Tech entrepreneur spends $16M on Montecito mansion

Mitchell and Lisa Green will be joining Ellen DeGeneres, who recently picked up another pad in the area

Los Angeles /
Oct.October 22, 2018 12:40 PM
Mitchell Green, with Montecito home (Redfin)

A venture capitalist has dropped $16 million for a large residence in Montecito, adding to the number of well-heeled individuals picking up homes in the luxurious — and fire-ravaged — neighborhood near Santa Barbara.

Mitchell and his wife, Lisa, Green acquired the seven-bedroom house on Picacho Lane from sellers Edward and Sheri Glazer, owners of the Tampa Bay Buccaneers, Yolanda’s Little Black Book reported.

Mitchell Green is the founder of Lead Edge Capital, a venture capital firm that has backed companies like Uber and Spotify.

Spanning 3.6 acres, the Montecito home features a 10,110-square-foot main house with five bedrooms and eight bathrooms. There’s also a tennis court, three fountains, rose gardens, a swimming pool and guest house on the property.

Home on Picacho Lane

The Glazers spent $15 million to acquire the Mediterranean-style villa in 2015. They put it on the market a year later, following an extensive renovation.

Ed Glazer, president of the family-run commercial real estate firm First Allied Corp, also owns a 19,300-square-foot mansion in Beverly Park. He and his wife hosted a fancy reelection campaign fundraiser at that property for their pal President Trump in March.

Riskin Partners of Village Properties represented the Glazers. MK Properties of Berkshire Hathaway Home Services represented Mitchell Green.

Just outside of Montecito, long-time resident and comedian Ellen DeGeneres recently picked up another pad in the area. The talk show host spent $6.7 million for a ranch home in Carpinteria. She also owns two other properties in the area. [YBB] – Natalie Hoberman


Related Articles

arrow_forward_ios
Jeffree Star and his Hidden Hills home (Compass, Getty)
Makeup mogul Jeffree Star lists 20K sf mansion
Makeup mogul Jeffree Star lists 20K sf mansion
Kevin Hard and his new Calabasas house (Getty, The Shevins / Berkshire Hathaway)
Kevin Hart buys his neighbor’s house in Calabasas for $7M
Kevin Hart buys his neighbor’s house in Calabasas for $7M
Adele and Nicole Richie (Getty, Google Maps)
Hello, from Beverly Hills: Adele buys Nicole Richie’s home
Hello, from Beverly Hills: Adele buys Nicole Richie’s home
Yo Gotti (Getty) with Candlecrest Drive home. (Redfin)
Rapper Yo Gotti pays $8M for Westlake Village mansion
Rapper Yo Gotti pays $8M for Westlake Village mansion
Megan Fox and Machine Gun Kelly (Getty)
Megan Fox, Machine Gun Kelly take $30K a month rental
Megan Fox, Machine Gun Kelly take $30K a month rental
Sumner Redstone (Getty) with 31 Beverly Park Terrace (Redfin)
Sumner Redstone’s Beverly Park estate flies off market for $27M
Sumner Redstone’s Beverly Park estate flies off market for $27M
Kourtney Kardashian and her Madison Club property. (Getty, Madison Club)
Kourtney Kardashian drops $12M on brand new mansion in Palm Springs
Kourtney Kardashian drops $12M on brand new mansion in Palm Springs
Polo G and his Chatsworth compound (Getty, The Agency)
Rapper Polo G buys Chatsworth compound ahead of release of third album
Rapper Polo G buys Chatsworth compound ahead of release of third album
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...