SANTA BARBARA, CA—Rancho San Carlos, a 237-acreprivate estate in Santa Barbara, has come tomarket via Sotheby's International Realty Inc.brokers Harry Kolb and SuzannePerkins, who was named exclusive listing agent for theproperty. Built in 1931 and owned only by the family during thattime, the property is listed at $125 million.

"The original creators of this very special family enclavepassed away several years ago and the numerous heirs, whoare located across the country, have expressed an interest touse their equity in this property for other uses," Kolb tellsGlobeSt.com about the seller's decision to sell the property.

Designed by Reginald Johnson, Rancho San Carlosis a massive estate. Aside from the sizable 237 acres, the propertyhas a 30-room, 29,000-square-foot house, 10 guest cottages, a10-stall barn with a covered rising area that was built a yearearlier in 1930. The interior rooms feature moldings andmantelpieces from an English manor home built in the 1920s, and anauthentic English whiskey pub with wooden casts and a long oak bar.The grand property has stunning ocean views on one side andpanoramic mountain and valley views from other viewing places inthe house.