Weekly Market Snapshot
Closed sales may have dropped off last week, but there were a couple noteworthy sales and new pending sales in Montecito. First off, 848 Hot Springs Road, a high-style Montecito estate with an effortless blend of global architectural distinctions, closed last week for $20,950,000 - 97.5% of its asking price. After originally coming on the market for $35M in 2008 and then going on and off the market several times in-between, 1086 Channel Drive is currently listed at $19.5M and is now pending! Finally, with chic architecture, soaring ceilings and an incredible indoor/outdoor flow, 321 Ennisbrook Drive, a $13.9M residence in Ennisbrook, is now pending after hitting the market at the end of January.
What happened in Montecito Last Week?
February 20th - February 26th
NO PRICE CHANGES
FUN FACT: There have been approximately 23 sales in Montecito so far this month.
1790 Glen Oaks Drive | Offered at $1,695,000
The promise of a dream fulfilled awaits! Unleash your imagination and let the land be your guide and inspiration for something extraordinary. Every angle of this 1+ acre parcel explodes with expansive mountain views.Lined with mature oak trees and a creekside setting, the land is a peaceful canvas primed for your dream to unfold. This private yet easy to access property has an active water meter, utilities at the street and a stone-wall entry.