Reaching the nearly ridiculous level of luxury that the Hope Ranch area in Santa Barbara is famous for, Terra Bella is a huge nearly 14,000 square foot mansion with an ideal location with ocean views. The gated ten-bedroom home aspires to a Tuscan fantasy of Italian architecture on a grand scale. Details include Venetian plaster walls, fresco finishes, hardwood marquetry floors, stone, marble and mosaic tile floors. Too much? Oh definitely, but such gorgeous excess. The land also includes a small vineyard, a vegetable garden, and a children's play area. It joins the ranks of the highest listings in the region with a price of $39.5 million. After the jump, welcome to fantasy land.

UPDATE: Two years later and no one has bought this home. It can now be had for $15.75 million.