Exclusively offered luxury homes in Santa Barbara » Hope Ranch homes

Hope Ranch Oceanfront

psaraca — Tue, 13 Oct 2009 22:13:46 +0000

A recent sale of an Oceanfront Home in Hope Ranch reflects what a great time it is to be a buyer of luxury property! This extensively remodeled luxury estate of approximately 13,500 sf with 10 bedrooms & 13 baths on just under 3 acres was originally listed at $39,500,000 in 2007. It just closed escrow for $12,800,000. Oceanfront properties in Hope Ranch are rarely available. This final sales price was beyond a bargain! There are currently 23 active listings in Hope Ranch and an additional 4 in escrow. There have been 12 sales year to date in Hope Ranch – there were a total of 20 sales in Hope Ranch last year so we are running slightly behind this year. With the National Association of Business Economics citing that 80% of economist believe the recession is over now may be the best time to buy real estate in Santa Barbara. There are some fantastic properties currently for sale with perhaps more bargains to be had! For horse enthusiasts there is an impressive Mediterranean with ocean views from most rooms, charming guest house and first class equestrian facilities in a prime Hope Ranch location now for sale. To view this and other Hope Ranch Properties for sale go to www.RareEstates.com or call 805-560-9951. For information about a privately offered George Washington Smith estate in Hope Ranch please call 805-560-9951.

Montecito ocean front homes for sale

Stephen Downarowicz — Mon, 29 Dec 2008 05:59:25 +0000

Just sold! The most recent sale of a Montecito Oceanfront Estate was in the exclusive 22 acre gated community of Sea Meadow. This spectacular Montecito luxury home in French Normandy style was in impeccable condition & drew lots of interest. It sold for well over its asking price of $9,750,000. The selling price was $10,600,000! This Oceanfront Home previously sold in July 2000 for $5,150,000 – perhaps a better investment for the owner than the S & P 500?? Yes, that is double in just over 8 years which shows the resiliency of the Montecito Oceanfront Estate Market.

This photo is linked to all Montecito oceanfront properties for sale. Click to preview.

There are currently just 22 oceanfront homes listed for sale in the Santa Barbara MLS, this includes Carpinteria, Montecito, Summerland, Santa Barbara, and Goleta. There are a few other privately offered oceanfront homes for sale in the area including one in Hope Ranch. Santa Barbara oceanfront estates remain extremely rare since Santa Barbara has such a limited supply and as Santa Barbara and Montecito continue to be a choice destination for buyers from all over the world looking for luxury real estate.

The Santa Barbara estates and unique signature property market requires well informed local expertise that is essential for the finding, successful acquisition, sale, and value analysis of these rare estate properties. Custom searches of Santa Barbara beach properties, estates, Montecito homes for sale, luxury real estate in Montecito or Hope Ranch real estate information are available at http://www.RareEstates.com, a fine home purchase and sale network with specialized local resources and knowledge of unadvertised luxury properties and qualified estate property investors searching for properties to acquire.

Montecito properties luxury view estate. Rare Montecito view estate compound becomes available.

Stephen Downarowicz — Mon, 08 Dec 2008 00:17:13 +0000

This expansive Montecito estate compound is situated on one of the most desirable Montecito estate parcels in the Santa Barbara estates market segment. This magnificent Montecito estate offers spectacular ocean, island, harbor, city and mountain views, a very unique combination, all from a "close in" elevated vista close to the Montecito lower village on Coast Village Road in Montecito as well as the upper village on East Valley Road in Montecito. Perched on the most sought after Montecito estate parcel in the desirable Pepper Hill neighborhood, with its awe inspiring sweeping view vistas from all vantages within the gated compound, this rare Santa Barbara estates offering has not been available for 15 years and has been extensively updated within that time to become one of the premier Montecito estates offerings within the Montecito real estate market place.

The Santa Barbara real estate market, estates offerings has rarely seen an estate property of this magnitude within the Montecito estates for sale market segment at any price point, much less below the $10 million ceiling within the last 8 years. Montecito estate properties like this are truely rare indeed, particularly in the Montecito Cold Springs Schol District. View details and over 30 photos of this Montcito estate for sale. This Premier Montecito estate is offered at $8.5 million.

This quintessential Montecito view estate includes 5+ bedrooms, 4 full and 3 ½ baths, with full guest suite. Detached opulent office, work shop and fire placed entertainment area. Gated entry. Pillared stone lined motor court. Two 2+ car garages. And gracious, matured landscaped grounds. An extraordinary Montecito estate situated on one of the most desirable Montecito estate parcels, with a prime location close to Upper and Lower Montecito Villages.

