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$65 Million Montecito Mansion Will Go to Highest Bidder With No Reserve

The property is considered one of the most glamorous currently on the market the world over.

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It's rare for a 43,000-square-foot home perched on a 20-acre oceanfront bluff to hit the market. It's even crazier when that home is placed up for auction with no reserve. But that's precisely what's happening with the $65 million private estate owned hotelier by Patrick Nesbitt.

One of California's highest real estate price tags is hitting the auction block via Concierge Auctions and will go to the highest bidder without a reserve. That means the lucky winner could score an exclusive Montecito pad complete with a regulation polo club, a private 200 person ballroom, and a 128-foot infinity-edge pool.

Related: How to Stay in a $5 Million Home on Your Next Vacation

Of course, those aren't the only incredible amenities. The Mediterranean-style mansion boasts seven bedrooms, nine bathrooms, guest houses, a rooftop hot tub reached through a secret door, a driving range, a private spa, a 15-seat movie theater sports bar, Japanese and English-style gardens, and a 5,000-bottle hidden wine cellar with an attached tasting room. And it's all set in one of the most stunning locations. There are duck ponds, horse riding trails, a butterfly habitat, and views all the way to Malibu of the mountains and ocean.

Not to mention, the home is situated just minutes from the beach and 20 minutes from the Santa Barbara Airport—making it perfectly situated for anyone looking for a place to relax in between frequent trips.

"This property is one of the (if not the) most premier offerings on the market today, world-class in every way," Chad Roffers, Chairman of Concierge Auctions, told Departures. "Offered without reserve to the highest bidder, the auction presents a rare opportunity to own at one's own bid price.

Roffers added, "In conjunction with top brokerage Hilton & Hyland, we're thrilled to combine our resources to deliver unparalleled reach and speed to find the one-of-a-kind buyer of this equally unparalleled property in just a few weeks."

Related: The Most Expensive Homes Ever Sold in the U.S.

The auction will take place online from November 16 to 19.


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