Four Homes Looking for Their New Owner
By Mark Hunt   |   February 18, 2021

The desire of so many to purchase a home in Montecito, along with the phenomenal number of homes sold and sales over ten million dollars this past year, has been covered at length in many local and national publications. This rush to buy has left Montecito’s Real Estate market with very few homes for sale, […]

Loading Up on Real Estate
By Richard Mineards   |   December 31, 2020

Montecito actor Rob Lowe who sold his 10,000 sq. ft. Picacho Road estate for $46 million has lost no time in spending the money, having purchased three new residential properties in Southern California since the sale just three months ago. Having spent $13 million on a new 6,000 sq, ft. five-bedroom, six-bath estate, Stonehedge, on […]

 

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Built to Last
By Jade Flogerzi   |   December 24, 2020

As he approaches retirement, Bruce Giffin, one of Santa Barbara’s top developers, ponders his legacy Construction is known for being a tough business. Competition is high, margins are low, cash flow swings in both directions and a shortage of skilled workers makes the industry all the more precarious. As he approaches his 35th anniversary in the […]

2020, What a Year It Has Been… So Far
By Mark Hunt   |   December 24, 2020

As we begin to slow the ride on this incredible rollercoaster of a year, it is important to consider all that has changed in the past 11-plus months. The pandemic, the political and social climate of uncertainty, the business and day-to-day implications of these circumstances that make it feel like a lifetime of adjustment all […]

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 […]

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 […]

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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% […]

Big Tech Bigwigs Buy Montecito Residence
By Richard Mineards   |   December 10, 2020

The nearly one-acre Montecito Residence, built barely a decade ago for Chicagoans John and Dorothy Gardner, has been sold for $7.2 million to Silicon Valley entrepreneurs Mark Armenante and Young Sohn, co-founders of Vlocity, the cloud-applications software company acquired by Salesforce for $1.3 billion earlier this year. Built almost entirely from steel and glass, the […]

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Homes with Pools in Montecito Under $5 Million
By Mark Hunt   |   December 3, 2020

When people think of Montecito, they usually envision mountain and ocean views, homes of substantial size with lovely landscaping, privacy – and a swimming pool. While not everyone wants a pool, it is rare to find a buyer who will turn away from a home just because it has a pool.  For most buyers, a […]

Ron Popeil Ranch Up for Sale
By Richard Mineards   |   December 3, 2020

Inventor Ron Popeil, who brought us the Chop-O-Matic, the Veg-O-Matic, and the Showtime Rotisseries and BBQ, among many other creative TV infomercial inventions, is selling his Santa Barbara ranch for $4.9 million. The bucolic property sprawls across 150 acres in the hills above our Eden by the Beach, centering on an 1800s home with a […]

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 […]

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 […]

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