Since the early 20th century, the tony town of Montecito has offered some of the most exclusive estates on California’s coast. Located in the gated community of Fernald Cove is this beachfront villa with five bedrooms, a chef’s kitchen, and a library that opens to the property’s fruit trees. Large windows provide natural light and look to an inner courtyard with a tiled fountain and to the backyard, which features a pool and hot tub, an alfresco dining room with a fireplace, a three-level terrace with views of the ocean and Anacapa Island, and a private pathway to the beach.