Hilltop Mediterranean-Style Villa With Ocean Views in Ortega Ranch Lists for $10.49 Million

A Mediterranean-style estate at 2240 Ortega Ranch Rd in Santa Barbara has been listed for $10.49 million, according to a listing on Redfin.

The single-family residence is located in the Ortega Ranch area and sits above the coastline, with views of the ocean and surrounding mountains.

Built in 1991, the home spans 6,076 square feet on a 4.38-acre lot. The property is listed by Daniel Hewson of Coastal Living California Properties Inc.

The two-level home includes five bedrooms and four-and-a-half bathrooms, according to the Redfin listing. Its Mediterranean style features a stucco exterior and tile roof.

Interior features include vaulted ceilings, oversized windows, and French doors designed to bring in natural light. The home sits on a pier-and-post foundation and includes insulated walls and attic crawl hatchways.

Rooms include a primary bedroom, office, library or study, great room, and family room. Fireplaces are located in the primary bedroom, living room, and family room.

The home includes both a formal dining room and an in-kitchen dining area, as well as a separate laundry room. Flooring materials include carpet, hardwood, and tile, while window treatments consist of drapes and plantation shutters.

A virtual tour is available through the online listing.

Appliances listed with the home include a refrigerator, gas range, built-in electric oven, double oven, dishwasher, disposal, microwave, washer, dryer, and a water softener.

Outdoor features include an open patio, lawn areas, a fully fenced perimeter, and a greenhouse. The level lot is accessed by a private road with easement frontage. Parking includes a three-car garage.

Nearby schools include Summerland Elementary, Carpinteria Middle School, and Carpinteria Senior High School, according to the listing.

Utilities include forced-air heating and water service provided by Mont Wtr, according to the listing. Electricity is noted as being provided through EnergySage, with an estimated monthly cost of $388.

The home was first listed on June 27, 2025, for $10.95 million before being relisted on February 8, 2026, at $10.49 million. Public records show it last sold on January 9, 1992, for $1.875 million after an earlier 1990 listing at $1.3 million.

In addition to the Ortega Ranch property, another large estate in Hope Ranch has recently been listed.

Another large estate in Hope Ranch at 3978 Laguna Blanca Drive is also on the market, marking its first listing in 50 years. The 8,735-square-foot home, built in 1970, sits on 1.23 acres and includes 12 bedrooms, a pool, and private beach access, according to Redfin.

Market Conditions

Summerland is described as a balanced market, where some houses receive multiple offers. On average, properties sell about 3% above list price and stay in the market for approximately 43 days, according to the listing.

While homeownership remains a challenge for buyers across California, recent data shows that some of the state’s priciest markets are starting to ease. In cities such as Los Angeles and San Diego, the income required to afford a typical mortgage is expected to decline slightly this year, according to Zillow’s analysis. Even these modest improvements follow years of significant affordability challenges.