Beach Boy Mike Love‘s former Santa Barbara estate is up for sale for $6,407,000. The spectacular 2.5-acre oceanfront property boasts five dwellings totaling 5,096 sq. ft. with six bedrooms and five and a half bathrooms on 200ft. of private bluff. Built in 1920, it is set on one of the single largest oceanfront parcels in […]
Montecito continues to enjoy a healthy real estate market, with sales up 22% over last year; 131 homes and condos have sold so far this year, compared to 107 by the end of August in 2018. By this time in 2017, prior to the Thomas Fire and debris flow, we were at 149 sales. Looking […]
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In the past half dozen or so articles we have worked our way across Montecito, looking at different neighborhoods and homes for sale within these pockets. We have covered areas such as western Montecito’s edge on the border with Santa Barbara, the Cold Spring School area, the now-open-again, San Ysidro Ranch and Montecito Union School […]
As we head into the last quarter of the year, it is interesting to look back at where we have been and then forward to what lies ahead. Back in November, hardly a long time ago, most forecasters believed that mortgage rates would rise to 5% or higher this year. Don’t laugh. At the end […]
In August, the Old Firehouse building at 1486 East Valley Road in Montecito was purchased by an unnamed investor with ties to the Santa Barbara area. The property was listed for $16 million, and closed for $13,000,000. Francois DeJohn, Kristopher Roth, and Caitlin McCahill Hensel of Hayes Commercial Group represented all parties in the transaction. The 6,357 square-foot […]
In our continuing look at the various neighborhoods around Montecito we have recently taken a look at western Montecito, homes in the Cold Spring School District, estates near the San Ysidro Ranch and beach area homes. Now let’s direct attention to homes just a mile or two from the upper village in Montecito, all within […]
The Montecito Heat Index identifies demand for Montecito single family homes. By measuring buyer contracts (pending sales) rather than sales (closed escrows) lagging typically thirty days, the Heat Index provides a forward-looking indicator of both market strength and direction. It also shows us the price point(s) where value is most recognized by buyers and the […]
After Queen Elizabeth‘s granddaughter Princess Beatrice dining at Lucky’s with her boyfriend, Edoardo Mapelli Mozzi, it was the turn of former President Barack Obama‘s daughter, Malia, and her beau Rory Farquharson, to check out the area. The twosome, who both attend Harvard and have been dating for three years, were spotted at the Ojai Valley […]
A Montecito listing represented by Riskin Partners real estate group of Village Properties has been selected as a finalist in the HGTV Ultimate House Hunt 2019 for its curb appeal. The competition is held annually on HGTV.com and features extraordinary homes in eight categories, including amazing kitchens, countryside retreats, waterfront homes, and modern masterpieces. The […]
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Tech entrepreneur Sean Rad is selling his Montecito home for $12.67 million. The former Tinder CEO and co-founder purchased the estate for $11 million from TV talk show host Ellen DeGeneres and Portia de Rossi. Rancho San Leandro boasts two main residences, totaling 6,764 sq. ft. Built in the 1800s, the main hacienda-style residence has […]
A ten-acre Montecito estate, with seven bedrooms and eight bathrooms, has just come on the market for $17 million. The 13,932 sq. ft. property is just a tiara’s toss or two from the homes of TV talk show titans Oprah Winfrey and Ellen DeGeneres. The expansive grounds include terraced gardens, a pool, spa with a […]
The Montecito Heat Index identifies today’s demand for Montecito single family homes in five price sectors. By measuring buyer demand (pending sales), rather than sales (closed escrows), which is lagging typically thirty days, we create a forward looking indicator of both market strength and direction. The Heat Index metric shows us the price point(s) where […]
If you do not live in Montecito, or if you are not a repeat visitor of the San Ysidro Ranch, then you might not know how big a deal it is that the San Ysidro Ranch has re-opened for business (after being closed for over a year for repairs to some structures following the debris […]
Just inside the western edge of Montecito is an area commonly referred to as the Cold Spring School District (CCSD). This area reaches from the hills around Coyote Road and West-East Mountain Drive, down through neighborhoods including the streets around Westmont College, the estates at Riven Rock, homes on Pepper Hill, Sycamore Canyon and Cold […]
