Six-Acre Compound in the Upper Village Sells for $47.59 Million

Last week’s sales….

1545 EAST VALLEY ROAD
Off-market sale of a six-acre compound just off the Upper Village. (Love this from Redfin: “It last sold on October 10, 2025, for $47,590,000. Based on Redfin’s Santa Barbara data, we estimate the home’s value is $15,165,914.”)
Listed: N/A.
Closed: $47.59 million.

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840 IVY LANE (ALSO ABOVE)
1984 house in Riven Rock on a flat-ish acre with a guest house on the far side of the pool. The seller paid $6.4 million in December 2022.
Listed: $7.995 million in October 2024, cut twice to $7.195 million.
Closed: $7 million.

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2082 LAS CANOAS ROAD
Brand-new four-bedroom offered “mid-construction” in 2021 for $4.5 million.
Listed: $10.95 million in January 2025, cut seven times to $5.495 million.
Closed: $5.4 million.

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454 MEADOWBROOK DRIVE
A painful floops: The seller of this Ennisbrook casita paid $5.95 million in February 2024.
Listed: $6.395 million in December 2024, cut to $5.995 million in June 2025.
Closed: $5.2 million.

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1116 HILL ROAD
1958 three-bedroom near Butterfly Beach.
Listed: $4.295 million in May 2025, cut twice to $3.995 million.
Closed: $3.81 million.

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1609 GARDEN STREET
Renovated 1902 Queen Anne between Arrellaga and Valerio; the seller paid $1.998 million in October 2024.
Listed: $3.775 million in August 2025
Closed: $3.65 million.

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4943 YAPLE AVENUE
Spec reno of a two-story 1961 five-bedroom west of N. Turnpike Road; the seller paid $2.085 million in September 2024.
Listed: $3.649 million in August 2025.
Closed: $3.55 million.

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919 ALEEDA LANE
Another floops loss: the seller of this 1980 Montecito three-bedroom paid $3.9 million in January 2024.
Listed: $4.199 million in March 2025, cut three times to $3.595 million.
Closed: $3.494 million.

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531 CHAPALA STREET #B
Off-market sale of a two-bedroom apartment in Jeff Shelton’s El Andaluz building.
Listed: N/A.
Closed: $3.45 million.

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2480 FOOTHILL ROAD
Floops of a 1927 Craftsman four-bedroom that sold for $3 million in May 2024.
Listed: $3.495 million in August 2025, cut to $3.295 million after a month.
Closed: $3.108 million.

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Also worth checking out:
••• 109 Coronada Circle: $2.9 million (below).
••• 1075 Toro Canyon Road: $2 million.

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