Former olive mill in Montecito, Calif. Seeks $ 8.5 million deal

In recent years, the coastal enclave of Montecito in Southern California has drawn its fame from its many famous residents. Rob lowe. Oprah. Meghan and Harry.

But a new announcement from Maureen McDermut and Maureen Martinez of Sotheby’s International Realty sheds light on one of the city’s lesser-known attributes: its olive-rich past.

In 1893, the Gould brothers arrived in Montecito with the intention of producing pure olive oil. They planted olive trees all along the coast, on what is now called Olive Mill Road.

Now their olive mill on an acre of land is listed for $ 8.5 million. After the mill closed in 1905, having produced olive oil, olive oil soap and olive oil candies, it was converted into a single-family estate. It is one of the most historic houses in Montecito and is commonly referred to as “El Molino” (in Spanish for “the mill”).

In a city with a median list price of $ 5.8 million, this six-bedroom home stands out. Exposed wooden beams and original stone walls are just two notable original architectural details. Updates abound, bringing this period residence into the 21st century.

Perfect for overnight guests, an adjoining guest suite has its own entrance, fireplace, kitchenette and bathroom. A long-time tenant currently occupies the guest suite, which is also accessible on the second floor of the main house.

“All the rooms are huge and with high ceilings,” says Martinez, noting that most homes in Montecito have high ceilings on the ground floor only. An attic has been converted into a living space which includes an activity room.

Eating out is child’s play, thanks to two outdoor spaces. Plenty of gardening space will appeal to green thumbs. A walk-in closet next to a bedroom and a pantry next to the kitchen add storage space.

Entrance to El Molino, in Montecito, California




Sitting area


Sitting area




Dining room


One of the bedrooms


One of the bathrooms




It’s also a solid home, a big plus in California.

“There is probably a stone foot between you and the outside,” says Martinez. “It’s built like a fortress.

The saleswoman “raised her children and her granddaughter there,” she adds, and often organized s’mores parties, using the fireplace in the dining room.

A family might see the allure of the house.

“A lot of people who love the house have kids,” Martinez says, “and people love the Montecito school district.”

The house is also a short walk from the top and bottom of the village. Both have shops, restaurants, wineries tasting rooms, and then there’s also the Montecito Inn.

A buyer from LA might also consider going up the coast.

“We have a lot of second homes here,” Martinez says, “and a lot of people who live here and work in Los Angeles, but because of the pandemic, people like to have a space to work from home. People want to enjoy family life and have professional life in a separate space.

The name “El Molino” is carved in stone at the closed entrance.

“Who wouldn’t want to own a piece of Montecito history? Martinez asks, noting that among the many olive trees in Montecito, some are over 100 years old. “Three are on this property. “

About Martin Aaron

Check Also

The Most and Least Affordable Real Estate Markets in the Country

Less than half of homes sold are affordable to middle-class Americans. According to the National …