Veteran investor, entrepreneur and TV personality Marcus Lemonis — probably best known for making over struggling businesses as the host of CNBC’s “The Profit” — has quietly floated his stunning modern estate in Montecito onto the market, hoping to attract an off-market buyer willing to pay the hefty $24.9 million asking price. Though that’s a substantial increase over the $6.85 million he and his wife Bobbi paid British financier and car collector Andrew Piske for the place five years ago, the couple did undertake an extensive renovation during their tenure.
Nestled within the exclusive guard-gated enclave of Ennisbrook, atop a 2-acre knoll providing sweeping ocean and mountain views, the gated structure was originally built and designed by acclaimed Santa Barbara architects Warner & Gray in the late 1980s. It’s since been redone in a modern farmhouse-style aesthetic by Becker Studios, complete with five en-suite bedrooms and eight baths in more than 8,100 square feet of inviting yet chic living space.
There are floor-to-ceiling walls of glass opening to a central courtyard ideal for al fresco dining and entertaining, plus glitzy amenities like a gym, media room and sky-lit gallery that stretches over 90 feet long. Other highlights include a fireside living room boasting a soaring cathedral ceiling and loft office, along with a sleekly designed gourmet kitchen outfitted with a duo of islands, high-end stainless appliances, a breakfast nook and butler’s pantry.
The sumptuous master retreat comes equipped with a fireplace, sitting area, and dual walk-in closets and baths; and outdoors, the picturesque grounds host a newly constructed pool and spa surrounded by a sundeck. There’s also a fire-pit lounge area, full-size tennis court flanked by a pavilion and an oversized three-car garage.
Lemonis, 48, is a Lebanon-born multimillionaire who serves as chairman and CEO of Camping World and several other enterprises. He was recently tapped to star in the new HGTV series “The Renovator,” where he helps homeowners fix their outdated houses. In addition to his Montecito property, Lemonis also maintains homes in Florida and Chicago; and he just picked up a brand-new townhouse on New York’s Upper East Side for a whopping $18 million.
Michael Calcagno and Nancy Hamilton of Berkshire Hathaway HomeServices California Properties are the listing agents for the Montecito property.
