New Downtown Penthouse Sells for $3.45 Million

Last week’s sales….

225 LINDBERG LANE
40-acre lot in Carpinteria’s Rancho Monte Alegre; the seller paid $5 million in December 2021.
Listed: $5.995 million in May 2022, cut to $5.5 million in September.
Closed: $4.9 million.

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4200 MARINA DRIVE
Hope Ranch Fixer/teardown on 3.77 acres; the seller paid $4.75 million in February 2021.
Listed: $4.95 million in December 2022.
Closed: $4.95 million.

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24 W. GUTIERREZ STREET #A
3,266-square-foot penthouse in new apartment building.
Listed: $3.45 million in June 2020.
Closed: $3.45 million.

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315 STANLEY DRIVE
Samarkand three-bedroom with appealing outdoor space; the seller paid $1.325 million in December 2021.
Listed: $2.475 million in October 2022.
Closed: $2.475 million.

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2690 GIBRALTAR ROAD
1999 two-bedroom on 22 acres; sold in bankruptcy court.
Listed: $3 million in July 2017, then cut and raised again several times over the years (to as low as $2.01 million); most recently, the price was $2.405 million.
Closed: $2.395 million.

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3502 LA ENTRADA DRIVE
Hidden Valley three-bedroom with quite the covered terrace.
Listed: $2.5 million in July 2022, cut to $2.295 million after three months.
Closed: $1.98 million.

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3 Comments

Sam Tababa

Those houses on Gibraltar are bought and sold every few years in and out of foreclosure and bankruptcy. I always wonder who the next sucker is who purchases them. Between fires, the long narrow, winding road and the constant flow of bicyclists and clueless tourists who drive up and down Gibraltar, that view likely becomes old very fast. But what a view!

There is a newer house that has disrupted the mountain. Its facade is visible from halfway to Santa Cruz Island. They cut into the corner of the mountain and built a 5 story tall rock /retaining wall. All while closing off what was the best view stop on the road. One that was in use for over 100 years. There is not another more visually disruptive build in all of SB. Makes me wonder if there are any actual regulators regulating our county any longer…

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