Perhaps because the market is insane, only a handful of properties have felt the need to reduce their prices this week.
First listed for a gobsmacking $22 million in 2013, 1398 Oak Creek Canyon Road (↓$450K to $9.5M) has been coming down ever since, with some time off for rentals. The setting—looking down over Montecito’s Golden Quadrangle—remains extraordinary.
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More great views at 4002 Cuervo Avenue (↓$275K to $3.975M), a fixer between Campanil and Hope Ranch.
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3 Orizaba Lane (↓$78K to $1.52M), between the Riviera and Parma Park, has surfaces that need attention.
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One look at the map tells you that 2728 Macadamia Lane (↓$36K to $2.189M) is not “tucked away on a quiet country lane”; the property abuts East Valley Road.
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