REAL ESTATE UPDATE FEATURING OCEAN VIEW HOMES

Posted on May 31, 2018
REAL ESTATE UPDATE FEATURING OCEAN VIEW HOMES

MONTECITO, CALIFORNIA

REAL ESTATE & BEST BUYS

BY: Mark Ashton Hunt

As originally published in the Montecito Journal – May 24, 2018

REAL ESTATE UPDATE FEATURING OCEAN VIEW HOMES

As the local climate starts to shift into something resembling a mid-season, pre-summer pattern, (both with the weather and with Real Estate sales), we can feel it in the air… the upcoming graduations in local schools, college students coming back to visit families and reconnect with their friends in town, locals preparing to head out on adventures, while vacation rental homes are being prepared for excited guests, eager to visit, Montecito. Just notice our recent mix of morning overcast (May Gray) and long, warm afternoons, and one can sense that Summer is on the way.

Heading into this generally busier season for Real Estate sales, we are seeing new listings boost the local inventory of homes available for sale (although still lower than other recent years at this same time per the MLS). We have also seen considerably more closed escrows (homes transferring ownership) in the first few weeks of May (10 homes sold), more than double what we saw in the entire month of April (just 4). Of the 10 properties that have closed escrow so far in May (May 1 – May 19, 2018 as reported in the MLS), a few were within the red and yellow evacuation areas, as well as a few were in the not evacuated zones of the 93108 zip code. *Note – for those unfamiliar, Montecito was hit with debris flows following fires and heavy rains and so home sales fell off for a few months.

Some of the recent sales were at, or near full price, others were lower and two of the nine sales (both over $2,500,000) were reduced considerably from the last listing price offered. Overall, with sales in both hard hit areas as well as those unaffected, it is good to see significant activity in the area and in most price ranges, from an Olive Mill Road area cottage near the beach for just under $1,500,000, to a nearly $6,500,000 sale near Butterfly Beach, and an $8,875,000 sale on upper Hot Springs Road, that just closed escrow as I am writing this article, to accentuate the positive.

Today I wanted to feature a few homes in the 93108 that are not in any of the evacuation zones, as they are in a higher elevation area in western Montecito, an area of the foothills that is convenient to both Montecito villages, the beach and downtown Santa Barbara.

14 Chase Drive – $1,895,000

Listed by Goodwin & Thyne Properties

This home is set in the foothills near Barker Pass, on a less travelled street with ocean & island views. The home has been remodeled in a Mediterranean style and includes a private driveway leading up to the parking area and the two story home. There are three bedrooms, three and a half bathrooms, four fireplaces, a two car garage, fenced rear yard and lush greenery.

The kitchen boasts custom cabinetry and flows into the dining room and indoor/outdoor living space. The master suite features a private view deck, wraparound terrace and en-suite bathroom and there is also a nice laundry room with sink. This home is located in the 93108 zip code, but is not within either of the Montecito school districts.

121 Summit Lane – $3,450,000

Listed by Berkshire Hathaway Home Services California Properties

This single-level home is located on just over an acre of land, in the foothills above the Montecito Country Club on a less travelled lane, down a long driveway. The home offers four bedrooms, two and a half bathrooms with ocean/island views and is located on a cul de sac for additional privacy and less traffic on the street leading to the home.

The open floor plan is flexible and there is a remodeled kitchen as well. The master suite includes an expansive deck, fruit trees and views. This home is within the 93108 zip code, but is not within either of the Montecito school districts.

841 Cima Linda Lane – $5,350,000

Listed by Berkshire Hathaway Home Services California Properties

This is the first time this home has been on the market in over 45 years. This premiere, 1920’s Spanish Revival home by Carleton Winslow (Bel Air Country Club, Santa Barbara Museum of Natural History, etc…), highlights the ocean & mountain views.

Set on 1.83+/- acres, the home overlooks the Santa Barbara channel with views from the harbor and down the coast.

The home reflects and flaunts the architectural integrity of the era it was created in. The main level includes four bedrooms, a formal dining and grand living room, den, groin vault ceilings, archways, balconies, & other period details. Downstairs is a fifth bedroom suite & additional usable space. In addition, there is a motor court entry, private courtyard, specimen plantings, verandas, lawns and a pool.

Originally part of the Billings Estate, this is a rare opportunity to own a piece of history. This home is located in the 93108 zip code but is not in either of the Montecito school districts.

1140 Glenview Road – $6,495,000

Listed by Village Properties

This private, ocean view home and property includes two separate assessor numbers, and is set on 2+/- acres, in the foothills above the Montecito Country Club. The 7,000+/- square foot home was originally designed by Jack Warner and takes advantage of the ocean views with walls of glass and oversized windows.

The formal living room with fireplace has ocean views and three sets of French doors that open to a wrap-around deck offering more ocean, island, and harbor views. The family room has French doors that open directly to the tile patio with pool and spa area also featuring ocean views framed between the property’s mature palm trees.

Originally part of the Billings Estate, this is a rare opportunity. Additionally, this home is located within the Cold Spring School District.

Feel free to contact us regarding your Real Estate interests

in the Montecito and Santa Barbara area.

Mark@Villagesite.com or call/text 805-698-2174.

Sheela@Villagesite.com or call/text 805-698-3767