Multimillion-Dollar Flip in the Golden Quadrangle

Notable sales from the past seven days….

1445 E. MOUNTAIN DRIVE
When the property was listed last month, I was sleeping and missed that it was a major flip attempt—the seller paid $6.07 million in January, and he/she clearly made off like a bandit. Note: The photos on Zillow are from the last time it sold, if you’d like to compare.
Listed: $8.45 million in June 2021.
Closed: $8.8 million.

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4403 VIA ABRIGADA
In Hope Ranch, $7 million used to reliably get you a house with an ocean view; now it gets you a teardown with an ocean view.
Listed: $7.25 million in May 2021.
Closed: $6.75 million.

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700 RIVEN ROCK ROAD
2.5-acre vacant lot at the corner of Hot Springs Road with plans by Studio Willam Hefner.
Listed: $5.995 million in October 2016, cut to as low as $3.975 million in March 2019, and most recently listed for $4.95 million.
Closed: $4.85 million.

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3202 BRAEMAR DRIVE
Dated surfaces on an acre in Yankee Farm.
Listed: $3.75 million in June 2021.
Closed: $4.3 million.

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4101 MARIPOSA DRIVE
Yet another Hope Ranch teardown.
Listed: $2.995 million in June 2021.
Closed: $3.125 million.

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And a few others worth checking out:
••• 448 Alan Road: $2.893 million.
••• 521 Scenic Drive: $2.875 million.
••• 209 Bath Street: $2.7 million.
••• 652 Via Trepadora: $2.65 million.
••• 725 N. Ontare Road: $2.65 million.
••• 2215 Elise Way: $2.584 million (below).

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Comment:

One Comment

Maryanne Brillhart

Have loved walking by the special Riven Rock property for decades. But, so happy to see that it sold for a good price and will feature our favorite Hefner design.

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