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Located on an original site of the streets namesake Dr. Charles Caldwell Park originally built in 1928, a rare opportunity awaits to purchase 789 Park Lane, Montecito, 93108. An extraordinary opportunity where the meeting of prestigious and coveted Park Lane and East Mountain Drive. As you turn this site into this surreal slice of heaven. Listen to the birds chirp and pass by horses in the distance meandering in the large pasture across the roadway. This property upon completion will feel as though you live in your own 2 acre park with mature oaks, privacy hedges, olive grove and sustainable gardens. Designed by the renowned architect Britt Jewett AIA this brand new Spanish Revival Colonial 5BR, 5BA main house PLUS media room, study, gym, wraparound outdoor verandas, terraces, casita and roof deck with Ocean Views is a masterpiece in the making. Additional amenities; the swimmers pool, fountains, 7-car garage and guest house. Located within the most sought after Montecito Union School District. OFFERS DEADLINE FRIDAY MARCH 14 5PM.
Listing agent: Lisa Sorrentino DRE #00974656 teamsorrentino@gmail.com, Listing office: Rodeo Realty
MLS data updated 10/25/2026, 8:52:48 AM PT
Source: CRMLS, MLS #: 25507964
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 4, 2025
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
$6,000,000Closed sale · Apr 4, 2025ZIP 93108 · Apr 2025
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.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.