This $28 Million Mansion Is One Hot Potato

Notable sales from the past seven days….

700 PARK LANE
The 1923 George Washington Smith estate at 700 Park Lane in Montecito came on the market in February 2015 for $29.5 million; it got removed and relisted a few times over the years, and by March 2021, it was $27.5 million when Maroon 5 singer Adam Levine and model Behati Prinsloo bought it for $22.7 million. Three months later, they flipped the property for $28.5 million. Now that buyer has handed it off to someone else, albeit at a loss.
Listed: N/A.
Closed: $28 million.

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2080 BIRNAM WOOD DRIVE
Off-market sale of a 7,381-square-foot house in Birnam Wood—and the biggest price in the compound in a long time. (Also pictured at top; photos by Eric Foote.)
Listed: $14.65 million.
Closed: $14.637 million.

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770 COYOTE ROAD
Likely teardown on 4.73 acres.
Listed: $2.45 million in July 2021.
Closed: $4.2 million.

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4244 FOOTHILL ROAD
1923 house on 6.8 acres.
Listed: $4.5 million in March 2021, cut to $4.35 million in May.
Closed: $4.075 million.

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1325 W. MOUNTAIN DRIVE
Three-bedroom house built in 2011 on 1.8 acres.
Listed: $3.65 million in July 2021.
Closed: $3.65 million.

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2434 STANWOOD DRIVE
Spanish Colonial Revival built in 1981.
Listed: $3.25 million in October 2016, cut three times to $2.985 million in March 2020, removed from the market in April 2020.
Closed: $3.395 million.

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1050 VIA LOS PADRES
1991 house east of N. San Marcos Road.
Listed: $2.95 million in June 2021.
Closed: $3.2 million.

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And a few others worth checking out:
••• 1242 Dover Lane: $2.759 million.
••• 1595 East Valley Road: $2.595 million.
••• 419 Stanley Drive: $2.5 million.
••• 2716 Williams Way: $2.495 million.
••• 2121 Mt. Calvary Road: $2.19 million (below).
••• 805 Toro Canyon Road: $2.125 million.
••• 31 Cedar Lane: $2.1 million.

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