Exquisite newly constructed estate ($16,800,000) on three acres in the heart of Montecito. Behind the old world gates with an approach which meanders though a majestic oak grove to a tranquil level site is this timeless new estate. The main residence will be 12000 square feet featuring old world charm blended with every modern convenience for gracious living. Amenities include seven bedrooms, 12 baths, pool, cabana and gate house, screening room, and a large loggia for entertaining. The property, which has both mountain and ocean views, has a private water well. The home’s designer is well known for luxury estates and has had his work featured in Architectural Digest. Completion fall 2010.