The Santa Barbara Real Estate Market Continues to Run Wild

Last week’s sales….

1086 CHANNEL DRIVE
1962 time capsule of a house on Butterfly Beach.
Listed: On and off since 2011, for as little as $19.5 million and as much as $25 million.
Closed: $16.8 million.
Photo (above): Eric Foote of Elevated Horizon.

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252 SANTA ROSA LANE
Off-market sale of a 1935 six-bedroom in the Hedgerow.
Listed: N/A.
Closed: $8.65 million.

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2084 EAST VALLEY ROAD
Quick flip of a six-bedroom: the seller paid $6.9 million in May 2021.
Listed: $8.5 million in February 2022.
Closed: $8.6 million.

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495 E. MOUNTAIN DRIVE
New five-bedroom that sold in July 2020 for $5.075 million.
Listed: $7.95 million in December 2021.
Closed: $8.1 million.

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745 FUERA LANE
Off-market sale of four-bedroom house with guest house. I think something is off here, because the property sold for $5.625 million in 2017.
Listed: N/A.
Closed: $6 million.

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1395 VIRGINIA ROAD
Mini-compound near Butterfly Beach; the seller paid just $2.4 million in October 2020.
Listed: $4.295 million in February 2022.
Closed: $5.2 million.

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2929 HIDDEN VALLEY LANE
1973 five-bedroom.
Listed: $4.995 million in January 2022.
Closed: $4.975 million.

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407 STATE STREET
Jeff Shelton’s two-bedroom Pistachio House, built in 2002 and sold for the first time. The sale included the State Street storefronts.
Listed: $4.95 million in November 2021.
Closed: $4.888 million.
Photo: Thomas Story.

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2428 ANACAPA STREET
Successful spec reno of a 2,845-square-foot house in the Upper East; the seller paid just $1.975 million in October 2020.
Listed: $4.25 million in February 2022.
Closed: $4.65 million.

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2025 PLAZA BONITA
Neat 1931 Edwards & Plunkett on a Lower Riviera cul-de-sac.
Listed: $3.795 million in February 2022.
Closed: $4.201 million.

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1114 BEL AIR DRIVE
1983 four-bedroom.
Listed: $3.5 million in January 2022.
Closed: $3.6 million.

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2942 SAN MARCOS PASS ROAD
1960 two-bedroom notable for the mammoth boulder.
Listed: $1.8 million in January 2022.
Closed: $2 million.

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And a few others worth checking out:
••• 450 Via Dichosa: $3.325 million.
••• 3 St. Francis Way: $2.8 million.
••• 2212 Chapala Street: $2.75 million.
••• 9 E. Quinto Street: $2.425 million.
••• 3048 Paseo Del Refugio: $2.36 million.
••• 1096 Cambridge Drive: $2.222 million.
••• 1057 Tunnel Road: $2 million.

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