No June Gloom… At Least Not in the Real Estate Market
While it might be foggy here and there thus far in June, it’s been lovely just the same. The dividing argument of whether the fog line is at Montecito Union School or whether it’s East Valley Road (just a block apart but worth the discussion), is one of the longer running debates you might hear in play at Pierre Lafond one day – on the fog’s edge as it were.
Along with cool mornings before the summer swelter, this June is also bringing significant sales (volume and prices) that put my (sales are slowing) article from just two weeks ago, into the ancient history category. In the first 16 days of June there were 16 sales, a couple over $10 million and a baker’s dozen others, delivering closings mostly in the $3 to $9 million range.
This is a solid pace, with sales in the Multiple Listing Service (MLS) ranging from $1.4 million paid for a Jameson Lane condo in the Montecito Union School District (MUSD), to a high of $17,000,000 for a view, pool, tennis estate on Buena Vista Drive, also in the MUSD.
In addition to this uptick in sales in early June, Montecito is also sticking with the “top prices paid” approach, and we saw many over asking deals and a few off-market big sales as well.
From the “What’s still available category?”, there are just 33 homes on the market and nothing available in Montecito’s 93108 under $3,000,000. I’ve never seen this, where the lowest priced listing was over $3,000,000. There has always been something for sale in the $2’s or a condo in the $1’s. However, the lowest priced listing in Montecito as of the writing of this article is the beach area condo featured below.
29 Seaview Drive – $3,175,000
Tranquil views of trees and gardens, together with the sound of ocean waves, are enjoyed from this recently remodeled single-level condo in a guard-gated community at the beach. Situated on the second floor, this private two-bedroom, two-bathroom home has a spacious and bright living room with stone fireplace, wet bar with wine fridge, and access to a large balcony.
The formal dining room with plantation shutters is open to the striking kitchen, which features Cambria quartz counters and breakfast bar, sleek black stainless steel appliances, and newer custom white Shaker-style cabinets. The master suite has an office area, ceiling fan, wrap-around walk-in closet, and newly remodeled bath including a double vanity with granite counters.
Currently used as an office, the guest bedroom has built-in bookshelves, walk-in closet, and full bathroom en suite. This 1,782+/- square foot residence offers recessed lighting throughout, in-unit laundry, and is within the Montecito Union School District. Community amenities include pool, tennis, and direct beach access.
500 Meadow Wood Lane – $5,875,000
Down a private lane in the heart of Montecito, this Spanish-style home on 0.87 acres offers four bedrooms and three bathrooms (plus two offices) in a garden setting just minutes from the Upper and Lower villages and not far from Santa Barbara. The home offers a ground-level primary suite and a living room that features a high vaulted ceiling, cozy fireplace, and bright natural light.
Thoughtfully situated between the dining room and family room, the kitchen makes hosting family gatherings a breeze. These main social rooms also feature French doors leading to covered and uncovered patios creating an indoor/outdoor flow. The main level primary suite is the perfect escape after a long day, featuring a high wood beamed ceiling, walk-in closet, and en suite bathroom with double vanity and a luxurious soaking tub.
Surrounded by lush landscaping, stone walking paths, and mature oak trees, this property is its own secluded oasis and is within the Cold Spring School District.
2255 Ortega Ranch Road – $10,995,000
If you are looking for incredible ocean views, privacy, and single-level living, this may be what you’ve been searching for. Vast views span the horizon and offer an inspiring backdrop to this beautiful 5+/- acre property. Indoor/outdoor living spaces, lush gardens, and finishes, with furnishings by John Saladino, combine to showcase the best of Montecito’s coveted lifestyle.
The spacious primary suite features dual walk-in wardrobes and a study. Two additional en suite bedrooms are perfect for guests and loved ones. Spacious public rooms are ideal for entertaining and a dedicated home office offers flexibility. Outside, an expansive covered patio creates a second living room with multiple seating and dining areas, a fountain, firepit, and room for a gym.
1027 Cima Linda Lane – $13,995,000
This is a significant Mediterranean villa with spectacular Pacific Ocean, city, mountain, and harbor views. Enjoy sunsets from this nearly two-acre estate, complete with the main home offering nearly 8,500 square feet of living space.
Masterfully remodeled, this two-story, four-bedroom, 4.5-bathroom main house and one-bedroom, one-bath guest pavilion, offer beautiful hardwood and stone floors throughout, with large windows and doors leading to the outside, creating a blend of modern elegance with casual indoor-outdoor living.
Metal framed French doors with sweeping ocean views open to covered loggias, terraces, lawn, pool, and lush gardens. This is a significantly sized estate with a very formal and impressive entry, just over the hill into Santa Barbara and convenient to the Upper and Lower villages, our area beaches, and the Montecito Club.
