#oakview

Rob Lowe Relisted His Magnificent Montecito Mansion For $42.5 Million - Photo: Arnold Jerocki/WireImage; The Agency          

Rob Lowe Selling This Montecito Estate For $42 Million - Photo: Arnold Jerocki/WireImage; The Agency     Actor Rob Lowe has put one of the most stunning estates in Montecito up for sale for $42.5 million, a $4.5 million price reduction from a year ago. The home, nicknamed Oakview, is reminiscent of the country estates in Charlottesville, Virginia where Lowe was born. Lowe and his wife, jewelry designer Sheryl Berkoff, recreated a classic East Coast-style estate in 2009 in the star-studded enclave near Santa Barbara. The home, built after the couple bought the 3.4-acre site in 2006 for $8.5 million, was listed about a year ago for $47 million, according to realtor.com. The 10,000-square-foot Georgian Colonial-style home stands bright white and offers Pacific Ocean views. The house has six bedrooms, 11 baths, several large formal rooms, a huge white family kitchen, separate catering kitchen, wine room, multiple living and dining areas, a theater and an sweeping master suite. Read the entire story at 'Rob Lowe Relists Montecito Mansion' See the official listing at 'Rob Lowe's Oakview Estate'      

Rob Lowe Selling This Montecito Estate For $42 Million - Photo: Arnold Jerocki/WireImage; The Agency