Santa Barbara’s Insane Real Estate Year Ends With Yet Another Bang

The noteworthy sales from the past seven days (and there’s at least one above $8 million expected next week)….

851 BUENA VISTA DRIVE
After Marc and Elisa Stad of San Francisco bought the property in September, they decided they’d rather have a different mansion. So they put this one on the market for $13.5 million and it sold almost immediately.
Listed: $13.5 million in December 2020.
Closed: $13.25 million.

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3579 PADARO LANE
Beachfront Cape Cod built in 2007.
Listed: $11.75 million in September 2020.
Closed: $11 million.

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2838 EAST VALLEY ROAD
Mini compound on 1.7 acres with a slice of ocean view.
Listed: $6.95 million in June 2020.
Closed: $6 million.

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2501 GIBRALTAR ROAD
From the listing: “19.4 acres, where Mount Calvary Monastery once stood on three lots, awaits a new steward. Sandstone walls, rock labyrinth, spectacular sunsets, and mature native landscaping decorate this renowned site. […] The property offers a casita, utilities and its own designated fire hydrant.”
Listed: $4.4 million in September 2020.
Closed: $3.5 million.

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902 E. ALAMAR AVENUE
Three parcels on 10 acres with a Mediterranean house that wants updating.
Listed: $3.25 million in May 2020.
Closed: $2.9 million.

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1170 PALOMINO ROAD
Quirky Spanish with broad views.
Listed: $2.695 million in September 2020.
Closed: $2.35 million.

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210 LAS ALTURAS ROAD
Aesthetically challenged five-bedroom house on the Riviera.
Listed: $2.85 million in October 2020.
Closed: $2.1 million.

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2996 KENMORE PLACE
1949 cottage in Mission Canyon. I’d like to see what the new owner does with it….
Listed: $1.295 million in November 2020.
Closed: $1.352 million.

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