This is an amazing opportunity to create a unique footprint by building a dream home in the coveted Montecito enclave. This approximately 3.34 acre parcel is tucked away off the street down a lane. Its rural location includes a flat, park-like setting with an abundance of palms and olives. It’s a great way to encapsulate nature with sprawling vegetation and expansive mountain views. Although it feels like you’re in your own world, you’re just minutes away from the heart of everything that Montecito has to offer including the upper & lower villages. This property is located in the Cold Spring School District. There is sewer available to service the property, but not currently connected. There is also a water meter on the property serviced by Montecito Water. This is a bank sale, no court confirmation is required. An exceptional rare estate. Call for all offers is due Nov. 1, 2012. Please submit your highest & best offers.