Noteworthy new listings….
When 2900 Sycamore Canyon Road ($6.25 million) was last put on the market in May 2018, it was priced at $4.5 million —and it didn’t move until the pandemic caused a feeding frenzy. Now the current owners, who paid $4.655 million three months ago, have decided to try and flip it. With the exception of a new kitchen island (in a different material than the other counters…), the 1964 Neoclassical house hasn’t changed: it’s still turnkey, the floor plan still flows nicely, the rooms are still generously sized, there’s still very little usable land, and the road noise is still inescapable. But even if the house hasn’t changed, the market sure has, and if we’ve learned anything in the past year and a half, it’s that a lot of people want to live in Montecito very badly.
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The 1981 house at 1123 Glenview Road ($5.995 million) on Pepper Hill has terrific ocean views, but the kitchen is L-shaped, the two guest rooms share a bath, and the benefits of the main-floor master bedroom are undercut by so much of the property being accessed via stairs. The views might be enough to carry the day—along with the potential in the undeveloped part to the west.
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I like the location of 414 Sea Ranch Drive ($4.5 million), on 1.3 acres in west Campanil, and some of the rooms have potential, but the floor plan is a dud. (That dining room, the three bedrooms sharing one hallway bath, no garage.) Teardown?
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4004 Via Laguna ($3.995 million), on one acre in Hope Ranch, needs plenty of work, inside and out. Still, it’s easy to see someone bringing it back—bar and all—to its 1966 glory.
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I wish we had a floor plan for 350 Miradero Lane ($3.295 million), a 1950 house converted into “an extended family resort,” so we could tell whether the choices made over the past 40 years are overly idiosyncratic. There are many appealing moments, and a showroom’s worth of ceiling styles, and the location next to Mission Creek provides a privacy buffer. The large apartment complex nearby does cause some concern.
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Near the very end of Toro Canyon Road, 1150 Toro Canyon Road ($1.45 million) is a two-bedroom, one-bath cabin on 10 acres. It’d make a sweet weekend getaway, especially if you can access the trail system, as it appears you might. N.B. The seller paid $870,000 two years ago.
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And a couple others worth checking out:
••• 1034 Ladera Lane ($1.395 million): Attempted flip of 10 acres up near Viola Lane; the seller paid $800,000 in February 2020.
••• 1737 Loma Street ($2.5 million): 1987 Mediterranean on the Lower Riviera.
••• 1208 Castillo Street ($1.595 million): Nice little Westside house; whether it’s really “the Crown Jewel of Castillo” is anyone’s guess (below).
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