Billionaire Peter Sperling’s Historic Montecito Estate Relists at a Reduced $60 Million

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Billionaire Peter Sperling’s Historic Montecito Estate Relists at a Reduced $60 Million
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Known as Far Afield, the century-old home comes complete with guesthouse and a peacock aviary.

Three years after it first hit the market with an ambitious $74 million price tag, a century-old Southern California residence in the affluent seaside enclave ofThis $76.5 Million Villa on the French Riviera Has Ties to Marilyn Monroe and Jackie Kennedy

Records show Sperling—former chairman of Apollo Education Group as well as the only child of the late University of Phoenix founder John Sperling—acquired the Mediterranean Revival estate with his wife Stephanie over two decades ago, back in 2002.

In addition to a striking blush-hued main villa featuring “an anthology of spaces celebrating art, conversation, contemplation, a life well traveled, and a mind well-read”—a game room, a library, an office, and a fireside kitchen outfitted with a snazzy aquamarine range, just for starters—other highlights can be found outdoors, where the Lockwood de Forest-landscaped grounds host a wealth of cultivated and native gardens, citrus groves, hiking paths, statuary, a pool and cabana, a spa, a...

Peter Sperling, who served as chairman of Phoenix University’s publicly traded parent company Apollo Education Group until it went private in ain 2017, previously sold two other Santa Barbara-area homes with his wife for a combined $35 million, including an English country manor known as Owenshire that was once owned bysign upThis $76.

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