The sales are still coming through, but there are signs— properties sitting longer, prices getting cut—that the market is cooling way down.
1530 LINGATE LANE (ABOVE)
Ellen DeGeneres and Portia de Rossi bought the 1925 three-bedroom house for $8.068 million in April and promptly turned around and offered it as pocket listing. Another Hedgerow property they bought at the same time (for $5.4 million), 1530 Willina Lane, was put on the market, too—but then pulled before it sold.
Listed: $9 million.
Closed: $8.409 million.
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175 MIRAMAR AVENUE
Larry David of “Curb Your Enthusiasm” paid $5.7 million for this 1929 Hedgerow classic in October 2021, but it evidently didn’t stick.
Listed: $6.9 million as a pocket listing.
Closed: $6.9 million.
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1922 JELINDA DRIVE
Boxy 1985 house in Ennisbrook but not officially part of it.
Listed: $7.25 million in May 2022, cut to $6.995 million a month later.
Closed: $6.9 million.
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2439 SANTA BARBARA STREET
1964 Upper East four-bedroom given a contemporary redo.
Listed: $4.45 million in October 2020, pulled in the following January.
Closed: $5.275 million.
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1371 PLAZA PACIFICA
Ground-floor two-bedroom in Bonnymede.
Listed: $3.6 million in June 2022.
Closed: $4 million.
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504 HODGES LANE
Whoever paid $3 million last month for this Montecito teardown immediately flipped it in an off-market deal.
Listed: N/A.
Closed: $3.45 million.
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1585 SAN MARCOS PASS ROAD
12.3-acre lot sold at auction.
Listed: $8 million in January 2022, cut four times to $4.7 million before being put up for auction.
Closed: $1.988 million.
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And a couple others worth checking out:
••• 5322 Orchard Park Lane: $2.25 million.
••• 3707 Lido Way: $2 million.
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