Hope Ranch Fixer Floopsed for $800,000 Loss

Last week’s sales….

4475 VIA ABRIGADA
Off-market floops of a 1963 fixer—around 6,000 square feet and nearly entirely single-level, with ocean and mountain views—on 5.5 acres in Hope Ranch. The seller paid $13 million last May.
Listed: N/A.
Closed: $12.2 million.

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655 EL BOSQUE ROAD
Off-market sale of charming 1930 three-bedroom outside the Upper Village.
Listed: N/A.
Closed: $12 million.

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4672 VIA ROBLADA
Solid 1998 six-bedroom  on 1.7 acres in Hope Ranch “with a pool and spa, open cabana with fireplace and BBQ, bocce court, and a six-hole putting green.”
Listed: $7.95 million in September 2025.
Closed: $7.8 million.

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4530 VIA CLARICE
1980s house on San Antonio Creek Road; the seller paid $4.6 million—nearly $1 million over ask—in May 2022.
Listed: $4.995 million in April 2025, cut twice to $4.495 million.
Closed: $4.45 million.

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214 VIA SEVILLA
West Mesa spec reno boasting size and and move-in-readiness.
Listed: $4.495 in September 2025.
Closed: $4.392 million.

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872 LADERA LANE
Entry-level Montecito three-bedroom.
Listed: $3.995 million in April 2025, cut three times to $3.6 million.
Closed: $3.5 million.

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128 LAS ALTURAS ROAD
Another floops: the seller paid $3.15 million in May 2024 and didn’t do anything beyond commissioning plans—”in the final stages of conceptual approval from the city”—for a remodel.
Listed: $3.65 million in June 2025, cut three times to $3.249 million.
Closed: $3.249 million.

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5850 CASITAS PASS ROAD
40-acre avocado farm with a three-bedroom house.
Listed: $3.45 million in April 2024, cut twice to $2.95 million.
Closed: $2.865 million.

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540 MIRAMONTE DRIVE
1964 three-bedroom with a great view.
Listed: $2.475 million in September 2025.
Closed: $2.8 million.

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15 LOMA MEDIA ROAD
Yet another floops: the seller paid $2.494 million in September 2024 for the pair of one-bedroom villas in a romantic Riviera setting.
Listed: $2.995 million in June 2025, cut to $2.795 million after three months.
Closed: $2.725 million.

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And a few others worth checking out:
••• 4436 Meadowlark Lane: $2.495 million.
••• 4477 Shadow Hills Boulevard #A: $2.385 million.
••• 3738 Meru Lane: $2.185 million.
••• 2560 Calle Galicia: $2.149 million.
••• 1545 Manitou Road: $2 million.

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Comment:

3 Comments

BWinSB

Born and raised here in SB.
Having seen real estate change dramatically over the years, I still can’t wrap my head around current West Mesa pricing.

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Pay

I agree and if people would quit buying at these prices they would even come down lower but everybody thinks oh wow what a deal no don’t buy at these high prices and after a while watch how low the prices become. Where I live person across from me tried to sell for 1.5 million nobody bought it a year and a half later it’s sold for $789,000 what a deal but not at 1.5. he had done updates but it wasn’t spectacular. Just don’t buy it’ll be there a year later trust me!!!

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