A single-family residence (SFR) in Montecito has been sold for a staggering price of $32,300,000. The property spans over 18,302 square feet and was sold at an average price per square foot of $1,764. The transaction took place on January 8, 2021.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $32,300,000

The buyer of this lavish property is none other than John Riccitiello. On the selling side, Frank J. Caufield, a representative from Kleiner Perkins, facilitated the transaction. The deal was made possible by the collaborative efforts of several brokers, including Dusty Baker, Eric Lavey, and Michael Dreyfus from Sotheby's International Realty, as well as Nancy Kogevinas from Berkshire Hathaway HomeServices.

This significant sale in Montecito showcases the remarkable properties available in the area. With its impressive square footage and hefty price tag, it is a testament to the luxury that can be found in this sought-after market.