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The property at 511 Las Fuentes Drive at Birnam Wood Golf Club in Montecito was listed by Compass for $5.2 million.
From the summer issue: Montecito has a well-established reputation as one of Santa Barbara County’s glitziest celebrity enclaves. Oprah Winfrey, Jeff Bridges, Natalie Portman and serial home buyers Ellen DeGeneres and Portia Rossi are just some of the famous people who have property there. The area’s quiet streets, sprawling estates and relatively small population (about 9,000 people over a 9.2-square-mile area, according to the most recent Census data) provide plenty of attractive draws for potential home buyers. But local experts say that some indicators point toward an impending downshift in the residential market.
