Last week in Montecito closed and pending sales dropped a bit, however six new listings hit the market which we always love seeing! There were two very notable sales last week, one being 1890 Jelinda Drive which just closed off market for $11,500,000 – this 2.9 acre Montecito villa sold for nearly double what it closed for in December of 2020 ($5,855,000) after being gutted but not yet renovated. Then there was 228 Rametto Road, a charming 3 bedroom/ 2 bathroom which sold for $4,150,000, that is 20% over the asking price. Not only that, but it closed in 8 days! There is always something “buzz” worthy in Montecito real estate.
What happened in Montecito Last Week?
April 17th – April 23rd
4 HOMES SOLD
2 LISTINGS WENT INTO ESCROW
6 NEW LISTINGS
1 PRICE CHANGE
FUN FACT: All of the new listings that hit the market this week in Montecito were under the $5.5M price point.
2692 Sycamore Canyon Road | Offered at $16,850,000
Taking full advantage of the Mediterranean climate in this coveted Montecito location, the property was designed for today’s lifestyle with indoor and outdoor rooms that flow together and invite living life in full color. Seven bedroom suites plus a private guest house with a kitchen offer room for everyone. A pool cabana and bonus room give options for a multitude of other uses. Playful, spirited, timeless and modern, this is a classic estate for all ages.
