Big Price for a Mediterranean Montecito Mansion and Another Dud of an Auction

Another week, another dozen sales….

1590 E. MOUNTAIN DRIVE
Big Mediterranean Montecito mansion.
Listed: $27.9 million in July 2020.
Closed: $26.96 million.

 

4558 VIA ESPERANZA
Sold at auction last month and finally being reported as closed. The highest bid was $6.2 million; the closing price reflects the 10% buyer’s premium that the buyer also had to pay.
Listed: $13 million in May 2019, down to $9.975 million at the time of the auction.
Closed: $6.82 million.

677 EL BOSQUE ROAD
Spec renovation from the studs up.
Listed: $5.95 million in March 2020.
Closed: $5.45 million.

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2160 ORTEGA RANCH ROAD
6,000-square-foot house with a guesthouse.
Listed: $5.995 million in November 2015.
Closed: $5.295 million.

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103 OLIVE MILL ROAD
Duplex two-bedroom penthouse at the new condos at Olive Mill and Coast Village Road.
Listed: $5.25 million in January 2020.
Closed: $4.9 million.

 

2896 HIDDEN VALLEY LANE
5,600-square-foot house with a guesthouse.
Listed: $4.95 million in November 2019.
Closed: $4.25 million.

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3911 VIA LAGUNA
Here’s hoping the new owner embraces some of the camp.
Listed: $5.95 million in April 2016.
Closed: $3.538 million.

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1381 SCHOOL HOUSE ROAD
Off-market sale of three-bedroom house.
Listed: N/A, but it last sold for $2.57 in 2013.
Closed: $3.1 million.

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2405 SANTA BARBARA STREET
1924 Upper East house that needs some work.
Listed: N/A
Closed: $3.05 million.

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422 LAS ALTURAS ROAD
Either there was a heck of a bidding war or something is wrong in the MLS….
Listed: $1.975 million in July 2020.
Closed: $3 million.

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790 ROCKBRIDGE ROAD
A teardown in Riven Rock.
Listed: $2.995 million in December 2019.
Closed: $2.7 million.

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1385 OAK CREEK CANYON ROAD
Six-acre lot, only a small fraction of which is buildable.
Listed: $4.95 million in August 2015.
Closed: $2.625 million.

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