Noteworthy new listings….
The indoor-outdoor Santa Barbara lifestyle is on full display at 1547 Shoreline Drive ($14.3 million), a five-bedroom house bought three years ago for $6.275 million, thoroughly renovated, and back cruising for a big profit. The interiors play it safe; the oceanfront location is nothing short of spectacular (and only a short walk to Thousand Steps Beach). Moreover, “the adjacent .53-acre vacant lot has permitted plans and is also available [price upon request?] should you want to create the ultimate compound.” Even without the second lot, $14 million would be a record price for Shoreline Drive—and surely get the neighbors rethinking their options.
The 1917 farmhouse at 805 Ayala Lane ($23.5 million) looks like it could stand to be updated, but the real draw here is the land, anyway—12 acres (three of which are a landscape easement) in the Cold Spring area of Montecito. It’s a remnant of the old El Mirador estate. Perhaps Rails founder Jeff Abrams, who owns an adjacent chunk of the estate, will put it back together….
Believe it or not, there was a time not long ago when so many properties got price cuts that I would do a weekly roundup. Set the time machine to May 2020, when Hope Ranch’s 3911 Via Laguna ($9.995 million) got slashed to $3.95 million; the interiors were memorably over the top. (There were trompe l’oeil windows and cherubs! Seriously, go look.) The property eventually sold in September 2020 for $3.537 million, and the buyer gave it a relatively tasteful makeover. The question remains whether the 7.59-acre lot is a big enough buffer from Modoc Road and the 101.
Fans of the Cold Spring Trail will recognize 895 E. Mountain Drive ($4.5 million), the 1967 four-bedroom with the distinctive red urn out front. “Extensively renovated in 2020″—and not by choice, I have to imagine—the house won’t be everyone’s idea of turnkey, but it certainly is uniquely situated. The easy access to the trail system, however, is offset by the many other hikers coming and going around the trailhead.
The listing for 1010 Monte Drive ($5.495 million), a 1930s house in Hope Ranch, has only two interior shots, one of which is of the wine cellar. Perhaps the market is so hot there’s no need to bother; perhaps the interiors are problematic; perhaps all the photographers are booked….
And a few others worth checking out:
••• 4530 Via Clarice ($3.65 million): Five-bedroom house on San Antonio Creek Road.
••• 228 Rametto Road ($3.45 million): 1950s ranch house on Eucalyptus Hill that needs a total redo; already in escrow.
••• 1545 San Roque Road ($3.495 million): Four-bedroom way above San Roque (below).
••• 2631 Montrose Place ($2.195 million): Mission Canyon spec reno for sale by owner, who paid $900,000 last August.
••• 1383 Santa Rita Circle ($1.8 million): Mesa fixer not far from Shoreline Drive that’s already in escrow; bet it gets renovated and flipped.
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