Classic Montecito Estate Sells for Nearly Half Off the Initial Asking Price

Last week’s sales….

2925 SYCAMORE CANYON ROAD
Designed by George Washington Smith and built in 1929, Los Sueños is quintessential Montecito—the architecture, the 3.36 acres of grounds, and the central location. The interiors are ready for a new chapter, but that square swimming pool is pure glamour. And then there’s the tower: I once got a chance to explore it; the four floors are home to—starting from the bottom—a tiny living area, kitchenette, bathroom, and bedroom, all connected by a spiral staircase.
Listed: $33 million in October 2023, cut four times to $19.5 million.
Closed: $17.25 million.

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1435 E. MOUNTAIN DRIVE
Off-market sale of a 2004 three-bedroom on 1.765 acres. It previously sold for $11.406 million in May 2023.
Listed: N/A.
Closed: $22.5 million.

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1835 SANTA MONICA ROAD
21-acre property in Carpinteria’s Rancho Monte Alegre community with an avocado orchard, “historic gardens, a weathered barn, rustic bunkhouse, a lemon packing house converted into an enchanted home, and the timeless dwellings of farm workers.”
Listed: $10.995 million in January 2024.
Closed: $8 million.

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27 SEAVIEW DRIVE
Two-bedroom, two-and-a-half-bathroom condo in Montecito Shores.
Listed: $6.495 million in April 2025, cut to $5.995 million two months later.
Closed: $5.25 million.

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630 LITCHFIELD LANE
Spec reno of a 1962 Alta Mesa four-bedroom; the seller paid $2.827 million last March.
Listed: $3.495 million in September 2025.
Closed: $3.45 million.

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1076 CHELTENHAM ROAD
Floops of a 1956 Mission Canyon three-bedroom opened up to the back; the seller paid $2.85 in March 2024.
Listed: $3.25 million in August 2025.
Closed: $3.225 million.

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124 LA MARINA DRIVE
1951 two-story fixer on the Mesa.
Listed: $3.45 million in April 2025, cut twice to $3.195 million.
Closed: $3.15 million.

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510 SCENIC DRIVE
1955 house two-bedroom above the Montecito Club golf course.
Listed: $2.5 million in September 2025.
Closed: $2.5 million.

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And a few others worth checking out:
••• 3217 Calle Cedro: $2.485 million.
••• 955 San Antonio Creek Road: $2.37 million.
••• 1024 Garden Street #4: $2.282 million.

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