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Hammer Time!

May 6, 2024

  • Hammer Time!

A Santa Barbara Landmark Is Headed to Auction

The former St. Anthony’s Seminary complex at 2300 Garden Street will be auctioned off next month. This marks the second major change for the area around the Mission, what with a seven-story apartment complex proposed for the neighboring Mount Calvary Monastery property. 25

January 28, 2021

  • Hammer Time!

Is It Too Early to Call This the Real Estate Bargain of the Year?

Someone snagged 207 acres just west of the Ritz-Carlton Bacara—with a mile and a half of ocean frontage—for a song.

June 15, 2020

  • Hammer Time!

Another Montecito Estate Will Try Its Luck at Auction

It's a bold move, when you consider how the last two fared.

January 14, 2020

  • Hammer Time!

Another Historic Montecito Estate Is Headed to Auction

Designed by noted architect Lutah Maria Riggs in the early 1930s, the 2.1-acre property has a Hollywood glamour—and a peachy exterior—reminiscent of the Hotel Bel-Air and Beverly Hills Hotel. It was most recently listed for $12.5 million.

November 18, 2019

  • Hammer Time!

This 1927 Montecito Estate Is Heading to Auction

There's a lot to like about the location, but the house—currently listed for $7 million—isn't in great shape, and anyone hoping to tear it down might face objections from the county. So this ought to be interesting....

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Recent Comments

The bigger factor is that if an owner accepted lower (aka "market") rent, it would reduce the overall value of the property on paper. Which,… — Sean

Rich - No. They get the depreciation regardless of whether it's leased or vacant. — Jefferson A.

Depreciation. — Rich

Apzer, can you please direct me to the IRS rule where i can deduct rental losses? i have never heard of such a thing, and… — Derek

The "pedestrian mall" along state street is more like an e-bike tournament venue — Bettye Jones

Apzer, that is totally false on landlords receiving a financial benefit for vacant properties. Please don't spread misinformation. — Jefferson A.

I don't think they're all greedy but there's a financial benefit to claim a loss on a vacant property while holding out for someone to… — apzer

“More vibrant than ever”? We can debate the causes but it is a far cry from the most vibrant it’s ever been… — BW

“Editor's note: This story has been updated to clarify the action taken by the City Council and its next steps” The VC Star Article was… — Tristen

From the article, it seems like it's not a done deal, but yes, it would be a terrible loss for Ventura. A good reminder for… — Sean

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