Abutting the Rosewood Miramar resort, 15 Miramar Avenue (↓$264K to $4.725M) is “four charming cottages on nearly half an acre” and a short walk to the beach. It seems likely the cottages will end up as vacation rentals, but we can dream about someone turning them into a compound. I wonder if there’s any way to combine them…. P.S. 1 Miramar Avenue, next door, is also for sale.
The new price of 365 Loma Media Road (↓$100K to $3.1M) makes it seem like a decent deal. The inside is pretty generic, having received a spec renovation, but the views are terrific. / Open Sunday, 2-4 p.m.
The setting of 3102 Sea Cliff (↓$400K to $8.6M) is lovely, but odds are good any buyer is going to want to update every surface. That leads to the big question: How much money should you put into the property, given that there’s a cap to how much you can expect to get out? Do you really want to be in for $10 million? In an area that’s not Montecito or Padaro?
I like 1746 Prospect Avenue (↓$96K to $1.8M) in the Lower Riviera so much that I’m including it in the open house roundup and here. Go visit it this weekend! Pictured below: the stairs up from the street. / Open Saturday and Sunday, 2-4 p.m.
The puzzle of 618 Hot Springs Road (↓$300K to $5.2M) remains unsolved. As I wrote a month ago, parts of the house have obvious midcentury appeal, while others are lacking. That’s all probably fixable, but the question is, what do you do with the lower acre? (You can’t build on it.) You could fill in the pool that’s currently behind the house and dig a new one further down…. Or is the current structure doomed to be a teardown? / Open Sunday, 1-3 p.m.