Source: Riskin Partners
Real Estate

Colony Capital Principal Lists Stunning Montecito Estate for $18.5 Million

The reflecting pool is bigger than the house.

In 1930, when the country was reeling from the stock market crash a year earlier, the society landscape architect Lockwood de Forest was putting the finishing touches to a Montecito, Calif., estate called Constantia. Designed in a South African Dutch-Colonial style (yes, that's a thing), the 9,771-square-foot house and 3.2 acres of grounds had views of both the Montecito mountains and the Pacific Ocean.

The rear of the estate, with a pool and sunken garden.

The rear of the estate, with a pool and sunken garden.

Photographer: Jim Bartsch

After passing through a series of owners—according to Zillow, it's been sold three times in just the past decade—the house has been listed again for $18.5 million by its current owner, Justin Chang, an executive with Los Angeles-based Colony Capital, a real estate-focused private equity company. "We acquired it in 2012 as a weekend property," Chang said in a phone interview. "It's served us really well as a second residence, but our family needs are evolving, and our kids are getting older. It's time to sell."

The front of the house.

The front of the house.

Photographer: Jim Bartsch

When Chang bought the home, for what Zillow says was $16.8 million, it had recently undergone a complete renovation, so there was very little work to do, he said. "We did some touch-ups, all with an eye to staying true to the architectural and historical heritage."

Interior shots of the home.

Interior shots of the home.

Photographer: Jim Bartsch

The house has six bedrooms, four full baths, and five half-baths. The entertaining rooms, which include a large wood-beamed living room, a formal dining room, a breakfast room, and a vaulted, eat-in gourmet kitchen, are all on the first floor, as is a master bedroom suite with something Riskin Partners, the real estate firm co-listing the property, calls a "morning room."

The double-height kitchen.

The double-height kitchen.

Photographer: Jim Bartsch

On the second floor are three guest bedrooms, a media and game room, and two small bedrooms intended to be used by live-in staff. The house also contains a mahogany paneled office, a basement media room (read: a giant TV), and a five-car garage.

The office.

The office.

Photographer: Jim Bartsch

The grounds, which are largely unchanged from de Lockwood's original design, are manicured and terraced and lead down to a large reflecting pond. In the back of the house are a swimming pool, spa, sunken garden, and outdoor terrace.

Outdoor seating in the rear of the house.

Outdoor seating in the rear of the house.

Photographer: Jim Bartsch

The house, which is located in the estates section of Montecito, is a short walk from the Knowlwood Tennis club and a five minute drive from the waterfront. "It's an amazing community," Chang said. "It's wonderful, private, and family oriented." It's about a two-hour drive from downtown L.A.

A bedroom.

A bedroom.

Photographer: Jim Bartsch

"You can see from the pictures that this is a special, somewhat unique place," Chang said. "It's been a wonderful time for us. I feel like, with a property like this, we're just stewards of an historical estate."

Most of the landscaping is original to the 1930 design.

Most of the landscaping is original to the 1930 design.

Photographer: Jim Bartsch

 

The media room.

The media room.

Photographer: Jim Bartsch

 

The dining room.

The dining room.

Photographer: Jim Bartsch

 

The gates to the property.

The gates to the property.

Photographer: Jim Bartsch

 

A view of the reflecting pool.

A view of the reflecting pool.

Photographer: Jim Bartsch

 

The house has a five-car garage.

The house has a five-car garage.

Photographer: Jim Bartsch
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