Buyers Continue to Make Their Move
Montecito Listing Update
The week has started off with three more sales in Montecito highlighting the continued strength of the Santa Barbara real estate market.
Initially listed in August 2019 for $6,995,000, this historic Country English Montecito estate, went into escrow yesterday after 294 days on the market with a listing price of $6,780,000. It previously sold in 2016 for $8,191,260. A lush 1.8 acres of space and perfectly located near Montecito's lower village - this estate is a winner!
A private Mediterranean estate with multiple high-quality recent additions, 715 Ladera Lane recently went into escrow after being on the market for 225 days at $7,900,000. This immaculate residence was last purchased in 2015 for $3,900,000 - however, the recent remodel has completely revitalized this luxurious compound.
Finally! A long-run has finally come to an end for this Bonnymede Condo. After a total of 985 days on the market, it closed for $3,150,000. Originally, the condo was listed in December 2016 for $7,995,000, more than double the sale price. Nonetheless, this spacious oceanfront condo is sure to be a slice of paradise for its new owners.
Questions about the market or other listings? Feel free to call, text or email me.