Pro Golfer Fred Couples Sells Montecito Home for $9.56 Million

September 29, 2009

While pro golfer Fred Couples didn’t get the asking price of $12.5 million for his Montecito home at 1144 E Mountain Dr, Santa Barbara, CA 93108, he did make a nice profit from his original purchase price.

Couples bought the Colonial-style Montecito home for $4 million in 1999 and just recently sold it for $9.56 million — a profit of $5.5 million. As we reported in an earlier blog post, Couples wanted to sell to be closer to a golf course.

While the location of the Montecito house lacked golf, it had everything else: 5.28 lush acres with ocean views, a spacious main house with 5 bedroom suites, a spectacular 3-bed guest house, art studio, nine-car garage, a tennis court, pool, spa, brick courtyard, pergolas, rose gardens, expansive lawns, and it even had a putting green.

But it was missing one thing, which is a must-have for a pro golfer — good golf courses nearby.