Midcentury Beachfront House in Exclusive Montecito, California, Lists for $25 Million – Mansion Global

A gated and fully remodeled beachfront house in the exclusive coastal community of Montecito, California, hit the market on Wednesday for $25 million.

The 3,813-square-foot, three-bedroom house overlooks Butterfly Beach, with 101 feet of beach frontage and panoramic views of the ocean and Channel Island.

The one-story 1956 home faces south and has been extensively remodeled and completely updated, said listing agent Tim Smith of the Smith Group, Coldwell Banker Residential Brokerage. Everything is newthe house has been completely redone, he said.

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The owner of the Santa Barbara County home is Hadi Makarechian, a real estate developer and philanthropist and a member of the governing board of the University of California. Mr. Makarachian owns several properties and is selling his beach house with plans to build an equestrian estate on a large-acreage property he already owns in Santa Barbara, Mr. Smith said.

Hes just not spending as much time at the house, Mr. Smith said. Mr. Makarachian was not immediately available for comment.

Inventory of luxury homes in coastal southern California is down 40% over the last eight weeks, Mr. Smith said, and the owner thought it was a good time to put the home on the market. Were not seeing many other options that are modern like this one.

Amenities include a vanishing-edge pool, large terraces with multiple seating areas and a heated loggia. A private rear patio features an outdoor kitchen and a fireplace with a pizza oven, according to the listing. In all, there is nearly 6,000 square feet of living, finished or covered space on a 26,000-square-foot lot.

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It feels like there is no transition from indoor to outdoor in this house, he said. Its almost like being in Hawaii.

Interior design features include high ceilings, frameless fold-away glass doors, high-end stone floors, whole-house audio, video surveillance, automated shades and a subterranean media room. The living room fireplace has a backlit surround made of book-matched onyx.

The master suite features a private office, a seating area with built-ins, a spa-caliber bathroom and ocean views throughout.

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Midcentury Beachfront House in Exclusive Montecito, California, Lists for $25 Million - Mansion Global