Perched on its own hilltop, like the one-of-a-kind property it is, an ultra-private Santa Barbara estate of great prestige potentially awaits a billionaire buyer. With its 11 acre lot, expansive interiors, and unmatched views, there’s a reason this property has a steep asking price of $88 million.
For a long time, the property was home to the late John and Betty Stephens, founder and CEO of Jonny Cat Litter, respectively. Here, they hosted lavish charity events over the years with guests like Representative Nancy Pelosi and former presidents Bill Clinton and Jimmy Carter, it’s no wonder the space has been so well-maintained. The couple’s daughter, Joi Stephens, became the oceanfront estate’s owner following both of her parents’ deaths.
Built back in 1961, the estate’s midcentury home holds all the classic features of SoCal living. Sat in the esteemed Hope Ranch, it shows off terracotta roofs and stucco exteriors, channeling the Spanish-style flair seen all across the area. Currently, a single-story house spans 7,265 square feet, providing more than enough space for those luxurious parties, but also for winding down at the end of the night. Updated for modern living, there’s a seamless flow between the inside and out. On the vibrant grounds, a pool, private equestrian trails, and views for miles make a dreamy backdrop for enjoying the coast.
If this structure doesn’t suffice, the listing claims there is room for a 20,000-square-foot main house and two 7,500-square-foot guest houses on the property. For now, however, the sole house offers four bedrooms and six bathrooms. That was clearly enough space for the Stephens family and the multiple cats they always kept, per the Wall Street Journal.
Only minutes away from downtown Santa Barbara, look to Sam Palmer of The Agency for the spectacular listing.
