Nestled within the prestigious enclave of Hope Ranch, 4230 Cresta Ave stands as a testament to unrivaled luxury and architectural elegance. Priced at $40,000,000, this Mediterranean coastal villa redefines upscale living with sweeping ocean and island views, world-class amenities, and private beach access—an offering rare even in Santa Barbara Real Estate market.
A Masterpiece of Design and Functionality
Built in 2012, this Santa Barbara Home features 5 bedrooms and 6 bathrooms, sprawling across 4.8 meticulously landscaped acres. The residence features four ocean-view bedroom suites, including a main-floor primary suite designed for serene coastal relaxation. A versatile den doubles as a fifth bedroom, perfect for guests or additional family members. Complementing the main residence is a one-bedroom guest house, a pool house, a state-of-the-art wine cellar, an executive office, and a spacious six-car garage.
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“This Home in Santa Barbara truly encapsulates the essence of Santa Barbara living,” says Nancy L Kogevinas of Berkshire Hathaway HomeServices California Real Estate. “Every detail, from the panoramic views to the exquisite gardens, has been crafted to offer an unparalleled lifestyle.”
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SEE MORE: Luxury Mountain Retreat in Truckee Blends Contemporary Design with Nature’s Beauty Listed at $7.48 Million
Historical Sales Timeline of The Santa Barbara Home
The estate’s journey through Santa Barbara Real Estate market reflects its growing allure. Originally sold in 2004 for $5,035,000, the property saw a significant appreciation, fetching $13,600,000 in 2018. Now listed at $40,000,000 as of February 2025, this villa underscores the escalating demand for luxury homes in Hope Ranch.
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“The value growth of this Santa Barbara Home is a testament to the increasing desirability of Hope Ranch,” notes Anderson Hurst Associates, co-listing agent. “It’s not just a home; it’s a sanctuary.”
SEE MORE: A Modernist Masterpiece in Beverly Hills Hits the Market for $21.995 Million
Lifestyle and Community
Beyond the home itself, residents enjoy private beach access and miles of equestrian trails unique to Hope Ranch. The estate’s proximity to the prestigious La Cumbre Golf & Tennis Club ensures that world-class recreation is just moments away. Santa Barbara’s vibrant downtown, known for its boutique shopping, fine dining, and cultural experiences, is a short drive away, offering the perfect blend of seclusion and accessibility.
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According to Luxury Houses Magazine, “This property exemplifies the pinnacle of coastal elegance, blending Mediterranean charm with the tranquility of Hope Ranch’s natural beauty.” The identity of the current owner remains undisclosed, but sources indicate it belongs to a prominent entrepreneur who transformed the estate into a personal haven.
Homes of this caliber rarely grace the market. “Opportunities like this are fleeting,” says Kogevinas. “For discerning buyers seeking both luxury and privacy, this estate represents an unmatched investment.”
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