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An incredible opportunity to build the ultimate dream estate with magnificent ocean, coastal, and mountain views. This lot has it all! This premier 5+ acre parcel is ideally situated within the privately gated Montecito Ranch enclave. The parcel offers beautiful ocean views & a dramatic backdrop of the Santa Ynez mountains. Approved plans for a stunning Mediterranean home (7,818 sq. ft.) 5 bedrooms and 5.5 bathrooms complete with a 775 sq. ft. guest house, infinity pool, and tennis court are included. Location is conveniently situated near the Polo Club. Padaro Beach Lane, and horseback riding trails. Utilities are on-site and reports are available. Contact Tracy Simerly 805-550-8669 for more information.