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Perched high within the prestigious enclave of Spyglass Hill, 55 Montecito presents a rare opportunity to experience sweeping panoramic views that stretch across the Pacific Ocean, Catalina Island, Newport Harbor, sparkling city lights, unforgettable sunsets, and seasonal fireworks. Behind private gates, this exceptional estate offers resort-inspired living in one of Corona del Mar's most coveted neighborhoods. A lush tropical setting welcomes you home with mature landscaping, cascading waterfalls, a sparkling pool and spa, generous outdoor entertaining spaces, and an additional private spa and fire pit overlooking the spectacular backdrop. Inside, a dramatic two-story foyer, soaring ceilings, sweeping staircase, and walls of French doors create a grand first impression while seamlessly connecting the elegant interiors with the breathtaking outdoor setting. Designed for both everyday comfort and effortless entertaining, the expansive floor plan offers five bedrooms, five-and-one-half bathrooms, and multiple flexible living spaces. Upstairs, the spacious primary suite captures magnificent ocean and harbor views from its private balcony and is complemented by a secondary en-suite bedroom and an expansive den, each enhanced by fireplaces and access to viewing balconies. The main level features an additional en-suite bedroom with patio access, two secondary bedrooms—including one with a private entrance and en-suite bath—a library, large laundry room, powder bath, and a versatile bonus room ideal for a gym, media room, or playroom. The chef's kitchen is equipped with Sub-Zero refrigeration, quality appliances, abundant custom cabinetry, and a generous breakfast bar that opens to the inviting family room with fireplace and casual dining area—all positioned to enjoy the remarkable views. Formal living and dining rooms provide elegant spaces for entertaining, complete with a fireplace, built-in bar, and seamless indoor-outdoor flow. While the residence presents an opportunity for thoughtful updating, its exceptional setting, generous scale, timeless architecture, and truly unmatched panoramic views create an extraordinary canvas for those seeking one of Spyglass Hill's premier locations. Properties offering this combination of privacy, views, and potential are exceptionally rare, making 55 Montecito an outstanding opportunity to reimagine a remarkable coastal estate.
Listing agent: John Russell DRE #01512593 john.russell@pacificsir.com, Listing office: Pacific Sotheby's Int'l Realty
MLS data updated 10/16/2026, 10:18:46 PM PT
Source: CRMLS, MLS #: OC26168723
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 9, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$7,500,000Asking price recorded · Sep 9, 2026ZIP 92625 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.