Property Highlights

Prestigious view estate compound
5 Bedrooms + 4 full and 3 1/2 baths
Detached guest area, office suite. Ferrari bar.
Attached 2 car garage
Several separate private gardens with outdoor fireplaces
Sweeping ocean, island, harbor, city and mountain views
Main house office suite
Detached workshop and 2 car garage w/ magnifident views
Full guest suite. Outdoor room. Screened yacht storage area.
Gated privacy yet open secluded, lush, gardens and grounds

Property Description

Montecito luxury estate home and compound, in a private, graceful, serene setting with unmatched, elevated close in views of ocean, island, harbor, city and mountains. This Expansive Montecito estate is your own resort retreat setting with a private full guest suite on beautiful Montecito estate acreage with incredible views, enchanted pathways through inspiring lush mature grounds and landscape to Zen gardens, secret alcoves, and the redwood lined gated entry. The magnificent views spilling from the breathtaking yard are overlooked by a heated outdoor room with fireplace adjacent to pool & spa. The prominent estate compound, includes multiple living areas both indoor and out. A detached office suite, Ferrari bar and shop with vaulted wood beamed ceilings and its own spectacular views, a beautiful, separate, private full guest suite. All impeccably constructed of the highest quality with massive exposed wood beams and immaculate yet casual finishes, with magnificent views from every vantage. There are 2 outdoor and 4 indoor fireplaces for wonderful choices in entertaining and get-togethers. There is even a secluded and well screened, private 50 ft. +- area for yacht storage. An extraordinary Montecito estate situated on one of the most desirable Montecito estate parcels, with a prime location close to Upper and Lower Montecito Villages. Contact us for a private showing and more information.

350 Woodley Road, Montecito, CA 93108

All information in this site is deemed reliable but is not guaranteed and is subject to change.

Hope Ranch real estate Santa Barbara estates properties, an exquisite George Washington Smith masterpiece.

Stephen Downarowicz — Thu, 18 Sep 2008 04:51:09 +0000

Value Priced at a comparable bargain, this irrepalcable masterpiece is truely priceless, yet offers a tremedous value at $29.8 million An impeccable restoration of an historic George Washinton Smith jewel. This extremely rare Hope Ranch estate for sale is the most spectacular property currently offered on the market. Nothing available in the Santa Barbara area has this stellar combination of desired attributes. A Santa Barbara estate in the most desirable location within Hope Ranch. A superb eight acre Santa Barbara estate property. One of George Washington Smith’s finest creations, may be purchased for $28.9M. There is an additional pristene 8 acre parcel adjacent, available for $10 million. See a detailed website about this magnificent property.

An exquisite estate home in Hope Ranch, Santa Barbara CA. A classic Santa Barbara estate property. Built in 1928 by George Washington Smith, the renowned architect, of several Santa Barbara estate properties including many Montecito estates. This is a thoroughly detailed 5+ bedroom, and 7 bath home, set on a perfect 8 acre ocean and mountain view vista. From all angles it invokes a masterpiece image of the oak studded country of Old California. With inspiring views in every direction, as a sentinel of the Hope Ranch beach bluff, Santa Barbara’s premier estates community with miles of bridal trails, this quintessential Santa Barbara estates property is a George Washington Smith tour de force. Steeped in history, it is one of 3 original Hope Ranch estates built in the 1920’s by Hope Ranch founding partners. Of these 3 grand estates, this magnificent 8 acre Hope Ranch estate retains the panoramic ocean, island and mountain views.

The estate is embraced with oak sheltered grounds, a detached guest cottage, with 2 attached guest-apartments, a 5 car garage and staff quarters with two extra multi-use rooms.

This exquisite George Washington Smith design in Hope Ranch properties is an extremely rare Santa Barbara estate. It’s at once, beautiful, serene, private and secure, far from the freeway and railway, yet is minutes to downtown Santa Barbara. This is truly an irreplaceable Santa Barbara estates home. Rarely does one find a Santa Barbara estates property for sale of this magnitude in unique George Washington Smith architecture inside exclusive Hope Ranch. This home is very close to the ocean and the private Hope Ranch beach, set on a unique vista of impeccable views and has instant access to Hope Ranch’s elaborate equestrian trails that allow you to ride to the beach in minutes. Ride a beach trail along a year round stream never crossing a road. This site was chosen in 1920 as the premier vista on which to erect this impeccable Santa Barbara estate property.

