Noteworthy new listings….
The seller of 2937 Padaro Lane ($100 million) seems to think the answer to the question in the headline is yes, because there isn’t much else to justify that price. The majority of the 4.2 acres is far from the water—in the first photo below, 2937 Padaro is the wooded area to the right of the cleared land—and the 2,514-square-foot, three-bedroom house is nothing special. In fact, it doesn’t even appear to have an ocean view. Maybe $30 million…?
Built in 1949, Hope Ranch’s 4335 Marina Drive ($15.95 million) is pretty lovable, with a dramatic approach from the street, oodles of old-house charm in the common rooms, and a gorgeous oceanfront lawn. Lovable ain’t necessarily livable, however: the primary bedroom is upstairs, the two ground-floor bedrooms share a bath, and many surfaces need updating. (There’s also an adjoining guest house.) You’ll have to befriend a neighbor for beach access. P.S. The master bathroom, with the atrium window, is bigger than my garage.
Down the street, 4163 Marina Drive ($8.599 million) is a 1958 ranch house that has been upgraded and elevated over the years into a very livable property. The seller paid $6.625 million two years ago, and made a few improvements—particularly welcome is the new coffered ceiling in the primary bedroom. If you’re interested in turnkey Hope Ranch, it’s definitely worth a look. P.S. Unlike so many guest houses, this one doesn’t feel like an afterthought.
The 2014 house at 810 Coyote Road ($5.595 million), designed by DesignArc and built by Leonard Unander Associates, has a nice flow, a terrific kitchen, and a living room that opens out to a lovely terrace. Less appealing is the guest-room bath that’s not walled off, but that looks fixable.
The 1970s houses at 216 La Vista Grande ($2.295 million) and 240 La Vista Grande ($2.295 million, in escrow) on Eucalyptus Hill make for an interesting compare-and-contrast. Both need updating; both have potential.
I suspect 1434 School House Road ($2.25 million) will go for (relatively) way over ask, even though the 1927 house needs a thorough renovation and the floor plan is a conundrum. There just isn’t ever much at this price point in Montecito, especially near Montecito Union School. Plus, you get three storage sheds, a meditation gazebo, and a badminton court.
Over neat the San Marcos Foothills Nature Preserve, 998 Cieneguitas Road ($1.775 million) has midcentury flair, at least on the back side. It’s right next to Santa Barbara Community Church, so Sunday mornings might be less than relaxing.
And a few others worth checking out:
••• 1968 Inverness Lane ($3.495 million): Birnam Wood two-bedroom on a cul-de-sac needs a total redo; here’s hoping the poolside mosaic mural survives (above).
••• 4560 Via Esperanza ($4.495 million): Hope Ranch lot with slick renderings by Anacapa Architecture.
••• 7761 Sora Court ($2.55 million): Solid-looking house in a part of Goleta I didn’t know existed. Time for a walk….
••• 1705 Sycamore Canyon Road ($2.195 million): Mini compound on six acres (much of which is unusable) with 450 avocado trees (below). Already in escrow.
••• 2426 Fletcher Avenue ($1.325 million): 1920 Craftsman bungalow in Oak Park being offered as a potential development opportunity.
••• 4177 Venice Lane ($2.195 million): Cute Carpinteria house that looks like a spec reno (the seller paid $890,000 in 2019), but does it pass the cannabis sniff test?
••• 1060 Monte Drive ($2.1 million): Hope Ranch fixer.
••• 1637 Miramesa Drive ($2.495 million): Mesa house that’s a bit chilly from the street and with little usable land, but a nice ocean view if you read between the power lines.
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