Updated Nov 13, 2023
Fashion Mogul Jeff Abrams Acquires Historic El Mirador Estate In Montecito For $15.4M
$15,400,000
$1,834/SF
Building Size
8,397 SF
Asset Type
Single Family Residence
Closing
Jun 20, 2023
About this deal
AI
Fashion mogul Jeff Abrams has purchased the historic El Mirador estate in Montecito for $15.4 million. The gated five-bedroom house spans 8,400 square feet and offers luxurious amenities such as a water feature, fire-pit, and picturesque outdoor spaces with mountain and ocean views.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,400,000
- Property Address: 805 Ayala Lane
- Market: Montecito
- Asset Type: Single Family
- Acres: 12
Jeff Abrams added to his neighboring properties with the purchase of the El Mirador estate. The deal was closed on June 20, 2023, and the property was sold for $15.4 million. The estate offers luxurious amenities and stunning views of the mountains and ocean.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $15.4M for 8,397 square feet (2023).
Browse California single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93