Montecito Villa Sells for $13 Million Off the Initial Asking Price

New year, new crop of closings….

1398 OAK CREEK CANYON ROAD
Views don’t get more panoramic than this.
Listed: $22 million in 2013, when it was freshly built, and then slashed to $14.9 million, then $13.65 million, then $12.25 million, then $10.9 million, then—well, let’s just skip ahead to October, when it bottomed out at $8.95 million.
Closed: $8.75 million.

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2051 GOLPA DRIVE
2012 hacienda on 18.8 acres in the Santa Ynez Valley.
Listed: $8.9 million in August 2020.
Closed: $7.7 million.

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1235 E. MOUNTAIN DRIVE
Some fabulous moments here and there.
Listed: $6.4 million in August 2020.
Closed: $6.004 million.

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4301 VIA CORONA
1948 house in Hope Ranch.
Listed: $3 million in November 2020.
Closed: $2.94 million.

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1369 DANIELSON ROAD
Duplex with two three-bedroom townhomes.
Listed: $2.995 million in August 2020, cut by $170,000 two months later.
Closed: $2.825 million.

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1383 SANTA TERESITA DRIVE
Great mountain views own 2.43 acres in the Foothill area.
Listed: $2.479 million in August 2020.
Closed: $2.454 million.

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2970 HIDDEN VALLEY LANE
Right on the road and with some floor-plan quirks.
Listed: $2.749 million in February 2018, then cut to as low as $2.349 million, then raised to $2.395 million.
Closed: $2.255 million.

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2942 TORITO ROAD
1950 adobe’s owner had unrealistic expectations.
Listed: $3.475 million in July 2018 and cut a bunch of times till it was at $2.475 million.
Closed: $2.02 million.

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And a few more worth noting:
••• 2109 Mt. Calvary Road (above): $2 million.
••• 1221 De La Guerra Road (below): $1.775 million.
••• 2786 Ben Lomond Drive: $1.699 million.

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