Originally part of the magnficent 'El Cielito estate'' this landmark 1.26 acre estate site is located in the heart of Montecito with both upper and lower villages on your doorstep. This lot is primed for you to build your legacy compound surrounded by major world class properties. Your unique opportunity to create a magnificent residence on one of the closest buildable lots to Coast Village Road. Adjacent lot located at 285 Olive Mill Road, APN# 091-300-015 is also available for purchase at $2,100,000.