2.46-Acre Ocean-View Estate in Santa Barbara’s Hope Ranch Hits Market for $20 Million

A 2.46-acre ocean-view estate in Santa Barbara’s Hope Ranch has been listed for $20 million.

Located at 4265 Cresta Avenue, the luxury estate spans 11,770 square feet across three floors, according to the listing. 

Listed by Carmen Galzerno of Berkshire Hathaway HomeServices California Properties, the estate was previously offered for $10 million in 2020.  

Architect Barry Berkus originally designed the Modern Hamptons-style property. It has since undergone extensive renovations and upgrades. The estate consists of six bedrooms and nine bathrooms, including seven full and two half baths. 

The property’s exterior features stone finishes, antique wood pillar columns, and custom glass doors. Terraces offer sweeping views of the Pacific Ocean, according to the listing. 

The interior features an open layout indoors, connecting the kitchen with the dining room and family room. 

The chef’s kitchen includes an expansive zinc-wrapped island with a La Cornue range, sub-zero refrigeration, three ovens, and three sinks, the listing added. The kitchen also has a walk-in pantry. 

The kitchen has an adjacent terrace with dual barbecue stations and a covered dining area. 

The main level includes a two-story mahogany library with an office and ocean-view terrace. This floor also offers a one-bedroom one-bath guest suite and the primary bedroom.

The primary bedroom offers a private patio with a spa, outdoor shower, a Venetian plaster fireplace and a sitting area, along with two walk-in closets. 

Upstairs are three ensuite bedrooms, each with Juliet balconies facing the Pacific Ocean. 

The finished lower level adds more amenity space to the estate, featuring a theater, wine cellar and tasting room, a gym, and a full bath. 

Outdoor amenities include a pool with lounge seating, two spas, an infinity-edge fountain, and a resurfaced tennis court with basketball hoops. There are landscaped gardens with lighting. 

The residence incorporates smart home technology, such as Sonos audio, Nest climate control, and integrated lighting and security systems. The estate includes an expansive garage that can accommodate four cars, and an additional climate-controlled flex garage space. 

As part of the Hope Ranch community, residents enjoy access to equestrian trails, a gated beach with picnic area, a playground, surfboard storage, and round-the-clock community patrol. 

Hope Ranch Housing Market

Named after Irish immigrant Thomas Hope, Hope Ranch sits in the southeastern part of Santa Barbara County, between Highway 101 and the Pacific Ocean. The community encompasses over 1,800 acres and consists of 773 lots, according to the Hope Ranch Park Homes Association.  

The housing market in this community is “somewhat competitive,” according to Redfin. In October 2025, home prices in Hope Ranch increased by 66.7% compared to last year, selling for a median price of $6 million, the realtor added. 

There are currently 24 residential listings on the market in Hope Ranch, with the average price for sale at $12.2 million, according to Berkshire Hathaway HomeServices California Properties.