A rare opportunity to own one of the original homes in Montecito's coveted Miramar Beach enclave, directly adjacent to the iconic Rosewood Miramar Beach Hotel. Filled with natural light, this recently refreshed coastal residence offers ocean views, expansive gardens, and a sweeping grassy lawn where the sound of the waves provides a tranquil backdrop. The home features an inviting living room with ocean views and a fireplace, dining room, kitchen, two bedrooms, two full bathrooms, and two additional versatile rooms historically used as bedrooms. Gated parking and a fully enclosed property provide added privacy and convenience. This unique offering is structured as a Tenants in Common (TIC) interest, providing exclusive rights to use the residence and gardens, while the current owner retains rights to the duplex situated along the street side of the lot, separate from the main residence.