Montecito Mansion Flipped for $29 Million

Areas beyond Montecito—including the Riviera and Yankee Farm—now appear to have caught fire. Pictured above: 395 Asegra Road, above Summerland (third entry below).

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1590 E. MOUNTAIN DRIVE
A month after buying the property for $27 million, someone flipped it off-market for $29 million.
Listed: N/A.
Closed:
$29 million.

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700 PICACHO LANE
The Wall Street Journal reported that Rob and Sheryl Lowe sold their house for $45.5 million, but the county clerk’s records say it was $44.5 million.
Listed: $47 million in 2018, and more recently $42.5 million.
Closed:
$44.5 million.

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395 ASEGRA ROAD
New age compound above Summerland.
Listed: $11.5 million in March 2019, and more recently at $8.75 million.
Closed: $8.55 million.

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1321 SCHOOL HOUSE ROAD
1929 Tudor by George Washington Smith.
Listed: $5.99 million in March 2020.
Closed: $4.94 million.

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1630 MIRA VISTA AVENUE
1948 house on the Riviera.
Listed: $5.5 million in April 2020.
Closed: $4.45 million.

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476 BRAEMAR RANCH LANE
Yankee Farm–area house with a lot of amenities.
Listed: $3.895 million in August 2020.
Closed: $3.946 million.

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1915 SANTA MONICA ROAD
Twenty-four acres above Carpinteria with a 1900 ranch house.
Listed: $4.35 million in June 2018.
Closed: $3.825 million.

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118 CALLE BELLO
Eucalyptus Hill house that wants attention.
Listed: $4.165 million in April 2019.
Closed: $3.595 million.

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30 PUEBLO VISTA ROAD
Spanish on the Riviera.
Listed: $2.95 million in September 2020.
Closed: $3.018 million.

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1255 FERRELO ROAD
Lower Riviera spec renovation paid off: the seller paid $1.6 million in April 2019.
Listed: $2.95 million in August 2020.
Closed: $2.95 million.

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701 PARK LANE
Teardown in a prime location.
Listed: $2.995 million in August 2020.
Closed: $2.9 million.

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310 E. CANON PERDIDO STREET
Downtown duplex with El Caserio stylings.
Listed: $2.599 million in October 2019.
Closed: $2.15 million.

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2942 TORITO ROAD
1950 adobe in Toro Canyon with expectations that proved unrealistic.
Listed: $3.475 million in July 2018, and more recently at $2.475 million.
Closed: $2.02 million.

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