The week’s other noteworthy new listings include cool California vibes in Toro Canyon, a turnkey cottage on the Mesa, a sweet little house on Eucalyptus Hill, and a couple historical curiosities.
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At over 18,000 square feet, Sotto Il Monte is as grand as Montecito gets. It’s on the market for the first time in 20 years, offering us mere mortals a rare chance to see inside.
Plus: Fashionable pop-ups at the Montecito Country Mart; Rancho San Carlos’s astonishingly low property tax; Mollusk surfboard swap; county sheriff officer goes viral; film recommendations from the SBIFF.
Designed by renowned architect Lutah Maria Riggs, the 1958 Erdman House is on four knoll-top acres in prime Montecito—and Riggs’s use of shakkei, as the Japanese call “borrowed scenery,” is evident in almost every room.
Other recent news: Santa Barbara school district mulls return to in-person classes; downtown developer says he’ll pull the plug on a project (sparing the Press Room); design changes possible for State Street Promenade; rumored buyer of 237-acre Rancho San Carlos; people are shooting wildlife with pellet guns; Cottage Health is allowing limited hospital visitors again; Eco Friendly Cleaners profile; a big tree on Anapamu fell over; the tree of the month; school-board candidate Jackie Reid.
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They enlarged the property by an acre and replaced the rustic Balinese theme with something much cooler and more contemporary.
Rancho San Carlos, the historic 237-acre property on East Valley Road, traded for $63.25 million. And as if that wasn’t enough, another property went for $49 million.
More food news: Sneak peek inside the Aperitivo wine bar; Intermezzo has reopened with a new menu; Telegraph Brewing Company sure looks closed; profiles of Uncorked and Frinj Coffee; Secret Bao’s udon carbonara.
Areas beyond Montecito—including the Riviera and Yankee Farm—now appear to have caught fire. The week’s notable sales also include a New Age compound above Summerland, a midcentury spec renovation, a stylish downtown duplex, and more.
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
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
Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