Sophisticated 1930s Montecito Estate with Breathtaking Ocean Views to Auction No Reserve to the Highest Bidder via Concierge Auctions

NEW YORK - Rezul -- 818 Hot Springs Road, a romantic Gilded-age estate nestled below the foothills of the Santa Ynez Mountains, will auction next month via Concierge Auctions. Previously offered for $12.5 million, the estate will auction No Reserve in cooperation with Patricia Griffin of Village Properties. Bidding will be held February 24–27 via Concierge Auctions' online marketplace, ConciergeAuctions.com.

"As a leading real estate agent in the Santa Barbara community for over 25 years, I'm continually learning and adding to my dynamic marketing tools in order to better serve my clients," stated listing agent Patricia Griffin of Village Properties. "Concierge Auctions is a leader in the luxury real estate auction space, and I'm thrilled to have the opportunity to partner with them for the first time and present the rare opportunity to own one of Montecito's most luxurious and romantic estates at market value."

Built by architect Lutah Maria Riggs in the 1930s, 818 Hot Springs Road is a modern estate with the glamour of a bygone era. Opulent finishes and designer style emanate throughout all 13,456 square-feet of the five-bedroom estate, including hardwood and marble floors, intricate molding and wainscotting, soaring coffered ceilings, multiple fireplaces, enormous windows, and French doors. With an expansive Carrara marble island and fireplace, the Christopher Peacock-designed chef's kitchen offers commercial-grade cabinet-front appliances, 6-burner stove, and a butler's pantry.

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The master sanctuary features a fireplace and lounge area, a morning coffee bar, and his-and-hers spa baths with enormous showers and Roman-style soaking tubs. Enjoy tranquil ocean views from the outdoor terraces, or entertain in the cabana with wet bar, fireplace, and barbeque. Additional outdoor features include a swimming pool, hot tub, sports and bocce ball courts, and formal gardens designed by renowned landscape architect Lockwood de Forest.

"When we decided we were ready to sell this property, we didn't want to wait years for the right buyer to come along," stated sellers Jeff and Lori Runnfeldt. "We hired Concierge Auctions because their process is seamless and efficient with predictable results. We're looking forward to presenting the exciting chance to own a historic property to the market and identifying a new owner on auction day."

Nestled between the Santa Ynez Mountains and spectacular coastline, Montecito offers the perfect combination of sophistication and breathtaking nature. 818 Hot Springs Road is just minutes away from Hammonds, Butterfly, and Miramar beaches, as well as world-class golf. Hike on more than 15 trails, including the Hot Springs Canyon Trail, just steps from the estate. For more coastal adventures, hop on the scenic Pacific Coast Highway. Wineries, elephant seals, monarch butterflies, and classic beach town charm await in Pismo Beach and San Luis Obispo only 2 hours away. Located 30 minutes to the Santa Barbara Airport, and two hours to the Los Angeles International Airport, 818 Hot Springs Road is a chic seaside haven.

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As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need.

Concierge Auctions offers a commission to the buyers' representing real estate agents. See Auction Terms and Conditions for full details. For more information, visit ConciergeAuctions.com or call +1.212.202.2940.

About Concierge Auctions
Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest priced homes ever achieved at auction, and is active in 40 U.S. states/territories and 28 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited time frame. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. As a six-time honoree to the annual Inc. Magazine list of America's fastest-growing companies, it now joins the Inc5000 Hall of Fame; was named No. 38 on the 2018 Entrepreneur 360™ List recognizing 360 small businesses every year that are mastering the art of and science of growing a business in the areas of impact, innovation, growth, leadership, and business valuation; and has contributed more than 200 homes to-date as part of its Key for Key® giving program in partnership with Giveback Homes, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit conciergeauctions.com.