First time on the market and perfectly situated in the prestigious Campanil Hills development, sits this fabulous 5,420+ sq ft home on one acre, with spectacular ocean and mountain views, just waiting for its new owner's special touch. The huge great room with beamed 12ft ceilings, opens through a triple set of French doors to a gorgeous, covered patio and very private spacious lawn surrounded by lush landscaping. This fabulous indoor/outdoor space, along with an oversized wet bar and super spacious kitchen make this the ultimate entertainer's home, perfect for large parties, events and gatherings. For more intimate gatherings, the owners can relax in the living room with vaulted ceilings, large ocean-view windows and fireplace. The den, also with a cozy fireplace, is the perfect place to curl up with a book and enjoy the peace of living in this very private and safe location on a cool winter's evening. This home offers a lot of living options and flexibility. The downstairs primary suite is an oasis with a fireplace, huge jacuzzi tub and stunning ocean views. Downstairs are 3 additional bedrooms and 2 more bathrooms. Upstairs is a separate entry 1,000+sqft guest suite with 2 large rooms, two fireplaces, an oversized walk-in-closet and spacious bathroom with jacuzzi tub. All of this is surrounded by a wrap-around covered patio/deck accessed by 3 sets of French doors, with views that are hard to surpass, and the perfect spot to watch the sun set. Downstairs is an oversized artist's studio or home office with separate entry, easily accessed from the motor court, offering multiple work/play options plus a full 2 car garage. Adjacent to Hope Ranch, with low annual fees, close to Hendry's Beach, shopping and restaurants, this house in a very safe and protected neighborhood, is in the perfect location for the best of Santa Barbara living.