ridge" has for the past 65 years been known as "the Riviera" due to its resemblance to slopes along the Mediterranean coasts of France and Italy. Santa Barbarans lucky enough to live on this ridge attach premium value to their homes because of their unsurpassed views of the city, mountains, sea and islands.

This chic modern residence sits at the end of a quiet cul-de-sac on the Riviera.
This chic modern residence sits at the end of a quiet cul-de-sac on the Riviera.
Offered at $3,195,000
Offered at $3,195,000

Surrounding Santa Barbara are a number of luxury enclaves: Montecito, Hope Ranch, Carpinteria and Summerland.

Hope Ranch

Hope Ranch is a place like no other in the Santa Barbara area. As you pass under the filigreed sign suspended across Las Palmas Drive, you feel as if you’re entering a world all your own. Towering palms line the main drive, and a feeling of serenity is ever present throughout the community. It is situated in the southeastern portion of Santa Barbara County between Highway 101 and the ocean, and emcompasses 1,863 acres. The broad, flat mesa and low rolling knolls are punctuated by a magnificent valley of live oak trees, which makes it an ideal location for equestrian-minded residents.

Hope Ranch real estate includes elegant french country homes, Mediterranean villas, equestrian estates and everything in between. Homes sites were developed to enjoy a variety of views from the landward purple mountains of the Santa Ynez range to the seaward views of the Pacific Ocean and Channel Islands. Governed by homeowners since the 1920s, Hope Ranch prospers from a heartfelt sense of community and concern for the quality of life of every resident. A golf course and country club, small lake, private beach and bridle paths are just some of the benefits of living in this elite residential area.

A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.
A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.
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Carpinteria

Just south of Montecito you'll discover the peaceful seaside city of Carpinteria. Home to a world-renowned surfing area off Rincon Point, it is easy to get caught up in the laidback feel of the community and the naturally beautiful surroundings. Luxury Carpinteria real estate includes everything from beachfront estates to sprawling ranches and elegant hillside villas with remarkable ocean views. Carpinteria notably harbors the historic Santa Barbara Polo Club, one of the oldest in the United States. The deluxe Club with its four elegantly groomed polo fields and clubhouses, offers weekly polo games throughout most of the year.

Carpinteria State Beach encompasses over 4,000 feet of ocean frontage and secluded wooded groves, offering overnight camping in addition to esteemed surging and fishing. Just a few blocks from the ocean you’ll find wide, tree-lined streets with charming shops are restaurants creating an idyllic downtown atmosphere. Carpinteria often showcases parades. Craft shows and other events that evoke a gentle way of life.

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7455ShepardMesa_PoolView
Rustic ocean-view home in Carpinteria
Rustic ocean-view home in Carpinteria

Summerland

With unsurpassed Pacific Ocean and Channel Island views, Summerland is a tiny beachside community with less than 2,000 residents. Snuggled on the coast between Montecito and Carpinteria, its homes, businesses, beaches and parks beautifully reflect its relaxed nature and small-town sensibility.

There are a number of charming markets, antique stores, clothing shops and restaurants to enjoy, as well as a range of real estate options suitable for all tastes and budgets from luxury estates to small homes, contemporary condominiums and sprawling ranches.

For more information about real estate in Santa Barbara and the surrounding areas, please contact Riskin Associates.

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Christie's International Real Estate CEO Talks to The NYT

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Christie's International Real Estate CEO Talks to The NYT

Village Properties is the exclusive Christie's International Real Estate affiliate in the Santa Barbara market. Recently, Christie's CEO Bonnie Stone Sellers spoke to the New York Times about the future of the powerhouse company, and how it's success is driven by the success of the affiliates.

Ms. Sellers is the chief executive of Christie’s International Real Estate, the New York-based division of the auction houseChristie’s. The company has 138 real estate affiliates in 45 countries, including Brown Harris Stevens.

Before joining Christie’s in September 2012, she served as the head of the real estate group at McKinsey & Company, where she was a partner for 14 years.

Interview conducted and condensed by VIVIAN MARINO

Q. How does the New York market factor into the overall business at Christie’s International?

A. There isn’t any one affiliate that is that major a factor, but New York is a very important location for us. A lot of our major transactions are in the New York market. Since I’ve been with Christie’s International Real Estate, our network’s biggest transaction in New York City was through our affiliate Brown Harris Stevens: an $88 million apartment at 15 Central Park West bought by a Russian oligarch in 2012.

