Glamorous Montecito Estate Sells for a Big Profit

Last week’s sales….

4621 VIA ROBLADA
13,467-square-footer on 10 acres in Hope Ranch; built in 1995 but no interior photos, so presumably it needs work.
Listed: $16.95 million in May 2022, raised to $16.995 million the next day.
Closed: $17.25 million.

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770 HOT SPRINGS ROAD (ABOVE)
Large, renovated 1929 Montecito estate designed by George Washington Smith and Lutah Maria Riggs. The sellers paid just $4.4 million in early 2019; even considering the money and effort they put into rehabilitating the property, they had to come out smelling like a rose.
Listed: $19.995 million in March 2022, cut to $18.5 million in June 2022.
Closed: $17 million.

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619 CHRISTMAS TREE LANE
Off-market sale of five-bedroom house built in 2019.
Listed: N/A.
Closed: $2.8 million.

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20 EL PRADO PLACE
Samarkand four-bedroom.
Listed: $2.5 million in June 2022.
Closed: $2.5 million.

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2818 VALENCIA DRIVE
2005 San Roque three-bedroom.
Listed: $2.175 million in June 2022.
Closed: $2.475 million.

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427/429 ALAMEDA PADRE SERRA
Eastside duplex.
Listed: $2.095 million in June 2022.
Closed: $2.2 million.

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4009 PRIMAVERA ROAD
1985 five-bedroom between La Colina Junior High and Bishop Garcia Diego High School.
Listed: $2.395 million in June 2022, cut to $2.175 million a month later.
Closed: $2.175 million.

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1911 GRAND AVENUE
1920 Lower Riviera Craftsman.
Listed: $2.295 million in June 2022, cut to $2.095 million in July 2022.
Closed: $1.95 million.

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3 Comments

Douglas Mark MacGillvray

4621 via Roblada is about 7 acres or so. The vacant lots on either side (neither has an address) are both a little over three acres.

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Penelope Bianchi

Beautiful restoration on Hot Springs. No awful can lights puncturing the ceilings, lovely appropriate light fixtures throughout. Modernized with keeping the classic architecture and finishes. An example of taste and respect fora beautiful masterpiece. I hope others will follow this successful example of a restoration.

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