663 Lilac Drive
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%.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Listed by Berkshire Hathaway HomeServices California Properties | $10,500,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
| Jul 14, 2025 | Listed | $10,900,000 | |
| Listed | |||
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Welcome to Lilac Manor, a stately Cape Cod home nestled on Montecito's most coveted street. This magnificent estate is set on 2.04 acres of fertile soils with private walking trails, a dry rock creek, and incredibly well-maintained gardens filled with mature trees and rare plants that bloom year-round. Step across the motor court into the grand foyer with inlay hardwood floor, you will be greeted by an elegant living room with breathtaking views of the manicured grounds to the ocean and islands beyond. The living room offers soaring double height ceilings surrounded by a library on the upper level for cozy lounging or quiet reading. Oversized French windows and doors perfectly frame the tranquil gardens, offer an abundance of natural light, and provide a seamless flow to the covered porches outside. The well-appointed floor plan offers grand-scale public rooms, with handcrafted millwork and stunning red oak floors throughout. The open kitchen is equipped with top-of-the-line appliances, including a double-wide Gaggenau fridge/freezer, a huge center island with natural quartzite countertop, and overhead skylights. It opens directly to the formal dining room and family room - perfect for entertaining. The primary suite occupies an entire wing on the second floor and is outfitted with a beautiful sitting area with fireplace and private ocean-view balcony, a dressing room with wet bar, and dual walk-in closets and bathrooms. Two additional ground floor bedroom suites and a lower-level office/recreational area complete the main residence. Outside, the verdant gardens boast a variety of amenities and luxuries, including a charming storybook one-bedroom cottage, and a studio apartment above the garage with private driveway. Additional outdoor amenities include a sparkling crescent-shaped pool with built-in spa, entertainment decks, and an outdoor kitchen under a wisteria-covered dining pergola. Meandering paths lead you through lush plantings and tree canopies to the lower level with a tree house, vegetable bed, secret garden in the woods, and the dry creek. Hidden from the road behind mature vegetation, Lilac Manor's privacy is assured with three gated entries and its location on a peaceful lane tucked away in Montecito. Conveniently situated near Montecito Upper Village shops, restaurants, and Birnam Wood Golf Club, this estate offers serenity with breathtaking ocean vistas and is a true garden lover's paradise.
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| Jun 4, 2025 | Price Decreased |
$11,800,000
↓ $700K
(5.6%) | |
| Price Decreased | |||
| Jan 6, 2025 | Listed | $12,500,000 | |
| Listed | |||
| | |||
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Welcome to Lilac Manor, a stately Cape Cod home nestled on Montecito's most coveted street. This magnificent estate is set on 2.04 acres of fertile soils with private walking trails, a dry rock creek, & incredibly well-maintained gardens filled with mature trees & rare plants that bloom year round. Step across the motor court into the grand foyer with inlay hardwood floor, you will be greeted by an elegant living room with breathtaking views of the manicured grounds to the ocean & islands beyond. The living room offers soaring double height ceilings surrounded by a library on the upper level for cozy lounging or quiet reading. Oversized french windows & doors perfectly frame the tranquil gardens, offer an abundance of natural light, & provide a seamless flow to the covered porches outside The well-appointed floor plan offers grand-scale public rooms, with handcrafted millwork and stunning red oak floors throughout. The open kitchen is equipped with top-of-the-line appliances, including a double-wide Gaggenau fridge/freezer, a huge center island with natural quartzite countertop, and overhead skylights. It opens directly to the formal dining room and family room - perfect for entertaining. The primary suite occupies an entire wing on the second floor, and is outfitted with a beautiful sitting area with fireplace and private ocean-view balcony, a dressing room with wet bar, and dual walk-in closets and bathrooms. Two additional ground floor bedroom suites and a lower level office/recreational area complete the main residence.Outside, the verdant gardens boast a variety of amenities and luxuries, including a charming storybook one-bedroom cottage, and a studio apartment above the garage with private driveway. Additional outdoor amenities include a sparkling crescent-shaped pool with built-in spa, entertainment decks, and an outdoor kitchen under a wisteria-covered dining pergola. Meandering paths lead you through lush plantings and tree canopies to the lower-level with a tree house, vegetable bed, secret garden in the woods, and the dry creek.Hidden from the road behind mature vegetation, Lilac Manor's privacy is assured with three gated entries and its location on a peaceful lane tucked away in Montecito. Conveniently situated near Montecito Upper Village shops, restaurants, and Birnam Wood Golf Club, this estate offers serenity with breathtaking ocean vistas and is a true garden lover's paradise.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017