Designed by renowned architect Lutah Maria Riggs, the 1958 Erdman House at 495 Valley Club Road is on four knoll-top acres in prime Montecito. The 8,743-square-foot main house has clean, beautiful lines, with three bedrooms, four bathrooms, and two half baths stretching out gracefully around a central courtyard—and Riggs’s use of shakkei, as the Japanese call “borrowed scenery,” is evident in almost every room. Elsewhere you’ll find a pool house guest suite, a workshop, four garages, and four carports.
The courtyard looks to the rectangular swimming pool and up to the mountains through stands of pine and eucalyptus trees.
Gated and private, the property transports one back in time, with space to breathe and enjoy, wander and explore.
This is a once-in-a-lifetime opportunity to be the next steward of this legacy Montecito estate. The asking price is $7.5 million.
For more information on 495 Valley Club Road, or to see it in person, contact Susan Pate of Compass (s[email protected], 805-895-9385) or Jeff Oien of Village Properties (j[email protected], 805-895-2944).
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Sponsored by Susan Pate of Compass (DRE #01130349) and Jeff Oien of Village Properties (DRE #00852118).
Recent Comments
Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD
Exactly, Christian. Very well said. This project is needed, right now. — Gail
This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail
Bottom line: there is an established process for these types of transactions that is designed to make sure the community residents get the best deal… — SBradley
I think development is just such a different animal. I've worked a little bit with very experienced developers. People who ONLY do RE development. They… — John
John: I think we should keep in mind that Yardi is a software company that sells software *and data* for *real estate property management*. The… — SBradley
Though Yardi is a commercial software developer, real development is much riskier. That business has moats, history, customer lock in and competitive advantages. Redevelopment and… — John
You should remember that where you're sitting right now used to be a tree, a field, or open land at some point. You benefit every… — Tony Machado
It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley
Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