Listing details: La Quinta

La Quinta

Location: 936 Hot Springs Road, Montecito 93108

Asking price: $29 million

Size: This 6,600-square-foot home has seven bedrooms and eight bathrooms, with another bedroom and two bathrooms in the pool house.

Additional features: 75-foot swimming pool and spa; Japanese water gardens with koi pond; vegetable and herb garden; citrus orchard; two-bedroom staff quarters.

Around the neighborhood: In 2009, 147 single-family homes sold in the 93108 ZIP Code, according to MDA DataQuick, at a median price of $2,050,000. That was a 26.5% price drop from 2008. There were 239 homes listed for sale last week in 93108 at priced from $599,000 to $29 million.

Listing agent: Harry Kolb, Sotheby's International Realty, Montecito, (805) 452-2500.