Real estate keeps trading like crazy—and the word on the street is that more major sales are on the way. Notable closings from the past week….
1655 FERNALD POINT LANE
Off-market sale of a big, prominent beach compound. From MLS: “8,000 sq.ft. two story Nantucket style 3 bedroom/5.5 bath main residence, 2 bedroom/2 bath guest house and charming studio apartment on 1.13 acres with 130 feet of beach frontage.”
Closed: $45 million.
700 PARK LANE
El Miraval, the 1923 estate designed by George Washington Smith with gardens by Lockwood de Forest, finally sold for nearly $5 million off the initial ask. According to Dirt, the buyers are Maroon 5 singer Adam Levine and model Behati Prinsloo.
Listed: $29.5 million in 2015, then after a break, back on the market for $27.5 million.
Closed: $22.7 million.
71 HOLLISTER RANCH ROAD
105-acre oceanfront parcel in Hollister Ranch. At this price, the house is likely a teardown or getting relegated as a guest house.
Listed: $15.95 million in June 2020, then cut twice till it was at $13.45 million.
Closed: $12.5 million.
1525 MIMOSA LANE
Off-market sale of Hedgerow house that sold for $4.7 million in July 2020.
Closed: $7.2 million.
849 ASHLEY ROAD
Montecito Mediterranean that could use updating.
Listed: $4.995 million in January 2021.
Closed: $5.05 million.
4660 VIA ROBLADA
I called the house mediocre when it first came on the market, and then—having forgotten that first impression—admired it two months later when it returned. That’s the power of good staging.
Listed: $4.695 million in November 2020.
Closed: $4.791 million.
4464 VIA ALEGRE
Even this nutty Hope Ranch house sold for over ask! I hope we get to see the “after” photos.
Listed: $4.5 million in January 2021.
Closed: $4.75 million.
1930 MISSION RIDGE ROAD
Off-market sale of a 1917 Riviera property.
Listed: $4.35 million
Closed: $4.45 million.
1255 MESA ROAD
Off-market sale of house near Coast Village Road.
Listed: $3.8 million.
Closed: $4.4 million.
1931 GARDEN STREET
Snazzy renovation in the Upper East.
Listed: $3.895 million in January 2021.
Closed: $3.675 million.
567 LITCHFIELD LANE
.8-acre knoll-top lot on the Mesa with a teardown house.
Listed: $2.995 million in January 2021.
Closed: $3.382 million.
And a few others worth checking out:
••• 748 Mission Canyon Road: $2.9 million
••• 1384 Shoreline Drive: $2.85 million
••• 3938 Laguna Blanca Drive: $2.6 million
••• 871 Deerpath Road: $2.44 million
••• 901 Aleeda Lane: $2.35 million
••• 1712 Anacapa Street: $2.35 million
••• 1585 Overlook Lane: $2.02 million
••• 1269 Ferrelo Road: $2 million
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