Tesla Investor Alan Salzman Pays $18M for Elegant Estate in Flaming-Hot Montecito

Published: November 17, 2020 | By: American Luxury Staff

VantagePoint Capital Partners co-founder and CEO Alan Salzman—who prefers to invest in green tech, and bought heavily into Tesla in the early days—purchased this estate in Montecito this fall. The pairing is ideal; Montecito’s hotter than hot, and Tesla’s burning up the ticker tape. The three-acre estate ran Salzman a cool $18 million against a $22 million asking price.

The property’s interiors measure in just shy of 15,000 sq. ft. The main house is a large villa; the mild gradient of the hillside it is built into allows the exterior living spaces and landscaping to flow down to a lengthy progression of romantic gardens that expand from a lengthy central waterfall rill.

The interiors of the main house are grand and rustic, in keeping with the ‘Montecito Style’; raw exposed timbers, carved stone fireplaces, groin-vaulting, and inlaid tile floors. Windows are generally casements, with or without shutters. Arched, steel-framed French doors open the back of the home to the expansive gardens of the grounds.

Of the standout rooms, the kitchen gets high marks. The space features a European farmhouse style expressed in stone tile floors, rustic cabinetry, and a period-style stove with a large tile backsplash. Amenities include a games room, a screening room, a gym, and a master suite with a connected creative workspace and a bath with an extravagant soaking tub alcove that offers views all the way to the Pacific.

The rear of the home features a loggia that begins a long progression: a swimming pool on a lower level, and garden features that include multiple fountains, hedgerows, and a lengthy arbor. And, for outdoor amenities? A sport court, a soccer field and a guest house.

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