Last week’s sales….
321 ENNISBROOK DRIVE (ABOVE)
Ellen DeGeneres and Portia de Rossi paid $12 million for the three-bedroom house in September 2021.
Listed: $13.9 million in January 2022.
Closed: $13.5 million.
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810 TORO CANYON ROAD
“Bloom County” cartoonist Berke Breathed paid $1.14 million for the land in 1997 and built the 6,063-square-foot house in 2001.
Listed: $6.785 million in November 2021.
Closed: $6.785 million.
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1483 ISABELLA LANE
Two-bedroom townhome near Montecito’s Upper Village.
Listed: $3.4 million in March 2022.
Closed: $4.25 million.
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1915 SANTA BARBARA STREET
Joseph Plunkett house circa 1926 in the Upper East.
Listed: $3.495 million in February 2022.
Closed: $4 million.
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660 ORCHARD AVENUE
Montecito three-bedroom built in 2007.
Listed: $3.15 million in February 2022.
Closed: $3.776 million.
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1313 DANIELSON ROAD
Three-bedroom townhome near Butterfly Beach.
Listed: $2.795 million in June 2021, raised to $2.865 million a month later.
Closed: $3.2 million.
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964 GARCIA ROAD
Lower Riviera two-bedroom.
Listed: $3 million in January 2022.
Closed: $3.094 million.
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And a few others worth checking out:
••• 4449 La Paloma Avenue: $2.55 million.
••• 412 Lemon Grove Lane: $2.54 million.
••• 130 Via Alicia: $2.525 million.
••• 522 E. Sola Street: $2.375 million.
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Wow! Over 3 3/4 million for (what I’m pretty sure is) a prefab/modular/Kit House @ 660 Orchard Lane. Completely insane…
Stop with the successful flip nonsense. After commissions and what they undoubtedly put into the place they broke even at best. We live next to their recent purchase on Hot Springs and there have been 10-15 trucks parked on the road since the day it closed so when she flips this one it will likely have quite a bit init above the purchase price.
I don’t think they put all that much into this one, and we don’t know what their commission structure is. Was it wildly successful? No. Was it successful? Sure.
With all due respect, everything I’ve ever heard or seen about Ellen indicates that she’s an exceptionally savvy businesswoman. Due to that and how profitable the market has been in the last year or so it seems quite silly to think that she would do this without making a profit.
Price is the price and math is math. She wins some she loses some this one looks like a push. She doesn’t do it for the money
Ennisbrook seems successful enough for a four-month flip even with costs, especially for someone who is running a portfolio, and also I think he wasn’t just referring to the money. I think they did a nice job of making it turnkey.