Last week’s sales….
2779, 2777, 2773 PADARO LANE
A 10,902-square-foot Mediterranean built in 2018, with “direct access to Loon Point beach, 24/7 guarded security, and a unique opportunity to develop the two remaining parcels.” It’s the second-largest third-largest residential sale south of the Gaviota Coast. [Update: A reader reminded me about 2781/2801 Padaro Lane, which sold for $69.947 million and then $96 million.]
Listed: $80 million in October 2023, cut to $75 million in April 2024.
Closed: $65 million.
Photos: By Jason Rick (above) and Eric Foote, courtesy Riskin Partners.
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1409 SHORELINE DRIVE
1995 four-bedroom on the bluff’s edge and right next to Shoreline Park; the photos are from when it was last listed (before selling in November 2023 for $8.5 million).
Listed: $9.995 million in September 2024.
Closed: $9.903 million.
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871 SUMMIT ROAD
Off-market sale of a fascinating property on Eucalyptus Hill, near the back gate to the Montecito Club: “1941 cottage in near-original condition” on 2.13 acres; “quite the fixer and at 1,200 square feet not a good candidate to fix up, or expand, as it is too small. Access was over a charming, but constricting, pedestrian only bridge.”
Listed: $3.2 million.
Closed: $3.24 million.
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1297 TUNNEL ROAD
2009 rebuild of a 1965 three-bedroom in Mission Canyon.
Listed: $2.249 million in October 2024.
Closed: $2.4 million.
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350 CHAPALA STREET #301
Two-bedroom, two-bath penthouse in Chapala Lofts.
Listed: $2.695 million in August 2024, cut to $2.499 million two months later.
Closed: $2.1 million.
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