1260 Channel Drive Montecito CA 93108, Montecito, CA

This exceptional investment opportunity features a renowned five-star hotel nestled on 22 lush acres in Montecito, California. Situated between the Pacific Ocean and the Santa Ynez Mountains, this iconic property boasts a prime location on the American Riviera. Designed in the 1920s by Reginald Johnson, the resort masterfully blends Mediterranean Revival, Spanish Colonial Revival, and Moorish Revival architectural styles. Currently holding the highest room rates in Montecito, starting at $2,500 per night, the property offers unparalleled luxury and exclusivity. Amenities include private access to Butterfly Beach and the Coral Casino Beach and Cabana Club (private members only), an award-winning spa, a swimming pool, tennis and pickleball courts, and proximity to top-rated golf courses. With a total rentable area of 17 square feet, this property presents a unique opportunity for discerning investors seeking a high-end hospitality asset in a highly desirable location. The property's exceptional reputation and luxurious offerings position it for continued success and significant returns. This historic landmark with Mediterranean Revival architecture has been recently renovated. It has a five-star Forbes rating and includes private beach access and luxury amenities.