Rare is the high-end property around here that sells for the initial asking price. The question is: how far does the number have to drop before someone bites? Here are the week’s top reductions….
715 Ladera Lane (↓$1M to $8.65M) in Montecito has a lot going on, decor-wise; stripping some of it away would leave you in a better, calmer place. (Whether to keep the room painted Yves Klein blue is an open question.) Love the roof deck atop the single-level wing.
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Having started out in April of 2018 at $5 million, 1570 San Leandro Lane (↓$255K to $3.995M) in the Hedgerow is looking pretty juicy after another significant reduction and a new staging. The living room with huge picture window looking out to the backyard is a stunner. Try to imagine it with wood floors….
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The 1970s style that feels fresh these days—at least to me—is in evidence at 1042 Las Alturas Road (↓$200K to $2.75M). A downside: it’s bordered by streets on three sides.
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In 2014, someone bought the 1930 house at 848 Picacho Lane (↓$1.3M to $13.75M) in Montecito for $5.5 million, and then had Jon Sorrell of Sorrell Design thoroughly reinvent it. He stayed close to the original footprint; photos of the house as it used to be are here.
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That exterior photo of 3090 Hidden Valley Lane (↓$955K to $7.995M) makes me swoon—the pink facade, two levels, bunya-bunya tree, infinity pool, and mountain backdrop…. Inside doesn’t have quite the same allure, but there’s potential.
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