VillaPelican

Villa Pelican, Estate of the Day

Filed under: Estates

Today's estate in pricey Montecito, California could actually, even at the high price of $18.8 million practically be considered a deal. After all this beachside home was once listed at $34 million (I also spotted an old listing for $24.75 million). The home has views of the Santa Barbara coastline, mountains and Channel islands all from the privacy of a gated enclave. The property has a historic renovated Monterey Colonial main house with eight bedrooms and a three-car garage as well as a beach cabana, guest house and a fenced in beach area. A second parcel is also available for an additional cost and is home to a pool, patios, fountains and has permits for building a new four bedroom home. The main home is an odd mix, for the most part it has the casual look of a beach house but some rooms have a more formal and luxurious look. You can't beat the location, Fernald Cove is one of the most desired areas in this celebrity-filled town.

Gallery: Villa Pelican