Four-Cottage Compound at Miramar Beach Nets a $3 Million Pandemic Premium

Last week’s notable sales….

15 MIRAMAR AVENUE (SEE BELOW)
Off-market sale of four-cottage compound next to the Miramar resort and steps from the beach; includes 66, 68, and 70 Eucalyptus Lane.
Listed: $5.1 million in June 2019, then cut twice in four months to $4.725 million before it was taken off the market.
Closed: $7.675 million.
UPDATE 9/23: A reader says that it was 1 Miramar Avenue, not 15 Miramar Avenue, that closed for $7.675 million. (The title report will likely be updated accordingly.) I’ll include 1 Miramar Avenue in the next Hot Property roundup. For what it’s worth, 15 Miramar Avenue changed hands for $7 million earlier this year in an off-market deal. And 1 Miramar is the house at the top of the above photo.

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8 RINCON POINT LANE
Three-bedroom beachfront condo in Rincon.
Listed: $6.395 million in August 2021.
Closed: $6.3 million.

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250 BONNIE LANE
Four-bedroom walkable to Montecito Union School.
Listed: $4.995 million in August 2021.
Closed: $5.215 million.

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616 SEA RANCH DRIVE
1968 Campanil house in need of reinvention.
Listed: $4.5 million in August 2021.
Closed: $4.3 million.

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1435 ESTRELLA DRIVE
Fixer on 3.4-acre lot in Hope Ranch.
Listed: $4.895 million in June 2021.
Closed: $3.925 million.

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1385 OAK CREEK CANYON ROAD
Off-market flip of three-acre vacant lot (very little of which is usable); the seller paid $2.625 million a year ago.
Listed: N/A.
Closed: $3.625 million.

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813 ASHLEY ROAD
Suburban-looking outside, but potential inside.
Listed: $3.895 million in July 2021, cut to $3.695 a month later.
Closed: $3.597 million.

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150 SANTA ELENA LANE
1955 house with some floor plan issues.
Listed: $3.495 million in August 2021.
Closed: $3.569 million.

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820 SUMMIT ROAD
Off-market flip of a midcentury house on Eucalyptus Hill purchased in July for $3.25 million.
Listed: N/A.
Closed: $3.45 million.

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And a few others worth checking out (*from the previous week):
••• 1863 San Leandro Lane: $2.95 million.*
••• 404 Los Robles Lane: $2.7 million.
••• 2948 Torito Road: $2.38 million.
••• 354 Arroyo Road: $2.35 million.
••• 1779 San Leandro Lane: $2.35 million.*
••• 402 Anacapa Street: $2.301 million.
••• 2141 Ridge Lane: $2.3 million (below).
••• 220 Santa Catalina Street: $2.2 million.
••• 1741 La Coronilla Drive: $2.05 million.
••• 402 Venado Drive: $2 million.

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