Q. Have you added affiliates since you came to the helm?

A. We’ve added 18 affiliates, some of which are in really key areas — from Singapore to Dubai; Monaco; Orange County, Calif.; Honolulu, just to name a few.

As a result of this and as a result of the strength of the luxury market, our growth has been substantial.

Q. How so?

A. In 2013, we had a sales volume of $106 billion. That reflected a 29 percent growth over the previous year of about $82 billion.

Q. What is your forecast for this year?

A. We’re looking for a bigger number.

Q. Your company recently published its second annual study of the global luxury market. Any surprises?

A. The big surprise for us was the velocity of sales. We had no idea that the growth in the luxury market was related to the volume of sales, in particular, rather than the increase of prices. The second big “aha!” to us in our research — and we do all the research ourselves, by the way — was that luxury real estate has no relationship to general housing. It bears a very close relationship to luxury goods, particularly fine art. And if you look at how well the auction house did this past year, it kind of proves the point. Many have multiple pieces of art, and multiple homes.

Q. Are there just more rich people around?

A. There are a lot more rich people, and the rich people have more wealth — this had been in many public reports. But to us, we see three groups driving this.

The first group that everyone hears about is the foreigners. They invest in London and the United States and they do that to have a safe place for their capital, a place where they can eventually live when they want to send their children to school; a place that has ease of access — a lifestyle city.

A second group are the millennials. This is a generation that for the first time is receiving money from their baby-boomer parents or perhaps they were in the tech area and they’ve earned their own money. They’re becoming a noticeable force in the market.

But the third group — the real driver — is the locals. And this is not just focused on New York but all the major cities we’ve looked at. The locals were on the sidelines during the recession and they’ve now come back with their pent-up demand and they’re fueling the growth of the lowest end of the luxury market — $1 million to $5 million — because finances are available and they have confidence.

Q. In the New York market, $1 million isn’t really considered luxury.

A. We actually agree with you. In the New York market, we define luxury as $5 million and above. But for our network globally, we only handle properties starting at $1 million.

Q. So if I wanted to list a home for under $1 million, you wouldn’t market it?

A. Our affiliates may take it, but not under the Christie’s network.

Q. Are you working directly with any big developments?

A. You caught us just before we announced the business — we’re going to be launching it this summer.

One of the new initiatives this year is to create a business in development project marketing. We have three projects under our belt already. The one we are about to launch is in Sardinia; we also have two projects in London.

Q. Where would you like to see the company in the next few years?

A. We have some bold aspirations in the next five to 10 years. First: geographic expansion. We need to be in every major luxury city in the world, and there are still a few that we haven’t yet tackled. There are several in Asia that we’re testing the waters on right now — for example, Tokyo.

I’d like to deepen synergies with the auction house. This year we had the opportunity to market and sell the properties of Huguette Clark. She died, a copper heiress, with four properties in the New York area — three on Fifth Avenue, sold together with our affiliate Brown Harris Stevens — and one in Connecticut. In addition, we sold a lot of the art in the homes, jewelry and in the most recent auction, the Monet “Water Lilies.” So it came full circle: the art and the real estate together. It was a perfect synergy.

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Montecito's Largest Real Estate Sale of the Year

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Montecito's Largest Real Estate Sale of the Year

 Santa Barbara’s top real estate team, Riskin Associates of Village Properties Realtors, exclusively affiliated with Christie’s International Real Estate, was the listing agent for the highest priced residential sale of 2014 thus far. Commanding a list price of $28,000,000 the approx. 3-acre Fernald Point property included 300+/- feet of sandy beach frontage and coastal views spanning from Carpinteria to the Santa Barbara Harbor. The property closed escrow in late April, marking the beginning of a market pick up in the high end. Luxury real estate markets in major metropolitan areas such as Los Angeles, New York and London have been booming for a few years now. “During that time the high end market in Santa Barbara and Montecito was relatively slow. Recently, we've seen a nice pick up in sales over $7M” says Riskin Associates Partner Dina Landi, “But we still have a lot of inventory.”

