Back in the spring, 1815 Gibraltar Road was a pocket listing at $2.9 million, and then it came on the market at $2,745,000. The 1959 house has real merits—huge windows, airy ceilings, terrazzo floors, 1.15 acres of land. (And it helps that the current owner has impeccable haute-boho taste.) All it really needs is air conditioning; broker Eric Haskell of the Agency says he got an estimate of $5,500 to install it. The new price: $2.385 million.
A drone’s flight away, the “mini horse ranchette”* at 2136 Foothill Lane is like the more professional older sibling of 1815 Gibraltar: They share genetic traits, but they made different life choices. It was listed at $2.6 million last October, then cute to $2.5 and pulled; it came back online in June at $2.4, and now it’s at $2.3. (*Could it be that they raise tiny horses?)
Over in Hope Ranch, among three properties to have been pricechopped—999 Camino Medio (now at $2.85 million), 801 Via Tranquila ($3.475 million), and 895 Via Hierba ($2.3 million)— I think I’d take the latter and redo it. The 1945 ranch house looks like it has potential, although I may be getting swayed by that room with the green ceiling and tomato-red sofa. Also, note that the lot has roads on both sides.
And in Montecito, the 6,000-square-foot house at 540 Maclean Lane in the Birnam Wood development looks unassuming from the outside, but inside is another story. It was listed in June of 2018 at $5.95 million, then removed; it came back for another try this past April at $5.75, and now it’s at $5.295, apparently ready to get serious.