Set on beloved Miramar Beach along an exclusive gated lane, this extraordinary compound with one hundred seventy-four plus or minus feet of ocean frontage offers a rare opportunity to restore or reimagine a legacy estate along one of Montecito's most sought-after stretches of coastline. The one-acre beachfront property includes a grand four bedroom main residence with soaring ceilings, ocean-facing living spaces, library, family room, and an expansive private primary suite. Multiple guest accommodations include a one bedroom guest structure with adjoining office, a two bedroom/two bathroom guest structure, and the charming Coral Studio. Patios and grounds open directly toward the Pacific, capturing sweeping ocean, island, and coastline views alongside the rhythmic sound of waves. A once-in-a-generation offering rich with scale, character, and potential.