The week’s other notable sales include a 1902 compound on Riven Rock Road; Hope Ranch house that closed in three days; Hedgerow four-bedroom that went for $300,000 over ask; French Provincial in Birnam Wood; and more.
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The land is newly fenced and being cleared of everything except the trees that survived the Thomas Fire.
“I thought that since it’s an entrance to Montecito, the county’s Public Works Department might give it some priority. Instead, it has been used as a parking lot for heavy equipment.” —L.
New to market this week: a 28-acre Montecito compound with a lot of interior design; a Coast Village classic ready for its next chapter; renovated midcentury in Hope Ranch; a bunch of San Roque houses; and more.
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Other recent news: Santa Barbara City Council considers cracking down on homeless and investing in housing; the Montecito Club reopened with new amenities; what’s up with the former Enterprise Fish Co. building; dismal tourism tax revenues.
Plus: Open-air pop-up market at Folly on Santa Claus Lane; Montecito Trails Foundation is selling merch this Saturday; the answer to last week’s “Where in Santa Barbara…?”; warnings issued to cars parked near the Hot Springs trailhead; a breathtaking Montecito rental opportunity.
More food news: South Coast Deli’s San Roque outpost opens today; Tondi Gelato is worth a visit; Vaquero Bar has opened; two restaurants on De La Vina appear closed; hot chicken pop-up; new restaurant/grocery opening in Carpinteria; Bagel Boiz merch; Bell’s and Tyler Winery partner on Feed the Valley benefit lunches.
According to the plans submitted to the Historic Landmarks Commission, the property will have a basement lounge, a ground-floor restaurant and bar, and a roof deck atop the new third floor.
Burning Questions
- Why Are the Railroad Tracks Being Expanded Along Padaro Lane?
- Will You Explain the Plan to Adapt the Waterfront for Climate Change?
- Why Did the Rosewood Miramar Beach Install Gates?
- How Long Will This Big Pipe Be at East Beach?
- Is Cabrillo Boulevard Going to Be Widened Under Highway 101?
- Was There a Fisherman Inn in Downtown Santa Barbara?
- What Are Those Old Buildings at the Corner of Castillo and Montecito Streets?
Recent Comments
I appreciate your earnestness and tenacity and desire for process. I share it. But after 10 years of a huge vacancy, a dying mall, and… — John
Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD
Exactly, Christian. Very well said. This project is needed, right now. — Gail
This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail
Bottom line: there is an established process for these types of transactions that is designed to make sure the community residents get the best deal… — SBradley
I think development is just such a different animal. I've worked a little bit with very experienced developers. People who ONLY do RE development. They… — John
John: I think we should keep in mind that Yardi is a software company that sells software *and data* for *real estate property management*. The… — SBradley
Though Yardi is a commercial software developer, real development is much riskier. That business has moats, history, customer lock in and competitive advantages. Redevelopment and… — John
You should remember that where you're sitting right now used to be a tree, a field, or open land at some point. You benefit every… — Tony Machado
It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley