Homes selling between $2million – $5million dollars tends to be one of the more common price ranges in Montecito, Hope Ranch, and many parts of Santa Barbara. This price range offers the first tier of what the Santa Barbara luxury real estate market has to offer. As you start considering properties above the $2million dollar price range and start to look closer at $4-$5million dollar homes, you can find custom built houses, ocean views, large rooms, and specially designed single family, residential homes. Your selection of available homes for sale in Santa Barbara and homes for sale in Montecito begin to present more amenities and greater options for custom luxury. Depending on your exact location, properties selling under $5million will typically not provide about 1-2 acres of land in Santa Barbara, Montecito, and Hope Ranch neighborhoods. If more land is something you are looking, and you must stay within this price range, then you should consider opening your search criteria to areas within Goleta, Santa Ynez, Carpinteria, and Summerland. Typically, the more north you go in Santa Barbara the farther your dollar will go per acre. If building from scratch is what your are looking for then northern Santa Barbara also tends to have less wait time for permits and also less restrictions. If many acres of land is not a priority, then Montecito, Hope Ranch, and Santa Barbara offer some amazing estates, custom homes, and outstanding neighborhoods. Below is a list of available homes for sale in Santa Barbara and Montecito between $2million dollars and $5million dollars:


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