Modernist Villa Above Montecito Sells for $8.2 Million

Last week’s sales….

1514 E. MOUNTAIN DRIVE
1974 Jack Warner house with killer views. The seller paid $5.8 million in October 2019 and renovated it.
Listed: $12.75 million in January 2024, cut five times to $8.995 million.
Closed: $8.2 million.

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734 EL RANCHO ROAD
Appealing spec reno of a 1958 four-ish bedroom behind Hale Park; the buyer promptly put it on the rental market for $20,000 per month.
Listed: $5.695 million in November 2024.
Closed: $5.62 million.

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1568 FRANCESCHI ROAD
1965 Riviera four-bedroom; the seller paid $2.2 million in September 2019.
Listed: $5.995 million in May 2024, cut three times to $4.95 million.
Closed: $4.711 million.

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165 CANON VIEW ROAD
Mostly renovated 1978 house behind Eucalyptus Hill.
Listed: $3.295 million in September 2024, cut to $3.195 million a month later.
Closed: $3.013 million.

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1347 CLIFF DRIVE
1953 three-bedroom with one and a half baths.
Listed: $2.695 million in July 2024, cut to $2.495 million a month later.
Closed: $2.4 million.

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987 CHELTENHAM ROAD
Mission Canyon three-bedroom with an upstairs entrance; the seller paid $2.2 million in November 2023.
Listed: $2.5 million in April 2024, cut to $2.4 million in June 2024.
Closed: $2.275 million.

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