Photographs courtesy of Realtor.com

MONTECITO Known as Rancho San Carlos, this sprawling 237-acre equestrian ranch has been owned by the same family for nearly a century. Address: East Valley Road, Santa Barbara, 93108 Listed for: $125 million for 12 bedrooms, 13 bathrooms in 29,438 square feet of space (237 acres)

Features: Barrel-vaulted central hall; oak paneled rooms; hidden whiskey pub

About the area: In the 93108 ZIP , based on 23 sales, the median for single-family homes in March was $2.15 million, down 5.5% from March 2015, according to CoreLogic.