Luxury Montecito Home Hits Market for $10.7 Million, Nearly Tripling Since Last Sale in 2011

A luxury estate in Montecito has returned to the market with a $10.7 million asking price, marking a nearly 260% jump since it last changed hands almost 15 years ago.

Located at 965 Park Lane, the four-bedroom, 3.5-bathroom residence sits on more than 5 acres of secluded and landscaped land above Montecito, according to a listing on Realtor.

Originally built in 1989, the property offers panoramic views from Point Mugu to Campus Point, encompassing the coastline, harbor, city lights, and the Santa Ynez Mountains…

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