Park Lane Supertuscan for $37 Million

Noteworthy new listings….

875 Park Lane ($37 million) is technically a relisting, having briefly been on the market for $28 million in 2019. While the ensuing years haven’t made the classic 1990s Tuscan style any fresher, the pandemic undoubtedly turned the sheer size into a more significant draw. The 14,200-square-foot main house has five bedrooms and, on the lower level, a theater, game room, second kitchen, and wine storage. (Does anyone actually taste/drink wine in these windowless rooms, when there are so many more attractive places nearby?) Elsewhere on the flat 3.31-acre lot, you’ll find a guest house, pool cabana, and tennis court. On top of all that, you get one of Montecito’s most prestigious streets and king-of-the-world views that include the harbor. Given the housing crunch, prospective buyers planning on bringing in staff will want to consider adding the four-bedroom 885 Park Lane next door to their shopping cart; the two properties can be had for $43.5 million.

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3519 Padaro Lane ($14.75 million) is one of those Ozempic-thin lots near the Santa Claus Lane end of the street, with a three-bedroom house set back nicely off the sand and a one-bedroom guest house by the street. A renovation might be able to make better sense of the angular 1960 architecture.

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Proximity to Hot Springs Road didn’t stop the 1937 Colonial at 189 Hermosillo Road ($3.95 million) from selling for $1.9 million in early 2021. Will it fare as well at twice the price? The popularity of the Lower Village remains undimmed, and inventory is scarce (especially at this price point), but the listing mentions no improvements.

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The new way to make your spec reno seem cool: paint it black. 2700 Exeter Place ($3.495 million), at the end of a Mission Canyon cul-de-sac, sold for $1.85 million six months ago. The funky 1951 roofline benefits from the dark exterior, and inside has the typical contemporary stylings. The various little outbuildings might help compensate for smaller spaces elsewhere—e.g, the one-butt kitchen and the 10-by-10-foot third bedroom.

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908 California Street ($2.25 million) is a sweet two-bedroom, two-and-a-half-bath townhome on the Lower Riviera, and it appears to be in good shape. (The carpet probably wants a refresh, as it tends to.) Plus, the two-car garage is a real boon in an area where street parking can be tough.

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I missed 8107 Buena Fortuna Street ($4.95 million) when it came on the market two weeks ago, but it bears a look—we don’t see a lot of Rincon houses come online. A decorator could next-level the 1978 house, and the lawn will likely prove tempting to family buyers. As above, there’s the matter of OPC (other people’s carpet).

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And a few others worth checking out:
••• 438 El Cielito Road ($4.659 million): 1973 Cielito house with party-ready outdoor space that sold for $4.25 million a few months ago.
••• 1040 Veronica Springs Road ($3.495 million): The seller of this Hidden Valley–ish project (with guest house and two-stall stable) paid $3 million in June 2022.
••• 1807 Lighthouse Way ($3.695 million): 2017 three-bedroom abutting Meigs Road; the seller paid $2.705 million in March 2021.
••• 412-414 W. Sola Street ($2.35 million): 1890 bungalow with a separate duplex and apartment.
••• 525 E. De La Guerra Street ($1.875 million): 1930 three-bedroom between Olive and Salsipuedes (below). Love the deck above the garage and the walkability.

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