Going, going, gone!

Our real estate market has been experiencing some exciting times in Montecito - and Park Lane has been where a lot of the action was this past week — starting with an auction at 706 Park Lane that had everyone talking (rumored to have sold for around $5M after being on the market at one time for over $9M). Then there was an inspired transformation of a mixed up split-level traditional (“Brady Bunch" style) into a stunning thick walled Spanish Colonial masterpiece at 703 Park Lane selling quickly and over asking at $6.5M when just up the street at 854 Park Lane a majestic, storied estate from the ’30’s on 3+ acres with views struggled to sell for the same price!  Go figure… Across town at 125 Rametto there was a lightening fast sale of a house that is on seemingly everyone’s wish list - mid century, lots of glass and views, sold for $3.695, no negotiation necessary! And finally, an escrow for 660 El Bosque, after so many times to the alter hopefully this one will stick. Photos courtesy of Village Properties, Sotheby's International Realty, Coldwell Banker Residential Brokerage, and Engel & Volkers Santa Ynez.

Going, going, gone!