The staggering sale on Fernald Point contributes to Riskin Associates’ impressive sales total, so far this year the team has closed over $70 million dollars in luxury real estate transactions. On top of their closed 2014 transactions, the team has a number of additional high-end properties currently in escrow, ranging from $7,950,000 to $14,900,000. This recent shift in the market has the team at their busiest since 2012, when they totaled over $225 million in sales for the year.

Their unique team approach allows Riskin Associates partner’s Rebecca Riskin, Sarah Kelly and Dina Landi to always be available. “During a hot market, working as a team allows us to maintain an unparalleled level of service, with attention to every detail and anticipation of every client’s need" says Rebecca. Clients appreciate the team’s intimate involvement with every aspect of a transaction.

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Summer Fun in Santa Barbara! Downtown Art and Wine Tour

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Summer Fun in Santa Barbara! Downtown Art and Wine Tour

Santa Barbara Downtown Art and Wine Tour
Santa Barbara Downtown Art and Wine Tour

Everyone knows that summer is everyone's favorite season, and in Santa Barbara summer seems to last all year. But come the month of May, a shift can be felt in our fresh coastal air and there is a distinctive feeling that summer fun is about to be kicked into high gear. Summer events seem to happen weekly in Santa Barbara from cultural celebrations such as the Solstice Festival and the Old Spanish Days to beer tasting at the Santa Barbara Zoo's ZooBrew! event and everything in between, there is no shortage of opportunities for casual family fun and upscale socializing.

The long weekend kicks off this Thursday with the annual Downtown Art and Wine Tour. The self-guided tour, which begins at 5:30, invites participants to meander through retailers, galleries and restaurants experiencing the works of local artists, vintners and chefs, on their way to the tour's Final Party at the Santa Barbara Club. Feasting on hors d'oeuvres and sipping wine or beer, party goers will eat, drink and dance the night away in celebration of all that Santa Barbara's Downtown District has to offer.

Tickets are $75 each and can be purchased online, at the Downtown Organization office or at the box office of the Arlington Theater.

Arlington Theatre Box Office 1317 State Street Monday – Saturday: 10am-6pm, Sunday: 10am-4pm (805) 963-4408 (credit card or cash + $2.50 surcharge per ticket)

Downtown Santa Barbara Office 27-B East de la Guerra Street Monday – Friday: 9am-4pm (cash, check, Visa and Master Card)

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Local Showcase: Santa Barbara Artist Lisa Pedersen

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Local Showcase: Santa Barbara Artist Lisa Pedersen

As Santa Barbara's top real estate team for over a decade, Riskin Associates has the pleasure of representing many fabulous clients. Currently, local Santa Barbara artist Lisa Pedersen, happens to be one of them. Pedersen, who lives in a quintessential andalusian estate in Santa Barbara's Riveira, has been an artist her entire life and began painting professionally at the encouragement of friend and fellow painter John Brosio. Living on the Southern California coast offers endless opportunity for inspiration. Using water based oil paint, Lisa paints landscapes, architecture and cityscapes up and down the central coast.

Artist Lisa Pedersen art studio in her Santa Barbara Riviera Estate.
Artist Lisa Pedersen art studio in her Santa Barbara Riviera Estate.

Aside from painting, Lisa indulges her artistic and creative energies through other forms of design. After graduating from USC, Lisa went on to UCLA to study architectural and interior design. Lisa lives in one of her most impressive endeavors. The exceptional residence in Santa Barbara's Riviera is an incredible example of Lisa's finely tuned creativity. Together with her father, Harlan Pedersen and builder Ken Rideout, Lisa restored a magical estate, circa 1939, to perfection.

Lisa's romantic vision, realized in 2004, includes custom designed kitchen tiles designed to emulate those in the historic Santa Barbara Courthouse, rich wood floors and beamed ceilings. Ocean and mountain views have been captured throughout via French doors, Juliette balconies and intimate patios. A jewel among jewels, a fantastic space has been utilized as an inspiring artists' studio. A south-facing ocean view terrace is matched by French doors framing mountain views to the north.

