New and Reduced Listings
There are two categories of real estate offerings that grab the most attention from agents and buyers alike, and these are new and/or reduced in price listings. When a property hits the market, everyone wants to see inside, judge the value, make an offer or wait and see… When a property has been sitting for a while on the market with no offers, it can fade into the background. However, when a property that has been on the market awhile announces a price reduction, that announcement triggers a reconsideration of the property. The following parcels are either new to market and/or have recently announced price reductions.
1167 Dulzura Drive: $2,999,000
Located on a private road inside the Cold Spring School District, this contemporary 4-bdrm, 2.5-bath ranch house boasts mountain views from both the kitchen-family room and the patios on either side of the house.
The living and entertaining areas blend with the open chef’s kitchen, it being the house’s focal point. There is a sunken living room with fireplace and the bedrooms can all be found off the extra-wide hallway. The bathrooms have been redone and there are custom European doors and windows that showcase the landscaping on this approximately .89-acre lot.
There are numerous fruit trees, a hot tub with private view patio and a pavilion that boasts an attractive spot to relax in the shade. This home has been on the market for six months and the price has just been reduced.
723 Lilac Drive: $3,300,000
This new listing offers 4 bedrooms and 5 bathrooms in over 5,000 sq ft of living space, in the Montecito Union School District. The home is sited on a secluded, gated, one-acre lot that provides a quiet and private setting with a filtered ocean view backdrop.
The primary level contains all the entertaining areas; entry foyer, formal living room, dining room, family room off the kitchen with eat-in area and walk-in pantry. Additional rooms at the entry are the laundry room, 3-car garage, 2 bedrooms, large hall bath, and two 1/2 baths for each wing of the home.
Upstairs, accessed by a circular stairwell or the elevator, the master suite is accompanied by a separate office-bedroom and an additional crow’s nest style room with wet bar and balcony.
2303 Bella Vista Drive: $5,650,000
The ocean views from this new listing on Bella Vista Drive are among the best available on the market right now in Montecito. When the door opens, a panorama of ocean, Channel Islands, Santa Barbara harbor, and seemingly all of Montecito is revealed. This property offers a 4-bedroom main residence, guest house, pool, and spa, rose gardens, two koi ponds, fruit trees, and numerous hiking-equestrian trails on over 4.5 private acres.
The mostly single-level main residence is separated into two separate wings and the residence is anchored by a formal entry and large sunken living room, with 20-foot folding doors and dramatic ocean views at the center of the home. The master suite has a private south-facing deck, walk-in closet, and a home office-yoga room.
A formal dining room with 20-foot high ceilings, remodeled kitchen, family room, and two additional bedroom suites command the east wing of the house, with ocean views from almost every room. Additionally, this home is located within the Montecito Union School District.
396 Woodley Drive: $5,975,000
This property was priced over $7,000,000 when first listed last year and has been reduced over time to the current asking price. The home includes over 6,000 square feet and is set into a hillside in the Cold Spring School District. The innovative design by Warner Group Architects optimizes the potential of the site, taking in the expansive views of the Santa Ynez mountain range.
The home features walls of glass, steel beams, and high ceilings. The living space – with 12-foot ceilings – is open and uncluttered, allowing an abundance of natural light into the home. Sliding pocket glass walls disappear neatly when open, taking full advantage of indoor-outdoor living.
The patios are strategically placed around the home, with a 15-foot stacked flagstone wall fountain being the focal point just outside the dining area. Exterior landscaping includes Italian Cypress and lemon trees, accented by fragrant rosemary.
A spacious three-car garage with separate bath is located off the motor court and the house is equipped with multi-zone A/C and heat, as well as a usable basement.
Please feel free to contact me regarding any Real Estate needs or to set up a showing with the listing agents of any properties featured here – Mark@Villagesite.com or call/text 805-698-2174. Please view my website, www.MontecitoBestBuys.com, from which this article is based.