MONTECITO The 340-acre property in the Santa Ynez Mountain foothills was once owned by Henry E. Bothin, who amassed a fortune through spice and coffee trade. Address: 698 E. Mountain Drive, Montecito, 93108 Listed for: $77 million for 10 buildable lots with coastline, ocean and outlying island views (340 acres)

Features: Aqueducts; cascading waterfalls and fountains; open-air piazza

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.