Solana, a prestigious 11.2-acre estate atop the sloping hills of Montecito, just hit the market asking $40 million. Not far away, Rob Lowe’s Montecito home is up for sale for a pricier $47 million, but doesn’t offer near the space or historic significance that this property does. Natural and man-made elements are of equal value at Solana. Built in 1914 by Santa Barbara legend Frederick Forrest Peabody and designed by Francis T. Underhill, the 22,000-square-foot mansion is as awe-inspiring as the 360-degree ocean and valley views.Perhaps it’s effortless blend of grandeur, luxury and tranquility is the reason it was used as an American think tank from 1958 to 1978. Some of the country’s most influential figures, including John F. Kennedy and Martin Luther King Jr., gathered there at various times to discuss policy and current affairs.While it’s role in American history is a huge selling point, the 7-bedroom, 20-bathroom structure’s recent three-year restoration is also noteworthy. The listing asserts that the extensive renovation “preserved its historical integrity while infusing the property with the refined details and world-class amenities of a modern-day masterpiece.”A new owner will be able to stop and smell the roses throughout the lovely grounds since there are 500 rose bushes. Fruit trees also grace the landscape as well as a pool, turtle pond, and limestone pergola.A real estate dream team at The Agency has the 256 Eucalyptus Hill Drive listing. Contact Mauricio Umansky, Santiago Arana, or Stefan Pommepuy if you’re interested in owning this one-of-a-kind residence.
