Could This Lower Riviera House Be Underpriced?

Noteworthy new listings….

Rare for the Lower Riviera, the relatively (2014) new-build 1759 Grand Avenue ($3.15 million) looks like it’s more or less turnkey. There’s no floor plan, and I haven’t seen the property in person, but here’s something you won’t hear me say every day: I think it’s underpriced. P.S. Those stairs in the primary bathroom really need a railing.

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The exterior of 808 Hot Springs Road ($6.495 million), built in 1953, has lots of unpretentious charm, while the inside is a patchwork of styles. At least the guest house is nice and new, so you have somewhere to stay while you give the main house a makeover. Not fixable without a total redo: the house is oriented so that the backyard faces the road.

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The dated 1988 house at 2150 Ten Acre Road ($6.125 million) in Birnam Wood sold for $4.2 million in December. It seems to have been painted, but someone took the ovens.

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According to the listing, 1538 Alameda Padre Serra ($3.3 million) was “one of the first houses ever built on the Riviera.” The 1914 house is a project, to be sure, but there’s plenty of Craftsman charm. P.S. Love the old photos at the end of the listing slideshow.

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It’s a pity we don’t get any interior shots of 6460 Casitas Pass Road ($6.495 million), a six-acre avocado ranch built in 1922 and only traded once. The property includes a main house, the Historical Shepard House, an “employee residential dwelling,” an “agricultural accessory structure,” and a 3,000-square-foot greenhouse.

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The sweet 1958 house at 173 Cedar Lane ($2.295 million), on the west side of Eucalyptus Hill, looks like it would be fun to bring up to date—it’s dying for a California cottage redo. The question remains whether the result would be worth the expense, given that there’s minimal usable backyard and a utility pole interrupts the otherwise first-class view.

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The Coast Village location of 1180 Mesa Road ($2.875 million) will likely make it a hot property, although it’s almost certainly a total fixer, what with the state of the exterior and the dearth of interior photos.

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And a few others worth checking out:
••• 470 Cota Lane ($1.85 million): 1890 house in Montecito being sold as a teardown; worth looking at the photos for a glimpse of the olden days.
••• 1337 Cliff Drive ($2.695 million): Mesa house with a fantastic deck (below).
••• 1483 Isabella Lane ($3.4 million): Two-bedroom townhouse (in Montecito, natch) for $3.4 million? Yikes. But it’s already in escrow.
••• 1558 Marquard Terrace ($1.195 million): Funky little midcentury steps from Elings Park.

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