Santa Barbara properties, privately offered Santa Barbara estates, Santa Barbara ocean front for sale, Montecito estates, and the signature Santa Barbara properties market, is one which requires well informed local expertise and knowledge, crucial to successful acquisition and sale of these rare estates. Custom searches of Santa Barbara properties on the beach, Santa Barbara estates, Montecito properties for sale, Hope Ranch real estate, Carpinteria beach estates information and anaylsis of Santa Barbara CA homes for sale, is available at this site and http://www.RareEstates.com, a fine home sale transaction network, with specialized resources and knowledge of unadvertised Santa Barbara properties and qualified Santa Barbara estates property investors. For exclusive comprehensive analysis and information about Santa Barbara ocean front for sale, privately offered Montecito estates, Santa Barbara estates, or the Hope Ranch properties, inquire here.

Santa Barbara properties for sale, Montecito estates, Santa Barbara real estate search, are all here with just a click

Stephen Downarowicz — Mon, 07 Jul 2008 05:03:03 +0000

The customized Santa Barbara properties search in the left column on this page offer one click searches of virtually all Santa Barbara real estate for sale, pre-sorted by category updated daily. This is the most comprehensive, single source of Santa Barbara properties for sale on the internet, including Montecito properties, Santa Barbara properties, Hope Ranch real estate for sale, Summerland and Carpinteria properties, Goleta real estate, and Santa Ynez properties, all further sorted by property type and features such as Santa Barbara ocean front for sale, Santa Barbara view properties for sale, Montecito estates, and Santa Barbara Mesa properties. Simply click your preferred search and your there. You can then modify your Santa Barbara property search, save favorite Santa Barbara properties, and set up to automatically receive emails of properties that fit your search parameters the moment they come into the system. So you are the first to be alerted when a property of interest is for sale.

Santa Barbara properties, privately offered Santa Barbara estates, Santa Barbara water front for sale, Montecito estates, and the signature property Santa Barbara properties market is one which requires well informed local experticse and knowledge, crucial to successful acquisition and sale of rare estates. Custom searches of Santa Barbara properties on the beach, Santa Barbara estates, Montecito properties for sale, Hope Ranch real estate, Carpinteria beach estates information and anaylsis of Santa Barbara CA homes for sale, is available at this site and http://www.RareEstates.com, a fine home sale transaction network, with specialized resources and knowledge of unadvertised Santa Barbara properties and qualified Santa Barbara estates property investors. For exclusive comprehensive analysis and information about Santa Barbara ocean front for sale, privately offered Montecito estates, Santa Barbara estates, or the Hope Ranch properties, inquire here.

Santa Barbara Ocean Front for sale. Best 24 Santa Barbara beach properties for sale picked by www.RareEstates.com

Stephen Downarowicz — Sun, 06 Apr 2008 06:18:19 +0000

Below are the 24 properties of Santa Barbara ocean front for sale offering the essence of the Santa Barbara beach front property life style as chosen by www.RareEstates.com

Link to detailed property page and multiple photos.

The Santa Barbara estates and signature property market is one which requires well informed local knowledge that is crucial to successful acquisition and sale of these rare estate properties. Custom searches of Santa Barbara properties on the beach, Santa Barbara estates, Montecito properties for sale, Montecito estates, Hope Ranch real estate, Carpinteria beach estates and information, are all available at http://www.RareEstates.com, a fine home sale transaction network, having specialized local resources and knowledge of unadvertised luxury properties and qualified Santa Barbara estates properties investors searching for property acquisition. For exclusive information about Santa Barbara ocean front for sale, privately offered Montecito estates in the Montecito, Santa Barbara estates or Hope Ranch properties marketplace, direct your inquiries here.

Mortgage rates for Santa Barbara properties end the week practically unchanged after volital week

Stephen Downarowicz — Mon, 31 Mar 2008 17:26:22 +0000

Continuing winds of change were again working to keep the market of financials from settling just yet, throughout last week. Monday news brought a nice shot upwards for the stock market, as brow beaten Bear Stearns now is predicted to get $10 a share in their buyout, rather than a reported $2 a share. Very good news for a anxious financial sector, but Bonds got beaten down, as money jumped from bonds to stocks – causing the Santa Barbara homes mortgage market interest rates to increase.

