Inside California’s most expensive property listing: The Sanctuary at Loon Point is second only to Jeff Bezos’ Warner Estate in value, with a cool US$160 million asking price

The Sanctuary boasts two epic properties: Ocean View and Bellevue – this is Bellevue at sunset. Photo: Jim Bartsch

California boasts one of the United States’ most expensive real estate markets, led by the city of San Francisco with the nation’s highest median home price of US$1.5 million. San Jose, Oakland and Los Angeles also rank in the top 10 by the same measure. California’s current priciest home for sale, however, isn’t actually in one of those urban centers.

The Sanctuary at Loon Point is currently California’s most expensive real estate listing. Photo: Jim Bartsch

Currently owned by hedge fund manager and Juilliard School chairman Bruce Kovner, the cliffside estate known as The Sanctuary at Loon Point overlooks the central California coast from the beach town of Carpinteria.

Which celebrities renounced their Chinese citizenships?

An ocean view pool at Sanctuary at Loon Point. Photo: Jim Bartsch
If the property gets its US$160 million asking price, it will be the second-most-expensive home ever sold in the state, second only to Jeff Bezos’ purchase of the Warner Estate for US$165 million, but nowhere near the US$238 million sale of a massive Manhattan apartment overlooking Central Park in New York.
Ocean View, one of two mansions at Sanctuary. Photo: Jim Bartsch

The property’s 2,129 feet (649 metres) of coastline cliffs and 22 acres (9 hectares) of lush landscaping is divided into five parcels featuring two distinct estates, known as Ocean View and Bellevue, with both connected by a private, gated road.

Inside Matt Damon’s former LA mansion, just sold for millions

Ocean View’s kitchen features exposed natural beams and an adjacent dining room and fireplace. Photo: Jim Bartsch

The homes have been carefully positioned to take advantage of the natural contours of the landscape and maximise the ocean views.

Bellevue’s Great Room is one of the house’s main rooms for entertaining guests with a view. Photo: Jim Bartsch

Both homes feature stunning Mediterranean-style mansions crafted from the finest materials from around the world. Terracotta tile roofs, high ceilings with exposed natural beams, hardwood floors, stone archways and marble accents impart an atmosphere of rustic grandeur. Open floor plans and floor-to-ceiling windows take advantage of the natural light.

Jennifer Lopez or Ben Affleck – who has the higher net worth?

Bellevue’s library imparts an atmosphere of rustic grandeur. Photo: Jim Bartsch

Huge kitchens, grand libraries, fireplaces with intricate mantles, oversized pools, beautifully designed courtyards with marble statues, lovely rose gardens and ocean-view terraces with palm trees provide a stunning backdrop for entertaining guests or enjoying the private serenity afforded by the home’s unique location.

Bellevue’s master suite is spacious, airy and boasts great views of the beach. Photo: Jim Bartsch

Inside Meghan Markle and Prince Harry’s ‘Palace of Secrets’, The Carlyle

Between the two residences, the property offers 10 bedrooms, 21 bathrooms and 14,189 sq ft of indoor space.

A large natural pond attracts ducks, herons and other wildlife to the estate. Photo: Jim Bartsch

A large natural pond on the grounds attracts ducks, herons and other local fauna. The scenic Barranca Path winds down the cliff to the beach below, where coastal birds can be observed. Located on the migration route of the California Grey Whale and home to both sea lions and harbour seals, the property’s combination of beach and bluff offers a unique opportunity for wildlife lovers. The area is well known for its spectacular sunsets.

5 stars with billion-dollar empires, from Kim K to Oprah

Bellevue’s Italian style pool is lined with roses. Photo: Jim Bartsch

Carpinteria, located in southeastern Santa Barbara County and about 80 miles (128km) from Los Angeles, calls itself the “world’s safest beach”. In addition to calm waves and sandy shores, the idyllic community is home to the world’s largest Torrey pine tree, the University of California’s Carpinteria Salt Marsh Reserve, the Carpinteria Seal Sanctuary, and the Santa Barbara Polo Club.

The gardens are beautifully laid out and perfect for catching California’s wonderful sunsets. Photo: Jim Bartsch

Beautiful and secluded, the small city has long been a draw for Hollywood types looking to escape from the stress of LA’s busy metropolis. Celebrities with beach homes in the area include George Lucas, Kevin Costner, Ellen DeGeneres, Robert Zemeckis and Ashton Kutcher.

Want more stories like this? Sign up here. Follow STYLE on Facebook, Instagram, YouTube and Twitter.
Ultra Luxury
  • With 650 metres of coastline, 9 hectares of lush landscaping and 14,189 sq ft of indoor space, the estate is split into two grand residences: Ocean View and Bellevue
  • Both residences boast beautiful swimming pools, epic sea views, and terracotta tile roofs – oh and famous neighbours like Ellen DeGeneres and Kevin Costner