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October 13, 2020

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Newsletter: October 13

October 13, 2020|by Erik Torkells

EXCLUSIVE
In the biggest real estate deal in Montecito history, the 237-acre Rancho San Carlos traded for $63.25 million. And as if that wasn’t enough, another property went for $49 million.

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JUST LISTED
Ellen DeGeneres and Portia de Rossi have put their Montecito compound on the market for $39.9 million. They enlarged the property by an acre and replaced the rustic Balinese theme with something much cooler and more contemporary. Take a look inside….

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FOOD STUFF
••• Low Pigeon confirmed its plan to open a café/restaurant.
••• Sneak peek inside the Aperitivo wine bar (above).
••• Intermezzo has reopened with a new menu.
••• Telegraph Brewing Company sure looks closed.
••• Profiles of Uncorked and Frinj Coffee.
••• Secret Bao’s udon carbonara.
→ Read the post.

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HOT PROPERTY
The week’s notable sales include a Montecito mansion flipped for $29 million, a New Age compound above Summerland, a midcentury spec renovation, a stylish downtown duplex, and more.

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Just Listed

  • A Zhushfest Way Above E. Mountain Drive
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  • Bumpy 1990s Mediterranean Above Summerland
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Recent Comments

The structure at the top of the landslide was being marketed as a one bedroom house and is now for sale as a lot with… — BillF

Great Idea!! I first set eyes on the Fig Tree, in 75', after getting out of the Army. What I vividly recall, were the number… — Jeff

Lewis Chapel - corner of Santa Barbara Street and Gutierrez Streets. — Stacey

Miramonte… ledgendary party house — Heidi S

AMEN! — Christine!

You are correct. It's a myth. Other than depreciation on a vacant building that is available for lease there are no write-offs. And if you… — Bettye Jones

Carbajal doxing law enforcement is disgusting. When you have 'law makers' running to break the law to secure future votes it has a negative impact… — Lola Machado

"Zhushfest" - you're killing me! LOL — JILLIAN

I laugh so hard when reading your property descriptions, thank you for that! — Susie

The bigger factor is that if an owner accepted lower (aka "market") rent, it would reduce the overall value of the property on paper. Which,… — Sean

Restaurant News

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