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Tag: 848 Picacho Lane

May 8, 2021

  • Hot Property

The Local Real Estate Boom Has One of Its Biggest Weeks Yet

Everything is selling, including a Butterfly Beach party palace for $23 million, a $16 million teardown, the belle of Coast Village, the one with the crenellated tower, Hope Ranch's Grayscale Manor, a French Normandy in the Hedgerow by George Washington Smith.

February 28, 2020

  • Price Cuts

“Country Mediterranean” Estate Slashes $1 Million Off Price

The week's top price reductions also include: Newly staged Neoclassical in the Hedgerow (↓$255K), clean 70s interiors on the Riviera (↓$200K), an ambitious spec renovation on Picacho Lane (↓$1.3M), and a pink palace atop Hidden Valley Lane (↓$955K).

September 10, 2019

  • Just Listed

This 1930 Montecito Villa Has Been Made to Look Even Older

In 2014, someone bought the 1930 house at 848 Picacho Lane for $5.5 million. Now it's on the market for $15 million.

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Just Listed

  • A Zhushfest Way Above E. Mountain Drive
  • Adam Levine and Behati Prinsloo Want $65 Million for Their Picacho Lane Mansion
  • Bumpy 1990s Mediterranean Above Summerland
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  • 1930 Toro Canyon Villa by the Architect of the Hoover Dam

Recent Comments

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

Rich - No. They get the depreciation regardless of whether it's leased or vacant. — Jefferson A.

Depreciation. — Rich

Apzer, can you please direct me to the IRS rule where i can deduct rental losses? i have never heard of such a thing, and… — Derek

The "pedestrian mall" along state street is more like an e-bike tournament venue — Bettye Jones

Apzer, that is totally false on landlords receiving a financial benefit for vacant properties. Please don't spread misinformation. — Jefferson A.

I don't think they're all greedy but there's a financial benefit to claim a loss on a vacant property while holding out for someone to… — apzer

“More vibrant than ever”? We can debate the causes but it is a far cry from the most vibrant it’s ever been… — BW

“Editor's note: This story has been updated to clarify the action taken by the City Council and its next steps” The VC Star Article was… — Tristen

From the article, it seems like it's not a done deal, but yes, it would be a terrible loss for Ventura. A good reminder for… — Sean

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