Montecito “Dream Home” Drops Its Price by $986,000

857 Picacho Lane (↓$986K to $7M) was the property that taught me something about the phrase “dream home”—i.e., it usually means that whoever built it made idiosyncratic choices that the broker can’t really explain otherwise. That could mean the gingerbread facade, the pair of offices, the media room with windows at the ceiling, the sleeping porch (below), the lack of a pool…. One thing I definitely loved was the fireplace on the front porch.

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Not too far away, the Spanish house at 660 El Bosque Road (↓$297K to $4.9M)—was built in 1990 but it feels like it’s been there much longer. Lighten up the decor and spruce up the landscaping and you could have a truly lovely house (but with a carport instead of a garage).

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Who needs a StairMaster? At 3000 Foothill Road (↓$250K to $3.55M), where 192 meets Toro Canyon Road, you earn that view with stairs from the garage or motor court to the main and master bedroom levels. The stairs are what they are, but surely the arch is removable.

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Over in Hope Ranch, 4035 Ramitas Road (↓$100K to $2.6M) has all the character you’d expect from a house built in 1930—a rare bird in that neck of the woods. (That’s two orange houses in a row. Let’s hope it doesn’t become a trend.)

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How do you say “dream home” in Arabic? The broker at 956 Via Fruteria (↓$1.6M to $8.3M) in Hope Ranch might know, given the way the owners went all in on the Moroccan touches. My favorite detail, however, is the fountains spitting water into the pool.

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