Hello 2021, and a Quick Look Back at Home Sales in Montecito in 2020
By Mark Hunt   |   January 14, 2021

Well, let me just say, “whew, what a year that was,” to 2020. Let’s see what 2021 has in store for us, and what we will make of it collectively as a community here in lovely Montecito. As usual, we are having lovely weather and the rain this past week was welcome for sure. More […]

Mortgage Happenings
By Jon McCuskey   |   December 24, 2020

One phrase has summed up the mortgage world since March: “record low rates.” Lenders have seen their pipelines swell to levels never seen before and things do not seem to be slowing down. Rates for conforming loans have been held low by the government’s intervention in purchasing mortgage-backed securities to aid in market liquidity. Meanwhile […]

 

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Homes805: Putting Your Home in Good Hands
By Zach Rosen   |   December 24, 2020

With over fifty percent of the homes in the area being rentals, and many of the owners living outside of the region, property management plays a vital role in maintaining the range of real estate found throughout Santa Barbara and Montecito. Many houses have just mom and pop homeowners who may not have the time […]

Welcome to the Neighborhood: Montecito is experiencing a once-in-a-generation real estate boom that is reshaping the once sleepy, bucolic town
By Peter Kiefer   |   December 24, 2020

Signs that a community is in the throes of an historic transformation are rarely overt and almost never seismic. They’re small yet perceptible shifts that, in aggregate, tell a story of where a town or a city is coming from and where it’s most likely headed. In the case of Montecito those signs – at […]

Real Estate Snapshot
By Kelly Herrick   |   December 24, 2020

To say that Montecito real estate was “hot” in the third quarter of 2020 is a gross understatement; in fact, the market activity in late summer/early fall broke records across the board in both sales price and number of transactions, in both the 93108 and beyond.  Q3 sales in 2020 were up a whopping 156% […]

Number One Stunner
By Richard Mineards   |   December 24, 2020

An interesting article in last week’s The Wall Street Journal by Amanda Eberstein about the charming red-hot tapestry of real estate ownership in Montecito. The onset of the COVID-19 pandemic and subsequent lockdown in mid-March has only bolstered our rarefied enclave’s desirability, she concludes. Marsha Kotlyar, a local realtor at Berkshire Hathaway, says: “I’ve been […]

A New Role for Roling
By Richard Mineards   |   December 17, 2020

Santa Barbara Symphony has appointed Rebecca Roling as vice president of patron and community engagement. A lifelong classical music fan, patron of the arts, and musician, Roling will build upon and leverage the popular organization’s impact and momentum, and be responsible for the growth of donation and ticket revenue through patron connection and loyalty. Five […]

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Old Friends Over Eggs Benedict
By Richard Mineards   |   December 17, 2020

To the Rosewood Miramar for breakfast at the Malibu Farm with London Sunday Times travel writer Jonathan Thompson. The meeting was organized by my former News-Press colleague Karna Hughes, now an executive with Visit Santa Barbara, who thought my 13 years of experience living in our rarefied enclave might be of some use to the […]

Dennis Miller Sells Montecito Spread
By Richard Mineards   |   November 26, 2020

Comedian and political pundit Dennis Miller, 67, has sold his Montecito spread for $49 million in an all-cash deal. It’s the second largest amount recorded for a home in our rarefied enclave in recent years, behind only the $63.3 million paid by construction heir Riley Bechtel for a much larger estate last month. According to […]

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Tesla Investor Takes Tuscan-style Home
By Richard Mineards   |   November 26, 2020

One of the major investors in the electric car giant Tesla has splashed out $18 million on a new Montecito home and is moving here from Beverly Hills. Alan Salzman, 63, heads VantagePoint Capital Partners and owns 7 million shares in the auto company worth more than $2.3 billion. His new hilltop Tuscan-style property was […]

What’s Better Than Buying Property in Montecito? Buying Two, Of Course
By Richard Mineards   |   November 26, 2020

That’s what ultra-wealthy San Francisco locals, Marc and Elisa Stad, have just completed in our Eden by the Beach. The first deal closed in September when the couple forked out $12.2 million for a shingle-sided mansion with seven bedrooms and 13 bathrooms in nearly 14,000 square feet of living space. Built in 2008, the 2.1-acre […]

Stuart Whitman’s Montecito Ranch Up for $62 Million
By Richard Mineards   |   November 19, 2020

A scenic Montecito ranch owned by the late Oscar-nominated actor Stuart Whitman is up for grabs for $62 million, one of our rarefied enclave’s most expensive properties. Stuart, well-known for cowboy roles in films with John Wayne, owned the 13-acre estate in the Santa Ynez Mountains until his death in March at the age of […]

Staying in the ‘Hood
By Richard Mineards   |   November 19, 2020

Former U.S. ambassador to Austria Susan McCaw, ex-wife of cell phone billionaire Craig McCaw, has paid $9.5 million, a hefty $2 million over the asking price, for the Erdman House, designed in 1959 by noted architect Lutah Maria Riggs. Nearly 9,000 square feet, on four eucalyptus and pine tree studded acres, the sublimely preserved midcentury […]

A New Lease on Life
By Richard Mineards   |   November 19, 2020

Carpinteria twosome Ashton Kutcher, 42, and wife Mila Kunis, 37, have listed their 7,351-square-foot Beverly Hills home on half an acre for rent. The property in Hidden Valley in the mountains above Coldwater Canyon is a guard-gated community with neighbors including singers Adele and Katy Perry, and actresses Nicole Kidman and Jennifer Lawrence. The estate, […]

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