As enchanting as the residence is, the estate grounds are an idyllic complement. Pathways wind through blooming rose gardens, lush lawns and vine-covered pergolas. A bocce ball court, hidden tree house and sensational Mediterranean pool garden await discovery and take thorough enjoyment of Santa Barbara's enviable year round climate.

To experience Lisa's repertoire of work, visit Porch in nearby Carpinteria where an exhibition features Lisa's work throughout the month of May. Riskin Associates Partner joined Pedersen at Porch for the exhibition opening.For further information of Lisa's romantic and enchanting estate, contact Riskin Associates.

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Synopsis: Luxury Consumer Survey

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Synopsis: Luxury Consumer Survey

Realtor.com has released the results of their most recent survey of luxury home buyers, reporting on purchase motivations, amenity priorities and expectations. The numbers are encouraging, with 13% of home buyers looking to buy a luxury home and 26% considering a high-end luxury home. In the niche markets of Santa Barbara and Montecito, properties priced over $1M are considered luxury properties. The report also states that with such a large portion of homebuyers searching for high-end homes, trends in the entire market are being driven by the luxury sector.

A number of factors are motivating luxury homebuyers to make a move, chief among them being recent career success (19%) followed by retirement (17%). Investment and first time home buying were also catalysts to entering the housing market. Challenges homebuyers reported when shopping for a high end home were expected. Challenges included finding a property to meet family needs (40%), a limited inventory (20%) and access to mortgage loans (8%).

Buyers were also questioned on the most desirable amenities and what was the most important features of a home. Chef's kitchens were the most desirable with 54% of homebuyers listing a fabulous kitchen as their top priority. That million dollar view! Second on the list of desired features was a beautiful view (44%) particularly of an ocean, the mountains or cityscapes. Size also matters. Square footage (38%) and a large master suite (36%) also made the list. Resale value was also taken into consideration with 36% of buyers indicating resale value as "very important" and 27% feeling resale value was "extremely important."

For a further breakdown of luxury home buyers and information on homebuyers not looking for luxury real estate, view the full Realtor.com report.

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Six Insights into the Selling Season

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Six Insights into the Selling Season

The weather forecast isn't the only telltale sign that Spring is in full swing here in Santa Barbara. It is 80 degrees and sunny this week and the housing market seems to be equally hot with the unwritten real estate law "Spring is the best time to sell a home" being fully enforced. With so much activity in the market, Riskin Associates would like to educate our clients and readers with some insights into the current state of the market.

This quintessential Santa Barbara home offers the coveted, coastal lifestyle with ocean and mountain views and an enchanting landscape.
This quintessential Santa Barbara home offers the coveted, coastal lifestyle with ocean and mountain views and an enchanting landscape.

Firstly, the long, cold winter is finally over. The Polar Vortex quite literally froze the market and as the East and North East melts back into action, buyers are ready (and more motivated thane ever!) to relocate or purchase second residences in sunny California. Additionally, the rule rings true that spring and summer are THE time of year for real estate transactions. According to Trulia.com, sixty percent of all homes will be bought and sold between May and August in 2014.

Pricing is important. Consider it a bit of a reflection on the obvious, but pricing your property appropriately is still considered one of the chief factors in getting it sold quickly. While we have seen price increases into the double digits over the past year, the first quarter of 2014 did not reflect these increases. Trulia.com suggests closely considering comps of other homes in the area and trusting the expertise of the listing agent. Also, keep recency in mind. For luxury homes, give recently sold comps more weight than older sales. The more recent a sale, the more accurate picture it paints of the current market. A hot market often brings fears of the dreaded bidding war. But fear not, statistics are showing that bidding wars are not as common as they were last year.

Another suggestion for grabbing a quick sale is to list your home earlier rather than later. Many homes will come on the market in late May and early June. Listing your home before the "rush" will give it a chance to shine as a new listing and get the attention and activity it deserves. Have your home ready to market before listing it the MLS and keep it in show condition so short notice requests will be easily accommodated.

Marketing a listing appropriately is key. A good team of agents will offer five star marketing services and will ensure your home is as attractive as possible to the buyers browsing the web for homes for sale. Riskin Associates employs a full time marketing staff. Having this manpower gives the Riskin Associates team the ability to create high-definition showcase videos, pitch listings to a network of public relations connections and design custom marketing strategies for each of their special listings.