But as the week moved ahead, some bad news had differing effects, including a dip in Consumer Confidence and further unsettled, but improving news in the Santa Barbara housing marketplace, which sent money right back away from stocks, and into the safer refuge of the bond market, helping Santa Barbara area mortgage rates to reduce once again. But every action has equally the opposite reaction, and bonds and home mortgages reversed direction again, with better than anticipated unemployment news for Thursday.

Of course Friday found the news that Core inflation was probably not as heated as previously believed. The closely watched year to year core inflation numbers were reported at only 2%, as calculated by the Fed’s preferred Personal Consumption Expenditure Index (PCE), and certainly within parameters for what Fed members would prefer to observe for core inflation. Of course inflation is the nemesis of fixed rate bond issues as well as home mortgage interest rates. So this news was well received, and moved Santa Barbara properties mortgage rates to an improvement once more. So after all was said and done by the end of the week, Santa Barbara real estate mortgages ended up close to where they started, after a bit of volatility.

The Santa Barbara estate and signature property market is one which requires well informed local knowledge that is crucial to successful acquisition and sale of these rare estate properties. Custom searches of Santa Barbara properties on the beach, Santa Barbara estates, Montecito properties for sale, Montecito estates, Hope Ranch real estate, Carpinteria beach estates and information, are all available at http://www.RareEstates.com, a fine home sale transaction network, having specialized local resources and knowledge of unadvertised luxury properties and qualified Santa Barbara estates properties investors searching for property acquisition. For exclusive information about privately offered Montecito estates in the Montecito, Santa Barbara estates or Hope Ranch properties marketplace, direct your inquiries here.

Santa Barbara real estate market year to date comparison to last year shows stability and renewed strength

Stephen Downarowicz — Tue, 25 Mar 2008 08:01:26 +0000

The Santa Barbara real estate markets of Santa Barbara proper, Montecito real estate, and Hope Ranch real estate markets show continued strength and marked improvement moving through the first quarter of 2008. Statisctics below from Santa Barbara MLS for Single Family Homes and Condominiums.

This Year: 1/1/2008 to 3/24/2008
Last Year: 1/1/2007 to 3/24/2007
For: 3/24/2008

Property type Res; TYP of ‘Condo’, ‘Home/Estate’; District of – MONTECITO’, SANTA BARBARA,- HOPE RANCH’.

	Total Active				New Listings			Number Sold			Sold Volume				Average Sale Price
Area	Last Year		This Year	PCT	Last Year	This Year	PCT	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year		PCT	Last Year	This Year	PCT
MONTECITO		14	23	+64	13	11	-15	3	-70	12	3	-75	20,160,000	5,560,000		-72	1,680,000	1,853,333	+10
EAST Santa Barbara		43	59	+37	40	41	+2	12	-52	23	11	-52	19,004,500	9,029,000		-52	826,283	820,818	-0
WEST Santa Barbara		41	58	+41	35	40	+14	12	-52	13	12	-7	7,845,500	9,493,000		+20	603,500	791,083	+31
HOPE RANCH		0	1	+	0	0	0	0	0	0	0	0	0	0		0	0	0	0
TYP Totals: Condo/Co-Op		98	141	+43	88	92	+4	27	-55	48	26	-45	47,010,000	24,082,000		-48	979,375	926,231	-5
MONTECITO		137	162	+18	92	91	-1	36	-30	45	34	-24	160,265,000	166,046,000		+3	3,561,444	4,883,706	+37
EAST Santa Barbara		121	179	+47	117	124	+5	48	-32	50	31	-38	58,346,850	40,410,500		-30	1,166,937	1,303,565	+11
WEST Santa Barbara		76	110	+44	77	82	+6	40	-32	47	24	-48	51,087,500	24,811,500		-51	1,086,968	1,033,812	-4
HOPE RANCH		15	16	+6	12	12	0	4	-63	6	6	0	20,895,000	17,324,080		-17	3,482,500	2,887,347	-17
TYP Totals: Home/Estate		349	467	+33	298	309	+3	128	-33	148	95	-35	290,594,350	248,592,080		-14	1,963,475	2,616,759	+33
SPACER
Grand Totals		447	608	+36	386	401	+4	155	-39	196	121	-38	337,604,350	272,674,080		-19	1,722,471	2,253,505	+31

We see the overall breakdown for sales volume is off from this same time last year due to mortgage market volitility, however average sale prices are up. Condominium average sale price is down 5% but improving measurably and much improved compared to last fall. Single family home average sale prices are up 33% YTD over last year. The Montecito real estate market contiunes to be the core strength of both the single family home and condominium markets here in the Santa Barbara real estate market place. Overall sales numbers are down but should increase moving into summer with reduced interest rates and calming lending market volitility, which has directly effected total number of closed transactions. The new stimulous package is just now kicking into gear with conforming loan limits now at $729,750 from $417,000, for Santa Barbara county real estate and volume in pending sales is increasing as a result. We look forward to these statistics inproving though out the coming months.

