Inside Eric Schmidt’s $30M Montecito Estate: A Historic Santa Barbara Masterpiece

Inside Eric Schmidt’s Montecito Masterpiece

If you’ve ever dreamed of luxury living in Montecito, take a peek at the incredible estate once owned by Google’s former CEO, Eric Schmidt. This estate isn’t just a home—it’s a piece of Santa Barbara history nestled into the hills above.

🏛️ A Storied Heritage

• Built in 1914, the estate—originally known as the Peabody Estate or Villa Solana—was created by renowned architect Francis Townsend Underhill for Frederick Forrest Peabody.

• Between 1958–78, it became the headquarters for the Center for the Study of Democratic Institutions, welcoming figures like JFK, Martin Luther King Jr., and Henry Kissinger.

• Fast forward to 2020, when Eric Schmidt purchased it for $30.8 million, a far cry from its 2012 listing at $57.5 million.

  

🌿 Architectural & Design Highlights

• The main residence spans 22,729 sq ft, with five bedrooms and a two-bedroom guesthouse, totaling around 20 bathrooms.

• Step inside an atrium with palm trees soaring through glass ceilings—original limestone fireplaces, French oak paneling, parquet floors, and beamed ceilings throughout.

• French doors open to arched loggias, connecting the interior to lush gardens and panoramic views.

  
  

🌅 Garden & Amenities

• The 11-acre estate includes mature palms, a rose garden, and fruit trees (lemon, lime, banana, fig, pomegranate).

• Outdoor features: epic ocean and mountain views, a swimming pool, and a large reflective pond dotted with statues and fountains.

  

Why This Matters for Montecito Buyers 🗝️

This extraordinary estate exemplifies the level of historic charm and grandeur Montecito homes can offer—properties that aren’t just residences, but immersive lifestyle experiences. As a Santa Barbara/Montecito realtor, I connect discerning buyers to these exceptional opportunities.

If you’re envisioning your own piece of Montecito—whether it's a historic mansion with heritage and depth, or a newly renovated sanctuary with modern amenities—let’s talk. I specialize in crafting tailored buying strategies that align with your vision and values.

📩 Reach out today to discuss how to enter this exclusive market.