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Spring Seller's Season Hits the West Coast

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Spring Seller's Season Hits the West Coast

What does spring bring? Not enough rain, but certainly a flurry of activity in California real estate markets. As we enjoy endless sun and soft spring breezes, (and secretly hope for some more rain to quench our partched soils) we also enjoy what the L.A. Times is calling a Seller's Season here in the Golden State. Discussing Zillow's latest report, the LA Times defines the east coast as a "buyer's market" with many price cuts and lengthy DOMs, and the west coast going to the Seller's with quick transactions, multiple offers, few price reductions and many properties selling at or over asking price. Riskin Associates can attest to this view with regards to Santa Barbara's wealthy yet casual neighbor, Montecito. Despite new listings coming on the market what seems to be daily, inventory is remaining relatively stable as many listings are receiving multiple, very strong offers and opening escrow quickly. Other California markets seeing seller's holding the negotiation power are San Jose and San Francisco. Buyers on the otherhand can do well in the midwest and Northeast, try Cleveland or Philidelphia.

This Spanish Revival Compound overlooks lush grounds and brilliant ocean views.
This Spanish Revival Compound overlooks lush grounds and brilliant ocean views.

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Montecito, California: Niche Market Report

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Montecito, California: Niche Market Report

In recent weeks, the housing market has been at the forefront of the headlines, with major metropolitan markets booming. From London to New York to L.A. the big city areas are experiencing a fantastic upswing in transactions and foreign influences. Niche markets, such as Montecito and Santa Barbara are also experiencing a surge, however the specifics are decidedly unique.

One of the Montecito market's niche characteristics is that many homeowners own multiple residences and spend a portion of their time living or vacationing in their Montecito homes. Many buyers come from within the U.S., many East Coast and Mid-Westerners. Internationally, the U.K. has a firm presence and we do not experience the high influx of Asian, Russian or Canadian buyers that the larger markets are seeing.

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588Freehaven_TwilExt_

In Montecito, over 60% of homes are priced above $1M with the luxury price range starting around $7M. The under $2M price range is robust, many desireable properties receive multiple offers. The mid-range, $3M-7M is also steady with low inventory and a relatively high demand. The luxury market is somewhat slower. Inventory is saturated but we are not seeing the demand. The high-end market is experiencing a shortage in demand, inventory is steady however we are lacking in buyers. Prices are still down from 2007 but have held steady over the last 12 months.

In niche markets, "luxury" or "high-end" properties are often defined differently, with certain amenities demanding a premium. Montecito's unique location, between the foothills of the Santa Ynez Mountains and the Pacific Ocean, provides idyllic coastal views - which high-end buyers covet. Most luxury buyers want an ocean-view, turn-key property with a close-in location. Being within the prestigious Montecito Union School Distict and Montecito's "Golden Quadrangle" is another desirable factor of location, near to The Upper Village shops and restaurants and the world renouned San Ysidro Ranch resort. Picacho Lane, Park Lane and Riven Rock Road are considered first class streets.

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"My Home Is My Castle" Understanding American Real Estate Needs

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"My Home Is My Castle" Understanding American Real Estate Needs

Unique in many ways, American's have a variety of characteristics which set their lifestyle apart from the rest of the world. One of Americans' most distinctive lifestyle choices is their home - no surprise - as Americans covet their personal time and space. Inman News contributor Bernice Ross recently delved into the unique real estate needs of Americans. During her account of the four basic needs of American real estate, Riskin Associates noticed a trend, Montecito real estate easily covers all the bases: safety, privacy, size and retreat. 1. Safety. Americans consider safety one of their top concerns. Safe neighborhoods for children and home security systems are important amenities American's rarely compromise on. Particularly in the luxury real estate market, increased safety precautions and a high-end security system is often the standard and expected among wealthy home buyers.

Protective gates provide privacy to this Montecito estate.
Protective gates provide privacy to this Montecito estate.

 This magnificent French Chateau is set behind it's own private entry gates. Before arriving at the gates of the Chateau, visitors to lavish the entertainer's estate must identify themselves at the Birnam Wood Country Club's manned community gates.

Offered at $13,900,000.

State-of-the-art home secuirty systems protect this fabulous Italian Villa in Montecito.
State-of-the-art home secuirty systems protect this fabulous Italian Villa in Montecito.

