luxury apartments / penthouses for sale Montecito, United States

Welcome to effortless coastal living in El Escorial, one of Santa Barbara's most sought-after communities. Perfectly positioned just one block from East Beach, this beautifully maintained ground-floor end unit offers the ideal combination of privacy, convenience, and the quintessential Santa Barbara lifestyle. Offered for the first time in nearly 30 years, this lovingly cared-for two-bedroom, two-bath residence has been thoughtfully maintained by its original owners. Rich hardwood flooring, a functional single-level layout, and abundant natural light create a warm and inviting atmosphere. The desirable south-facing patio provides a sunny outdoor retreat for morning coffee, afternoon reading, or dining al fresco, while the end-unit location offers added privacy and easy access within the community. Beyond your front door, enjoy resort-style amenities including a pool, spa, tennis courts, fitness center, clubhouse, and beautifully landscaped grounds—all within the security of a gated community. The location is truly exceptional. Stroll to East Beach for sunrise walks, hop on the Cabrillo Bike Path for miles of scenic coastline, or spend the day exploring nearby Chase Palm Park, the Santa Barbara Zoo, the Funk Zone, Stearns Wharf, and the vibrant restaurants, cafés, and shops that define Santa Barbara's coveted beachside lifestyle. Whether you're searching for a full-time residence, a lock-and-leave second home, or the perfect place to downsize without compromise, this rare El Escorial offering delivers comfort, convenience, and an unbeatable coastal setting.

Upper East meets Lower Riviera! This ground level condo on a peaceful cul-de-sac enjoys a garden courtyard setting. Classy upgrades from the crown moulding to the Brazilian chestnut hardwood & travertine tile floors - all done with a discerning eye. Plantation shutters accent the Milgard windows throughout this bright corner hideaway in a highly desirable neighborhood; near downtown Santa Barbara Arts District, Riviera Theatre, Old Mission & Rose Garden, Rocky Nook Park & Roosevelt School. Convenience & comfort abound for full-time residency, second home or vacations to enjoy al fresco dining on the inviting covered porch, or private garden patio off Main suite. All top-line appliances; Miele, Electrolux washer, dryer, & built-in wine cooler. Secure parking in common garage & 1 uncovered.

Compelling investment opportunity in the heart of downtown Carpinteria—one of the South Coast’s most supply-constrained and high-demand rental markets. This income-producing property consists of a 3-bedroom, 2-bath single-family residence in the front, plus three rear units, each configured as 1 bedroom, 1 bath with private garages below. The unit mix provides diversified income streams with strong tenant appeal, while the central downtown location—just blocks from shops, dining, and the beach—supports long-term rental stability and premium rents. The property has currently undergone exterior and interior improvements, including a fresh, market-aligned paint scheme to enhance curb appeal and maximize tenant and buyer interest upon launch. With limited multi-unit inventory in Carpinteria, this asset presents both immediate income potential and long-term upside through rental increases and operational optimization. Based on current and projected rents, investors have the opportunity to achieve a competitive cap rate for a coastal California asset, with additional value-add potential. This is a rare opportunity to acquire a well-located, multi-unit property in a highly desirable coastal community with strong fundamentals and enduring demand.