Joi Stephens Lists Family Estate In Santa Barbara For $88M With The Agency

Betty Jo Stephens, known for her community involvement in Santa Barbara following her husband's passing in 1996, left a significant mark on the affluent Hope Ranch enclave. She took over as CEO of Excel Mineral, succeeding her partner John Stephens, renowned for creating the Jonny Cat litter brand.

The Iconic Property

The Stephens family's residence, originally purchased in 1957, is now on the market for the first time in over fifty years, listed at $88 million. Situated on 11 acres of land with sweeping ocean, canyon, and mountain views, the property boasts a 7,500-square-foot house with four bedrooms and five baths.

An Opportunity for Expansion

Marketed by The Agency, the property presents an opportunity for the creation of an unparalleled estate. With plans for a grand 20,000-square-foot main house and two 7,500-square-foot guesthouses, it offers vast potential for customization.

Features and Amenities

The existing home features a koi pond, motorcourt, and two-car garage. Indoors, highlights include a spacious living room with French doors opening to a terrace, a chandelier-lit dining room, and an ocean-facing master suite. Outdoors, the grounds feature an observation deck, pool, spa, and open-air cabana.

Moving Forward

Currently owned by the couple's daughter, Joi Stephens, the property is managed by Joi and her husband, Frank Kominski. Despite receiving multiple offers, they've decided to sell as they plan to relocate due to business expansion, dividing their time between Hope Ranch, Palm Beach, and Boston.