Ten Notable Sales in 2021

By Kelly Mahan Herrick   |   January 4, 2022

With nearly 350 sales of homes, estates, and condos in the “93108” this year, we saw many record-breaking transactions in all price points. Here is a short list of remarkable sales from 2021: 

10. Monarch Lane: $3,895,000

The sale of this three-bedroom, four-bath home in April broke the record for highest-priced sale of an Ennisbrook Casita. The home had been updated and expanded, and featured two primary suites plus an additional guest room. (Listed by Maurie McGuire & Scott Weslotorn of Coldwell Banker) 

9. Miramar Avenue: $7,005,000

This rare offering was comprised of two separate parcels, one with a home and guest house, totaling over 1.25 flat acres, in the Hedgerow, which is difficult to find. There was a lot of buzz about this property when it came on the market in June, and it sold in nine days with multiple offers, selling for over $1.5 million over asking price. (Listed by Dan Encell of Berkshire Hathaway HomeServices)

8. Olive Mill Road: $6,605,000

The sale of this completely remodeled modern French Country Estate is an encouraging sign that nearly four years after the 1/9 Debris Flow, property values in affected areas are coming back strong. This home sold in late 2018 for $2,375,000, after it was completely gutted after significant damage from the debris flow. The new owners brought it back to life, and sold it in March of this year. (Listed by Keith Myers of Re/Max)

7. Plaza Pacifica: $5,300,000

This single-level condo is the highest priced sale ever in Bonnymede. This ground-floor unit was remodeled to the studs and is just steps to the sand. (Listed by Lisa Foley of Goodwin & Thyne) 

6. Santa Elena Lane: $3,568,500

While not technically the highest-priced sale ever in Montecito Oaks, the sale of this classic ranch home in September wowed agents and buyers alike. Montecito Oaks, parts of which were affected by the 1/9 Debris Flow, has historically been one of the most affordable areas in the Montecito Union School District. It is atypical to see homes sell at more than $3 million in this neighborhood, until now. (Listed by Nancy Kogevinas of Berkshire Hathaway HomeServices)

5. El Miraval: $28,000,000, $28,500,000, and $22,700,000

This 1923 George Washington Smith estate on Park Lane was purchased in March by well-known celebrity buyers who later sold it June for $28,500,000. It sold again two months later for $28,000,000; the latter deals were done off-market. The five-acre estate boasts a Spanish Revival main house, a two-bedroom guest house, one-bedroom cottage, and three apartments above the five-car garage. (Listed and sold by Riskin Partners Estate Group of Village Properties)

4. Bella Vista: $7,375,000

This stunning view property in Montecito’s foothills sold in March after being on and off the market for 655 days, making it the longest running listing to sell in 2021. The estate sits on 32 acres of private land, and features an elegant five-bedroom, four-bath home with infinity pool. (Listed by Lori Bowles and Dana Zertuche of Coldwell Banker) 

3. Bonnymede Drive: $26,500,000

This oceanfront estate was the highest sale ever in Sea Meadows, the prestigious gated community on Hammond’s Beach. The French Country style estate offers five bedrooms and five bathrooms, and sold after just nine days in October. (Listed by Harry Kolb of Sotheby’s) 

2. Channel Drive: $31,250,000

This nearly oceanfront estate had been on and off the market since 2016 before selling in March. Set on 1.13 acres, this rare property fronting Channel Drive offers a main house with four bedrooms and six bathrooms, a guest area with separate entrance, a cabana, and a gym, in addition to a pool, spa, three outdoor firepits, and two outdoor barbeques. (Listed by Phyllis Noble of Berkshire Hathaway HomeServices)

1. Fernald Point Lane: $45,000,000

Montecito’s highest-priced sale of the year! With 130 feet of beach frontage, this epic entertaining home features an 8,000-square-foot, two-story Nantucket-style main residence, a guest house, and charming studio apartment on 1.13 beautifully landscaped acres. This legacy property sold in March; the last time it changed hands was in 2004. (Listed by Kathleen Winter of Berkshire Hathaway HomeServices) •MJ


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