How’s the Montecito Real Estate Market?

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SPOTLIGHT: SUMMERLAND

This previously sleepy Central Coast hamlet is sleepy no more!

Encompassing only 2 square miles and bordering Polo and Padaro, weekends on Lillie Avenue have become a destination for visitors and locals alike who explore, wander, shop and lunch at The Well, Field and Fort, Godmother’s books, The Nugget, Porch and more, before heading down to the beach or off to a Polo match.

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Overlooking the Pacific Ocean, Summerland is an idealized Santa Barbara mix of coastal cottages, beach homes, ranch and equestrian estates all just minutes from Montecito’s Lower Village and the real estate momentum here is on the rise!

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MARKET HIGHLIGHTS

Lambert Road has two premiere listings at 450 Lambert ($12.85M) and 249 Lambert ($17.9M) (the Pacifica Graduate Institute) — both are getting a lot of attention and we expect to see sales here before the end of the year.

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And, the new POLO development has one home already sold, three more in escrow and three more still available.

In 2025, 11 homes have already sold, nearly a third more than last year.

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Right now, there are many great listings on the market (and we know of several more available off market), ranging from a $2 million ocean view cottage to a $21 million Montecito Ranch estate setting a new benchmark for luxury.

With sales on the rise, new listings hitting the market, and quiet deals happening behind the scenes, Summerland is shaping up to be one of the most dynamic markets this year.

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What Happened in Montecito Last Week?

September 28th – October 4th

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weekly spotlight

Designed for Daydreams

3519 Padaro Lane | Newly Listed for $16,950,000

Kick your feet up at this magically reimagined oceanfront Padaro Lane cottage. Thoughtfully transformed, this one-of-a-kind property set on 0.39 acres, brings the beach to the house and the house to the beach, radiating coastal elegance at every turn with a 3 bedroom/ 2 bathroom main house, 2 bedroom/ 2 bathroom guest house, and professionally landscaped grounds.

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That sums it up for last week!

Click here to view more of our current featured listing

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