Noteworthy new listings….
Retired hedge-fund manager Bruce Kovner and his wife, Suzie, have put their 22-acre oceanfront property, 2779 Padaro Lane, on the market for a breathtaking $160 million. From the Wall Street Journal article on the listing: “The Sanctuary at Loon Point includes two large homes, each with its own pool and cabana, on adjacent parcels. The first home is roughly 8,000 square feet with a separate guest cottage and was renovated by the Kovners. The newer home, which they built, is also 8,000 square feet. It is set on roughly 3 acres and includes a citrus grove and a rose garden”—and, perhaps more important, a path down to the beach. The overall property also has three parcels—6.6 acres, 6-ish acres, and 3-ish acres—suitable for building more estates. Or, if you want to keep things simple, the original house, on 10 acres, is available as 2781 Padaro Lane ($80 million).
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The ding against 610 Olive Road ($8.95 million) in Montecito is its location—not the Olive Road part, but the longer frontage along busy East Valley Road, with the house and guest house on either side of the motor court. (The glamorous semicircular pool, meanwhile, is away from the road, toward the toe of the boot-shaped lot.) In the property’s favor, however, is that it’s turnkey enough, if you don’t mind some of the style choices, and that counts for a lot these days.
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Some of the surfaces at 120 Loma Media Road ($3.125 million) are a bit tired—glass brick alert!—but the house does have four bedrooms and Riviera views. P.S. Mind your head near that light fixture in the upstairs “office.”
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“One of the original Summerland homes, built in 1895,” according to the listing, 130 Valencia Road ($2.55 million) has plenty of historical charm. And it’s close to the action on Lillie Avenue. Just imagine what it must have been like before the 101….
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At the end of funky La Combadura Road is Los Robles Lane, a cul-de-sac where the houses get a bit suburban (but in a way that’s not unwelcome). 404 Los Robles Lane ($2.495 million) might be a tad dark on parts of the ground floor, but it’s in good shape, and it has a sweet backyard—including a water fountain next to the hot tub.
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Alta Mesa’s 1745 Coronilla Drive ($1.95 million) is a quick-flip attempt—the seller paid $1.436 million in late May and freshened the place way up, including redoing the kitchen and baths. Much depends on the quality of the work and materials.
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And a few others worth checking out:
••• 1705 Glen Oaks Drive ($1,995 million): Attempted flip of .87-acre lot squeezed between Glen Oaks Drive and East Valley Road; the seller paid just $975,000 in May.
••• 44 Saint Francis Way ($2.45 million): San Roque four-bedroom (but three share one bath) with an ambitious price; weirdly, the master bath window is right next to the front door.
••• 3728 Pescadero Drive ($1.395 million): Single-level fixer in Hidden Valley. Or maybe the wallpaper is coming back into style….
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