In Santa Barbara Ocean Front for sale, Beach Front Tuscan Property on Padaro Lane Gets gets bigger and better for a $109 million total
Santa Barbara ocean front for sale has inticed hedge fund billionaire Kovner to up the ante by acquiring surrounding beach properties adjacent to his new $35 million estate
In a move to secure the beach parcels around his $35 million Tuscan villa beach estate hedge fund billionaire Bruce Kovner is reported to have increased his Santa Barbara Area beach front estate by purchasing 7 acres next door from neighbor Kevin Kostner for $25 million, and 2 other parcels for $34 million and $15 million respectively, for a total beach front estate acquisition cost of $109 million. We believe this to be yet another record purchase price point for beach front Santa Barbara area real estate total acquisition cost in the prestigeous area of the Padaro Lane beach front, just south of Santa Barbara CA. Kovner now owns multiple legal parcels but sources say he plans to treat the assembled land as one large ocean front estate estate. This is an adjunct to the purchase reported earlier on this thread for $60 million.
Signature Santa Barbara properties and estates continue to be acquired by affluent business and investor type buyers in a clear signal that the "smart" money is on premier estate acquisitions and Santa Barbara premier properties seem to be on the top of the list for this unique brand of buyer who is cabable of purchasing property anywhere in the world. They are clearly signaling that this is the time to acquire these properties, indicated by the number of record sales in the Santa Barbara real estate market of late.
Understanding the Santa Barbara estate and signature property market is key to successful acquisition and sale of these unique real estate transactions. A customized search of Santa Barbara beach properties, area estate properties, Montecito area estates or Hope Ranch real estate information is available at http://www.RareEstates.com, a uniquely positioned estate purchase and sale network, having a multitude of local resources and insight to unadvertised estate properties and as well as qualified estate property investors looking for property acquisitions.
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