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Buy the 'Best View Property' in Santa Barbara For $57.7M

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Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got.

Location: Santa Barbara, Calif.
Price: $57,700,000
The Skinny: In the early 1900s, Frederick Forrest Peabody, a high-ranking executive in the firm that manufactured Arrow collared shirts, became enchanted with the natural beauty of Santa Barbara and decided to uproot his family from Albany, N.Y., to these verdant knolls. According to David F. Myrick's Montecito and Santa Barbara, Volume II: The Days of the Great Estates, after buying up acreage on an "unencumbered hill" "along the Eastern fringes of the city," Peabody was issued a building permit and construction began in 1913. The estate—dubbed Solana, or "sunny place" in Spanish—was completed in 1915, a bit later than expected, and in the intervening years the historic mansion has since been "newly rebuilt," according to the listing. Today the 20,000-square-foot house boasts restored original details—hand-carved mahogany, antique sconces, 17th-century paneling, "museum quality" mosaic flooring, and so on—and comes with 360-degree views that capture pretty much everything: Montecito island, the mountains, the ocean, the hills, the bay, and the harbor. The house was designed for entertaining—Peabody's wife, Sarah, once hosted 150 people for dinner and dancing—which explains this bit of brokerbabble: "whether it's for your enjoyment or to host large benefit events, Solana has the facilities and accommodations to suit the moment." Oof, $57.7M is quite a lot to drop on a pay-by-the-hour party pad.

· The Peabody Estate "Solana" [Sotheby's International Realty]
· Frederick Forrest Peabody [Harry Kolb/PDF]