The Santa Barbara unique estate and signature property market is one which requires well informed local knowledge that is crucial to successful acquisition and sale of these rare estate properties. Custom searches of Santa Barbara beach properties, estates, Montecito homes for sale or Hope Ranch real estate information are available at http://www.RareEstates.com, a fine home sale transaction network, having specialized local resources and knowledge of unadvertised luxury properties and qualified estate property investors searching for properties. For exclusive information about privately offered estate properties in the Montecito, Santa Barbara or Hope Ranch Marketplace, direct your inquiries here.

Volatility in the Bond market affected Santa Barbara home loan rates violently but fixed home mortgage rates were better by around .25 percentage points ending the week.

Stephen Downarowicz — Mon, 24 Mar 2008 08:01:37 +0000

With unprecedented weekend work, the Fed, this past Sunday evening, released news that the they not only decided to move to a decreased Discount Rate by .25%, 2 days ahead of normal, but they also had helped assist the rescue of investment house Bear Stearns. The 80+ year old firm had its stock bought out by JPM Chase for $2 per share, $236 Million, a bargain basement special. Bear Stearns traded at almost $90 at the close of February, with a 52-week high almost at $160. Bear Stearns was the single largest buyer of sub-prime home mortgages, with huge eagerness for this kind of paper and they purchased sub-prime transactions averously, a strategy that certainly now looks ill advised, but now overblown. .

Adding to this crazy volatility was enormous news for Tuesday, starting with earnings and stance from two other major financial companies, Lehman Brothers along with Goldman Sachs, who reported more affirming results than had been predicted. Especially following the news of the Bear Stearns circumstances, this was highly greeted news to an edgy Stock market. New construction numbers reported varied, along with a better than expected take on wholesale inflation per the Producer Price Index. Then the Fed acted, and released their bureaucratic decision to cut Fed Fund Rates by ¾ of a %. Many people anticipated deeper cuts, but they likely kept the cut to only ¾ of a %. because of continued worries of inflation.

Then, for Wednesday, the investment house of Morgan Stanley came out with a positive earnings report, which was also seen as excellent news for the Stock market, but caused money to exit Bonds. Then of course came big news from the Office of Federal Housing Enterprise Oversight (OFHEO), announcing that they lifted particular capital restrictions that were put in place for Fannie Mae and Freddie Mac. Permitting these firms to pump $200 Billion into loan markets through the purchase of Mortgage Bonds. The probablity of increasing demand was very positive news for the Bond market and Santa Barbara home mortgage rates reflected that, which immediately lowered on the news.

Santa Barbara $50 Million Montecito beach front property, The Miramar Hotel and resort sees yet another delay

Stephen Downarowicz — Sun, 23 Mar 2008 11:33:54 +0000

Sept. 6, 2007 – Premier Montecito beach front property resort and hotel is a Santa Barbara property jewel that has been mired again in bureaucratic red tape

Rick Caruso, the new owner and developer of the signature Montecito beach property Miramar Hotel says he’s redesigned the plan for the Santa Barbara beach front property, Miramar Beach Resort and going back to Santa Barbara County to submit it. Caruso said this would likely cause significant delays in the projected opening of his Montecito beach property resort and hotel, but will keep with his desire to present to the Montecito community a project he feels they will warmly welcome.

He is not the first to be engulfed in the bureaucratic quagmire that has surrounded this premier Montecito beach property, as 2 previous would-be developers have since passed on the project. Now it’s Caruso’s turn. It seem almost criminal that a local regulating body can have such overwhelming dictatorial control, which has caused this project to be stalled for 8 years, with further delays now on the table.

The Santa Barbara and Montecito communities deserve more responsible governing in property uses, instead of the Just-Say-No stance that has plagued the Santa Barbara area for years now. It’s truly to the point where the local land use officials have become a detriment to their own constituency, with local property rights dwindling away with each passing year.