Hope Ranch Spec Reno Sells for $4.5 Million Off the Asking Price

Last week’s sales….

4200 MARINA DRIVE
Spec reno—in essence a new-build—of a 1971 single-level Mediterranean on 3.48 acres in Hope Ranch.
Listed: $19.975 million in November 2025.
Closed: $15.495 million.

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1420 ALAMEDA PADRE SERRA
1925 four-bedroom Spanish Colonial, mostly single-level.
Listed: $7.795 million in October 2025, cut to $7.45 million in January 2026.
Closed: $7.25 million.

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3221 CAMPANIL DRIVE
1970s architecture on 1.5 acres; the layout wants rethinking as part of the updating.
Listed: $6.988 million in October 2025, cut to $6.488 million a month later.
Closed: $5.918 million.

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410 CANON DRIVE
The off-market sale of this 1937 three-bedroom across from San Roque Park finally broke the $4 million barrier in San Roque.
Listed: N/A.
Closed: $4 million.
Photo: Courtesy Knight Real Estate Group.

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1395 DANIELSON ROAD
Off-market sale of a three-bedroom house in a 2014 mini-development sort of near Butterfly Beach.
Listed: N/A.
Closed: $3.75 million.

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428 CORONA DEL MAR
1911 cottage near East Beach with an apartment upstairs.
Listed: $3.399 million in October 2025.
Closed: $3.125 million.

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56 LA VUELTA ROAD
Teardown (or a fixer to the studs) with a freestanding garage east of the Hedgerow.
Listed: $2.995 million in January 2026.
Closed: $2.8 million.

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And a few others worth checking out:
••• 138 Serafin Street: $2.55 million.
••• 1322 Anacapa Street: $1.815 million.

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