Surrounded by protective gates, this newer Italian villa boasts a state-of-the-art home security system. For security reasons (natch), we can't disclose the brand or extensive features of the system. Offered at $17,750,000.

2. "Top of the Heap." Hilltop properties are often valued higher than low-lying properties becaues being higher up exudes a "powerful" facade. Also, having extended visibility (apart from providing a stunning view) often allows people to feel increased safety. These two Montecito properties provide that extended hilltop advantage (and that million-dollar view).

A hill top view provides this Montecito estate a stunning ocean view.
A hill top view provides this Montecito estate a stunning ocean view.

The incredible ocean-view may be the most obvious advantage of this hill top estate, but the safety and privacy advantages are also (almost) priceless. Offered at $9,875,000

A rustic hill-top retreat
A rustic hill-top retreat

Surrounded by 5+ private, hill-top acres, this luxurious rustic retreat's location affords a view as far as the eye can see.

Offered at $6,495,000.

Supersize. Another point of rare surprise: Americans' belief in "bigger is better" translates to their property as well. Whenever possible, Americans prefer bigger homes, bigger cars and bigger televisions. You name it, Americans would supersize it. The following properties are just plain big.

An expansive French Provincial estate in Montecito with ocean and mountain views.
An expansive French Provincial estate in Montecito with ocean and mountain views.

On over nine lush and private acres, there is nothing miniscule about this coveted Montecito estate. An approximately 12,000sf main residence overlooks expansive lawns, gardens and a private lake. Offered at $27,000,000.

AN expansive equestrian property in Santa Barbara
AN expansive equestrian property in Santa Barbara

This approx. 13 acre equestrian property features multiple guest structures, horse facilities, tennis court and two pools.

Offered at $18,200,000.

4. "My home is my castle." Americans covet their personal time and their privacy and view their home as their retreat from the stresses of daily life. A home in a quiet, tranquil setting is often a major priority for Americans. These two properties embody the stress-free living Americans strive toward.

Enchanting gardens and a tranquil location in Montectio.
Enchanting gardens and a tranquil location in Montectio.

This magical English Manor's private location is renowned in Montecito to be tranquil and quiet. Serene ocean views and enchanting gardens define the estate's placid aura. Offered at $7,995,000.

A tranquil zen garden surrounds this Montecito home.
A tranquil zen garden surrounds this Montecito home.

Zen gardens and trickling fountains surround this chic contemporary home near Montecito's Lower Village. While the location is desireably close to luxurious shops, restaurants, hotels and beaches, the floor plan allows for California-style indoor/outdoor entertaining and living. Ocean vistas and tranquil grounds create the ideal retreat from hectic daily life. Offered at $5,495,000.

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Curb Appeal is the Real Deal

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Curb Appeal is the Real Deal

Spring is just around the corner, as the season has gotten itself a reputation for being a great time to sell your home, many homeowners like to know where their home improvement investment should be spent. According to an article  by Realtor.com, exterior improvements are going to yeild the highest returns. The article references the 2014 Remodelings Costs vs. Value report, which compares the average costs of the 35 most popular home improvement projects.

Investment return on home improvement
Investment return on home improvement

For 2014, eight of the top ten most popular improvements were exterior upgrades. Exterior appeal is often the most important factor in a buyer's opinion of a property as first impressions are known to have a heavy influence on overall feelings. To view the highest investment returns in Montecito's neighboring Ventura County, click here. Below, enjoy three Montecito estates with incredible curb appeal.

A Montecito estate listed by Riskin Associates
A Montecito estate listed by Riskin Associates

A meandering drive introduces this historic Montecito estate. A sprawling lawn and majestic oaks are the ideal complement to the home's stunning, traditional facade.

For additional information on this Montecito estate, click here.

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610CimaVista_Exterior

This ocean-view Tuscan villa's motor court gives an impressive first impression, just a hint of the sumptuous interiors awaiting inside.

To see more of this designer residence, click here.

Rustic ocean-view home in Carpinteria
Rustic ocean-view home in Carpinteria

A rustic beauty in the ocean-view hills of Carpinteria, this compound has been featured in Architectural Digest.

To see inside the estate, click here.

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