Summerland Mansion Finally Sells for $20 Million Off the 2016 Asking Price

Last week’s sales….

120 MONTECITO RANCH LANE
Maybe the knights-and-dragon video did the trick: Patrick and Ursula Nesbitt’s 1980s-style, 27,000-square-foot manor, built in 2005, finally found a new lord.
Listed: $65 million in 2016, cut to $55 million in early 2020; put up for auction (to no avail) in October 2020; relisted for $65 million in late 2020, raised to $70 million in 2023, cut twice to $59.5 million in 2025.
Closed: $45 million.

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2937 PADARO LANE
4.2 acres with private beach access and a 2,514-square-foot, three-bedroom house, but the majority of the lot is far from the water. But maybe you can snag an invitation to use Kevin Costner’s water slide, as seen in the aerial photo from Concierge Auctions.
Listed: $100 million in September 2021, which was insane—and then it got raised to $109 million. The price was subsequently cut six times to $48.975 million before being put up for auction with bidding starting at $20 million.
Closed: $21.275 million.

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2000 SANDY PLACE
1969 two-to-three-bedroom in Birnam Wood with stripped-down interiors and big mountain views.
Listed: $9.45 million in June 2026, cut to $8.75 million after two months.
Closed: $8.5 million.

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5325 DORWIN LANE
Groovy 1958 five-bedroom on the bluff’s edge west of More Mesa; the seller paid $5.75 million in 2021.
Listed: $7.25 million in June 2025, relisted for $6.95 million in August 2026.
Closed: $6.5 million.

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648 ROBERTO AVENUE
Off-market sale of renovated 1957. four-bedroom, three-bath in Alta Mesa.
Listed: N/A.
Closed: $4.595 million.

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1315 VIRGINIA ROAD
A pair of two-bedroom, one-bath cottages near the freeway.
Listed: $5.1 million in April 2026, cut to $4.899 million in August 2026.
Closed: $4.52 million.

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4868 VIA LOS SANTOS
1994 single-level four-bedroom in Park Highlands.
Listed: $4.195 million in September 2026.
Closed: $4.169 million.

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1807 LIGHTHOUSE WAY
Off-market sale of 2019 three-bedroom, three-bath on Meigs Road.
Listed: $3.995 million.
Closed: $4.05 million.

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2700 EXETER PLACE
Four-building compound at the end of a Mission Canyon cul-de-sac.
Listed: $4.495 million in July 2026, cut to $3.997 million after two months.
Closed: $3.863 million.

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3110 ARGONNE CIRCLE
1946 Tudor that was once the lone home in the center of the San Roque spider web.
Listed: $3.05 million in September 2026.
Closed: $3.15 million.

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And a few others worth checking out:
••• 652 Tabor Lane: $2.974 million.
••• 436 Via Roma: $2.63 million.
••• 117 Santa Cruz Boulevard: $2.25 million (below).
••• 515 Conejo Road: $2.165 million.
••• 910 Chelham Way: $2.09 million.

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