Other recent news: Sable Offshore Corporation has restarted oil operations; gearing up for this year’s Summer Solstice Celebration; a profile of Lynda Weinman; the expansion of Arroyo Hondo Preserve; return of the East Beach “beach club.”
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One of Montecito’s most revered estates, Los Sueños is a grand Spanish Colonial Revival home by renowned architect George Washington Smith on 3.36 stunningly landscaped acres. And it’s now being offered at the new price of $24,995,000.
More food news: The Carpinteria outpost of Dart Coffee Co. will have food made in house (and its Funk Zone café will relocate in coming years); The Palms will have a gourmet market component; Sunshine Café’s former building changed hands; a win-win deal from Rori’s Artisanal Creamery.
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Hope Ranch has so much going for it, including impressive amenities like a truly private beach, tennis courts, bridle paths, and easy access to Laguna Blanca School and La Cumbre Country Club. As for the real estate, it’s as wonderful and varied as you’d expect—there really is something for everyone.
“Behind Helena Avenue Bakery and The Lark, there’s an unmarked building next to the train tracks. What is it?”
Last week’s sales also include a 2016 Craftsman near the beach in Carpinteria; Mountain Drive ranch house in need of updating; West Mesa three-bedroom; sweet 1926 cottage near the Bungalow Haven District; and more.
Plus: A better look at the residential conversion on Ortega Street; Seven Bar’s new mural; Jon Batiste to play the Santa Barbara Bowl; Wyatt Flores in concert at the Arlington Theatre; the reason for the construction on Via Real; Vitsoe shelving for sale.
The Siteline newsletter is the best way to follow the website. To subscribe, click the link at the bottom of this post. And you can unsubscribe at any time.
Know where this was shot? Prove it in the comments. (Update: The house wins!)
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
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
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