Handsome Hope Ranch Renovation Sells for $8.83 Million

Last week’s sales….

4328 VIA ESPERANZA
Handsome single-level, five-bedroom house on 1.44 acres in Hope Ranch.
Listed: $9.65 million in November 2025.
Closed: $8.83 million.

·············

737 SEA RANCH DRIVE
1968 four-bedroom fixer in Campanil.
Listed: $5.5 million in January 2026.
Closed: $5.25 million.

·············

2899 HIDDEN VALLEY LANE (PICTURED AT TOP)
1996 cruciform “Palladian” east of Montecito.
Listed: $4.7 million in July 2025, cut twice to $3.995 million.
Closed: $3.7 million.

·············

5513 CAMINO CERALVO
Spec reno of a 1969 four-bedroom, three-bath above N. Patterson Avenue.
Listed: $3.995 million in December 2025, cut to $3.895 million two months later.
Closed: $3.7 million.

·············

630 RICARDO AVENUE
Off-market sale of an Alta Mesa three-bedroom that must have great views.
Listed: N/A.
Closed: $3.5 million.

·············

2016 FOOTHILL ROAD
1949 house on 1.66 acres that gives off Old California vibes.
Listed: $3.45 million in January 2026.
Closed: $3.2 million.

·············

3520 LA ENTRADA
A.k.a. Rancho Guacamole, between Hidden Valley and Las Positas, in what Google Maps calls County Property.
Listed: $3.75 million in August 2025, cut twice to $2.95 million.
Closed: $2.85 million.

·············

Also worth checking out:
••• 922 Fellowship Road: $2.690 million.
••• 2020 Las Canoas Ridge Way: $2.655 million.
••• 1220 Coast Village Road #307: $2.05 million.
••• 710 Palermo Drive: $2 million.

················

Love real estate? Sign up for the Siteline email newsletter.

Comment:

3 Comments

Heidi Smith

Ricardo Ave does have incredible views, but that is a bonkers price for a former hoarder house.

Reply
Eliza

I agree. I walk by this house often. I can’t imagine paying $3.5 million for it. Thought I did notice a closing price change to $2,799,000. Yes, amazing unblocked views. But you’d have to tear it down after the years of ick. Did you notice? It was purchased in 1988 for $350k. Someone made a great return!

Reply
Erik Torkells

The listing agent says it sold for $3.5 million (and I see the $2.799 million on Redfin, but I don’t know what that’s about).

Reply