Other recent news: City receives $100,000 grant to paint the street at a downtown intersection; long construction project on upper De La Vina to start; interim UCSB chancellor; Rosewood Miramar Beach to fund and host county sheriff substation.
Designed with impeccable attention to detail and perfectly positioned between Santa Barbara and Montecito, this ultra-private estate offers a blend of sophistication and serenity—and it’s a rare offering in one of the area’s most desirable enclaves.
While the Incan ruins are understandably a highlight of any visit to the country, you’d do well to expand your horizons—not just to Lima, but also the Colca Canyon, Sacred Valley, and the stunning city of Arequipa.
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Nestled in the heart of Montecito’s most prestigious enclave, Camino Paradiso is a lush, one-acre estate—with both a gracious main residence and a beautifully appointed guest—that’s available now for long-term lease, fully furnished and move-in ready.
Last week’s sales also include midcentury moments in Hope Ranch; likely spec reno near the Upper Village; Faria Beach oceanfront; off-market fixer on Eucalyptus Hill; a loss above San Roque; Samarkand mini-compound; and more.
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Know where this was shot? Prove it in the comments. (Update: We have a winner!)
Recent Comments
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
I think some folks who would consider this is a windfall for Yardi may be overlooking two things: 1)The cost to Yardi to buyout AB's… — StanThompson
Just realizing I did not address your first point. The buildings on the property have been up for sale, and their value is also depressed… — SBradley
I think that the city's representation of this land as having ‘zero value’ is confusing because it sums together the value of 2 distinct things… — SBradley
No idea whether this is a good deal for Yardi or not. Paseo Nuevo has been available for sale since 2020 with no buyers -… — NuemanJ
I wish this same logic worked for Thrifty ice cream! According to the BLS inflation calculator, something that cost 5 cents in 1970 should cost… — Doug B