2720 Montecito Ranch Place
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Listed by The Oppenheim Group, Inc. | $16,995,000 | |
| Listed by The Oppenheim Group, Inc. | |||
| Jun 5, 2025 | Listed | $22,950,000 | |
| Listed | |||
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Welcome to Montecito Ranch Estates! Nestled in an exclusive gated hamlet, this peaceful coastal escape blends huge ocean/mtn views, refined interiors, effortless indoor-outdoor living and a coveted knolltop location. The single-level home features floor-to-ceiling doors, dual kitchen islands and light-filled living spaces. A spacious primary suite offers garden access, a spa-like bath and an epic closet. Outside, lush gardens, multiple patios, a pool and cabana create a resort-style setting. Designed with privacy and security in mind, and located outside the high-fire zone, from here you are 7 minutes from Montecito's Lower Village, Lucky's and the Coral Casino. This rare combination of luxe construction, breathtaking views and a coveted location, is the trifecta you've been waiting for.
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| Dec 26, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017