Recent sales….
In August 2021, retired hedge-fund manager Bruce Kovner and his wife, Suzie, put their 22-acre oceanfront property, 2779 Padaro Lane, on the market for $160 million; it consisted of two houses, one older and one newer, on separate lots, along with three other vacant lots. At the time, the newer house, 2781 PADARO LANE (9,066 square feet on 3.44 acres) was also offered separately for $80 million. (UPDATE: See below.) Ellen DeGeneres and Portia de Rossi just paid $41.697 million for it, along with $28.25 million for one of the vacant lots (the 6.58-acre 2801 PADARO LANE). For the math adverse, that’s a total of $69.947 million. Could the couple have finally found their forever home? The house is by many accounts a beaut, and there’s potential to use the land (and the nearby beach access) for horses. I guess we’ll find out when/if their Ennisbrook hacienda comes on the market. P.S. This is the biggest residential sale in South County history. UPDATE: The $80 million option mentioned above was for the newer house and the adjacent vacant lot that DeGeneres and de Rossi also purchased.
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2030 BIRNAM WOOD DRIVE
Pocket listing of Birnam Wood three-bedroom. (Photo courtesy Knight Real Estate Group.)
Listed: $7.75 million.
Closed: $8.287 million.
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840 IVY LANE
Riven Rock four-bedroom with guest house; I thought it would go for much more.
Listed: $7.6 million in May 2020, cut twice to $6.45 million.
Closed: $6.4 million.
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502 PICACHO LANE
Four-bedroom at Picacho and East Valley Road for which the seller paid $4.495 million in February 2021.
Listed: $7.995 million in May 2022, cut to $7.75 million.
Closed: $5.825 million.
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1295 SPRING ROAD
Two-bedroom townhome near Butterfly Beach.
Listed: $3.595 million in August 2022.
Closed: $3.5 million.
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79 SEAVIEW DRIVE
Two-bedroom condo in Montecito Shores.
Listed: $3.275 million in September 2022.
Closed: $3.275 million.
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643 RICARDO AVENUE
Alta Mesa three-bedroom.
Listed: $3.495 million in May 2022, cut twice to $3.25 million.
Closed: $3.1 million.
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133 EL CIELITO ROAD
1972 three-bedroom in Cielito.
Listed: $2.295 million in November 2022.
Closed: $2.225 million.
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Ellen seems like way too savvy of a business woman to settle at this Padaro property – just because it seems like there’s tons more $$$ to make there. I don’t intend to sound cynical…