One of Watt Industries "Villages of Fairbanks", Montecito is a gated community constructed in 1984, the same time as the Olympic Equestrian Endurance event at nearby Fairbanks Ranch Golf Course. Builder Ray Watt and architect Buzzard-Henning designed these 36 smaller Spanish Mediterranean homes, some of which are cantilevered on the bluff overlooking the country club and training stables, for singles and retired couples. The three floor plans range from 2,200 – 3,000 square feet. Each home is two stories and exquisitely detailed, ranging in price from $1 - $3 million. There are monthly homeowner’s association dues which pay for a community pool and exercise facility. School districts are Solana Beach Elementary and San Dieguito Union High School District.