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 […]
An elaborate Montecito chateau inspired by the Alhambra palace in Granada, Spain is up for sale for $35 million. The custom-built estate has Moorish, Spanish and Italianate architecture, with tall arches and mosaics. French owner Kinka Usher, a director of TV commercials, who has filmed spots for Nike, Taco Bell and Pepsi, says he was […]
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A 400-acre estate in the Santa Ynez Valley that belonged to the late actor James Garner is up for grabs. Garner, star of the TV series The Rockford Files, who died in 2014, commissioned the property, Rancho La Zaca, in the ‘90s with architect Hugh Newell Jacobsen designing a 8,000 sq. ft. house showcasing the […]
Nothing says summer like a day at the beach and no beaches that I know of are more cherished by residents and visitors alike than the beaches of Montecito: Butterfly Beach with the Four Seasons Biltmore Hotel and Miramar Beach with the newly opened Rosewood Resort at Miramar Beach. The beach area in Montecito can […]
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 […]
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 […]
This Saturday, April 27, five unique homes will be on display in Carpinteria, as Carpinteria Beautiful hosts its annual Home & Garden Tour. From a modern farmhouse on three acres in the foothills to the exquisite “Little Gem” by the Salt Marsh, there is something for everyone, according to committee chair Susan Everett. Visitors will […]
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The Montecito Heat Index identifies demand for Montecito single family homes in five price sectors. By measuring buyer demand (signed contracts) rather than sales (closed escrows), we create a forward looking indicator of both market strength and direction rather than sold data which is typically a month or more old. This metric also shows us […]
There are many homes for sale right now in Montecito that very probably could not be replaced for the price sellers are asking. This means that existing homes are in some cases less expensive than if one were to buy the land and build. Additionally, some homes are historic in nature so you literally can’t […]
The Thomas Fire and subsequent debris flow on 9 January 2018 devastated portions of Montecito and surrounding communities. The debris flow killed 23 people and damaged or destroyed hundreds of homes and commercial properties. As of April 2018, insurance claims total $421.9 million, including 107 homes declared total losses (California Department of Insurance, 2018). Those […]
Well everyone, the wait is over. After one of the fastest construction periods I’ve ever seen (to offset the 12 years of planning and approvals) the new Rosewood Miramar Beach Resort is here, and it’s impressive. The grounds at the new Miramar resort are vast and open, the pools are well positioned on the property […]
There are two categories of real estate offerings that grab the most attention from agents and buyers alike, and these are new and/or reduced in price listings. When a property hits the market, everyone wants to see inside, judge the value, make an offer or wait and see… When a property has been sitting for […]
