The asking price for the massive 2,700-acre Los Olivos estate has dropped $33 million. Now going by the name "Sycamore Valley Ranch," the property has 22 structures, including a fire station and train depot.
Three adjacent parcels of land totaling over 2,200 acres along Santa Barbara's Gaviota Coast are currently on sale for a combined $200 million. Environmental groups will likely watch the sale closely, as developers move in on California's coast.
Located in the exclusive Montecito enclave, the 2.4-acre compound has stunning ocean views, lovely gardens, and a sweet lap pool—but will its '80s-era houses survive? Hopefully the Oscar-winning actress keeps the lovely swimming pool at least.