Last week’s sales….
1682 EAST VALLEY ROAD
1932 Reginald Johnson on 2.86 acres.
Listed: $13.995 million in June 2024, cut three times to $10.9 million.
Closed: $10.25 million.
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434 CROCKER SPERRY DRIVE
2008 three-bedroom in Birnam Wood; the seller paid $8.65 million in August 2021.
Listed: $9.9 million in October 2024, cut four times to $8.795 million.
Closed: $8.55 million.
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1809 MIRA VISTA AVENUE
1925 Riviera Tudor by Winsor Soule.
Listed: $8.95 million in April 2025.
Closed: $8.25 million.
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1011 LAS PALMAS DRIVE
1982 Cape Cod five-bedroom next to the Hope Ranch tennis courts.
Listed: $7.995 million in May 2025.
Closed: $7.85 million.
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880 KNOLLWOOD DRIVE
1966 house by Lutah Maria Riggs; the sellers paid $4.118 million in September 2020 and redid it.
Listed: $8.695 million in January 2025, cut twice to $7.95 million.
Closed: $7.669 million.
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4045 LAGO DRIVE
Floops of a 1928 Joseph Plunkett house in Hope Ranch that sold for $6.273 million in August 2024. (Photo is from the previous listing.)
Listed: $6.75 million in April 2025.
Closed: $6.301 million.
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900 JIMENO ROAD
1940 Mediterranean on the Lower Riviera.
Listed: $5.999 million in June 2025.
Closed: $5.999 million.
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2325 SANTA BARBARA STREET
Off-market sale of 1925 five-bedroom, three-bath at E. Junipero Street.
Listed: N/A.
Closed: $4.6 million.
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And a few others worth checking out:
••• 5441 Toltec Drive: $2.65 million.
••• 1274 Camino Meleno: $2.348 million.
••• 5693 W. Camino Cielo: $2.235 million.
••• 1264 Bel Air Drive: $2.2 million.
••• 60 El Arco Drive: $2.111 million.
••• 19 Arroyo Quemada Lane: $1.3 million.
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On 4045 LAGO DRIVE, I’pretty sure that was wife that lost her husband shortly after they bought the house and started fixing it up. She didn’t want to live there without him. Seems like a quick jump to “flop” (and I think it should really be singular when you refer to one home project) is slightly insensitive. Be better please.
In my mind, a flip has always been any sale involving a quick turnaround, regardless of whether the seller is trying to make a profit. But then an agent got shirty with me about using the term “flip” for a listing that wasn’t going to make money, so a reader came up with floops to describe the situation of someone trying to get out as whole as possible. In the case of 4045 Lago, the mistake-implying “oops” part of the word may be less than perfectly apt, but I think the listing still qualifies as a floops (especially in the absence of any better word, and without getting into the circumstances), albeit a sad one.
And as a general rule, I don’t get into why people are selling because there’s no way of knowing whether anything I’m being told is true.