Rare 1.26-Acre Lot in Montecito's Lower Village Up for Sale

The property offers endless possibilities just moments from the beach and the best of the Lower & Upper Village.

Published on Mar. 9, 2026

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A rare 1.26-acre flat lot in the heart of Montecito's coveted Lower Village area has hit the market, providing an exceptional opportunity to build a custom estate or compound. The property is ideally situated just a short stroll from Coast Village Road, the Rosewood Miramar Hotel, and the beach, offering effortless access to renowned restaurants, boutique shopping, and the vibrant coastal atmosphere that defines Montecito living.

Why it matters

Vacant land of this size and proximity to the heart of Montecito's Lower Village is an extremely rare find, as the area is known for its exclusivity and high-end real estate. The new owner will have the opportunity to create a one-of-a-kind property that takes full advantage of the prime location and lifestyle amenities.

The details

The 1.26-acre parcel is a flat lot, providing an ideal canvas for a custom residence or compound. The property is located just a short walk from Coast Village Road, the Rosewood Miramar Hotel, and the beach, offering easy access to the area's renowned restaurants, boutique shopping, and vibrant coastal atmosphere.

  • The property was listed for sale on March 9, 2026.

The players

275 Olive Mill Road

A 1.26-acre vacant lot located in the heart of Montecito's coveted Lower Village area.

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What’s next

The property is currently listed for sale with an asking price of $4,450,000.

The takeaway

This rare opportunity to acquire a sizable parcel of land in Montecito's exclusive Lower Village highlights the continued demand for high-end real estate in the area, as well as the limited supply of developable land in this sought-after community.