Weekly Market Snapshot
Another 16 homes sold in Montecito last week, as the number of new listings continue to remain low. Ten of the 16 homes that sold were over $5M. Although inventory is low, there are still several great properties that, for whatever reason, have gone unnoticed. Take a look at some of the properties we consider "sleepers" here.
What happened in Montecito Last Week?
May 2nd - May 8th
FUN FACT: There have been 17 closed sales in Montecito so far this month - the highest sale being 1150 Channel Drive.
Offered at $4,995,000
Designed with charm and authentic style, Casita De Mariposa opens the door to the Montecito lifestyle. Originally part of a much larger estate in the sought after lower village area of Montecito, this character filled Spanish bungalow will ignite your imagination. Sited in the center of the property, the rooms flow from the interiors to the outdoor patios and resort like pool. Anchored by a cozy living room with rustic wood beams, graceful arched windows and an inviting fireplace, the 3 bedroom/ 2.5 bathroom residence is ready for a new beginning. Privacy, solitude, proximity to the beaches and lower village, this vintage property has endless potential and all the markings of the ultimate mini estate.
