Buying at 7311 Montecito Drive
44 units at Montecito Villa have sold since 2021 at a median of $695,000, achieving 100.4% of asking in about 19 days. Here is what that means for what you will pay — and what to read before you offer.
Sellers here are achieving list price or above, so plan on paying asking rather than negotiating a discount.
What you will pay, by size
Sold figures are what buyers actually paid across all 44 sales. Asking is what is listed today.
| Type | Sold avg | Sold range | Asking now |
|---|---|---|---|
| 2 bedroom · ~1255 sq ft | $677,649 | $555K – $815K | $698K – $698K (1) |
| 3 bedroom · ~1458 sq ft | $770,628 | $535K – $1.18M | $749K – $749K (1) |
What to read before you offer
Whether Montecito Villa is a good building to buy into is decided by its documents, not its listing photos. These are the ones that matter, and what each is for.
Saeed Farahani obtains and reviews these with you as part of representing you on a purchase.
Common questions
Is Montecito Villa a good building to buy in?
No one can answer that honestly from the listing alone — it depends on what the documents say. The market record is a starting point: 44 units have sold here since 2021 at a median of $695,000, averaging 19 days on market and 100.4% of asking. What decides it is the strata minutes, the depreciation report and the Form B — whether work is approved but not yet levied, how healthy the contingency fund is, and whether the current fee reflects real costs. Saeed Farahani obtains and reviews those documents with you before you write an offer.
How much can I negotiate at Montecito Villa?
Not much. Units at Montecito Villa have sold at 100.4% of asking in about 19 days, which means sellers are generally achieving list price or above. Budget for paying asking rather than planning a discount, and be ready to move quickly.
What do units at Montecito Villa actually sell for?
44 sales since 2021, from $535,000 to $1,180,000, median $695,000. By size: 2-bed $677,649, 3-bed $770,628. That works out to about $535 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.
Why are the strata fees at Montecito Villa what they are?
Fees on current listings average $511 a month, which is about $0.39 per square foot. Per square foot is the only fair comparison — a larger suite paying more is not the same as an expensive building. A fee that looks high often reflects a well-funded contingency, or amenities and utilities bundled into it; a fee that looks low can mean deferred maintenance and a levy ahead. The depreciation report and recent minutes are what distinguish the two, and Saeed will go through them with you.
What is for sale at Montecito Villa right now?
2 units are currently listed, asking $698,000 to $749,000 (about $547 per square foot). Current listings and photos are on the building page.
What amenities does Montecito Villa have?
Amenities, bylaws and strata details for Montecito Villa are set out in full on the building page, alongside current listings. This page covers the buying decision rather than repeating them.
Figures are drawn from recorded MLS® sales and current listings at Montecito Villa (NWS136) from 2021 onward and describe the building, not any individual home. Nothing here is a substitute for reviewing the strata documents. See amenities, bylaws and current listings →
Why work with Saeed
Real estate expertise you can count on — reach out any time.