Santa Barbara

Watched the Fourth of July fireworks from a magnificient bluff top location on the Mesa in Santa Barbara. This oceanfront (click to view Santa Barbara Ocean Front homes for sale) location is a prime spot for a Santa Barbara luxury home. Plans are in place for a gorgeous Tuscan Villa. This remodel opportunity is a rare offering. This locale has a unique orientation facing south and east over the Santa Barbara coastline allowing incredible sunrise views plus ocean, city, harbor, mountain, and island views. Just steps to Shoreline Park, Leadbetter beach – great for surfing and paddle boarding, Santa Barbara Harbor and Santa Barbara Yacht Club plus restaurants and shops. Also close enough for a stroll to State Street and downtown Santa Barbara. Directly in front of you is a favorite local surf spot, for your own live surfing extravaganza. Watch kayakers and paddle boarders from Santa Barbara Harbor, a regular Regatta of international visits from the most spectacular sporting yachts in the world, weekly sail boat races, occasional cruise ship visits and visits from the USS Ronald Reagan, a state of the art U.S. Naval Aircraft Carrier. You may also be delighted with the appearance of dolphins and whales! This is what Santa Barbara beach homes are all about! Build your dream home on one of the most spectacular view properties in Santa Barbara! For additional details on this fantastic offering go to www.BeachFrontSantaBarbara.comAct now and you can watch next year’s fireworks from your very own Santa Barbara beach front home!

The luxury home segment in Santa Barbara has seen a very active spring! Fourteen estate properties have closed escrow at the $5,000,000 +  price since April 1. This compares to 8 properties closing in this price range for the same time period last year. That is an astounding 75% increase in closed sales! Perhaps the money is coming out of gold and into real estate again! The highest priced sale is an oceanfront estate which sold for $16,250,000. Located in a guard gated community this gorgeous 7000 s.f. Cape Cod style home has 5 bdrms, 7 baths and 190’ beach frontage on 2+ acres. And yes it has a guest house and a home theater! Originally priced at $32,500,000 when it hit the market in 2008 – it sold at an impressive 50% discount – I’d say well worth the wait!

Another notable luxury estate that recently closed escrow is a 1930’s Dutch Cape on 3.5 acres with dramatic mountain and ocean views in Montecito. Located just a stone’s throw from Oprah’s little place this property was written about in a previous blog about Montecito ocean view estates! It came on the market at $23,900,000 a year ago and just closed escrow at an even $15,000,000. Some great deals have been made in the Santa Barbara luxury market. Sellers are showing lots of motivation as can be seen by looking at the list to sales prices. Watch for an update on the Hope Ranch estate market next!

Santa Barbara real estate is seeing great interest yet again especially in the high end and particularly the “specialty” Santa Barbara property segment of ocean view and ocean front homes. The consensus of opinion among the higher end buyers is that now it the time to acquire a Santa Barbara view property or a Santa Barbara oceanfront property as they are probably priced as soft as they will ever be at this point, with the market showing definite signs of revival. Interest rates are also slated to increase over time as we move forward the U.S. government intervention of buying billions of dollars worth of bonds has now ended, and most experts feel this will effect bond pricing and associated mortgage rate to slowly rise over the coming year.

One unique and irreplaceable property seeing vigorous interest is this rare Santa Barbara beach front bluff top property available for $2.7 million on one of the most desirable Santa Barbara oceanfront parcels ever offered.

Another strong sign for the Santa Barbara real estate market resurgence is New York’s Manhattan market is seeing a large push in acquisition by foreign investors for the same reason. The consensus is that the market is poised to rebound and this is an opportunity to buy at a bottom in pricing as reported here http://www.msnbc.msn.com/id/36033352/ns/business-real_estate/ The Manhattan market has run parallel to the Santa Barbara market in interest level and sales activity over the years and this correlation appears to continue.

Santa Barbara Oceanfront Home Site Easterly View

We feel that this is THE premier Santa Barbara Ocean Front Home Site. Why? because it has the very rare and unusual characteristic of actully having an Easterly view. Right. How can a West Coast Santa Barbara CA oceanfront property have an Easterly sunrise view? Well, first of all, the Santa Barbara shoreline actually faces south. That is why Santa Barbara coastal living has one of the most perfect micro climates in the world. (There  are only 4 other micro climates like this on the planet, in the Southern French Riviera, a coastal area in New Zealand, another small coastal area in Australia, and another small coastal area of South Africa). 

This beautiful Santa Barbara beach home is on a unique cut of the Santa Barbara coast line facing South and East before the coast line starts looping back to a Southerly view. This allows you to see the incredible sunrise over the Santa Ynez Mountains (which were recently snow capped which happens once every couple of years at the higher elevations). You can step to Santa Barbara’s beautiful Shoreline Park with acres of bluff top lawn, gardens and playground, steps to the beach, and BBQ areas. But those aren’t even the best parts. Directly in front of this Santa Barbara oceanfront home site is a favorite local surf spot, so you have your own live surfing extravaganza to watch almost daily. Just to the left of that, you can watch kayakers and paddle boarders from Santa Barbara Harbor, which has an on-going flow of boating traffic. Santa Barbara Harbor has its regular Regatta and also hosts many international visits from the most spectacular sporting yachts in the world. There are occasional cruise ship visits and even a nearly annual visit from the USS Ronald Reagan, a state of the art U.S. Naval Aircraft Carrier. Althought precious few, there are other Santa Barbara ocean view properties, but not with this proximity to walking to downtown Santa Barbara, State Street and famed Stearns Wharf  a few hundred yards away. With the level of ocean activities right in front of you and with stunning views of Santa Cruz, Santa Rosa and Anacapa Islands, and regular visits by dolphins and even Hump Back whales it’s not hard to understand why we feel this is really not just one of the most spectacular and desirable Santa Barbara home sites, but one of the finest home sites in the world. Build your perfect Santa Barbara Luxury Home here. If you are interested in this home site or one similar (difficult to duplicate this one) contact stevedre@cox.net . We have several unique Santa Barbara estate and Santa Barbara waterfront homes available for purchase or lease.

The numbers are in for Santa Barbara Estates that sold in the final quarter of 2009. The high end, luxury estate market in Santa Barbara includes the areas of  Montecito and Hope Ranch as well as Carpinteria(lots of oceanfront) and Summerland. There were a total of 7 properties that closed escrow above the $5,000,000 mark in the past quarter. The year ended with 5 luxury home sales in December above $5,000,000. My favorite house happens to be the most expensive sale for the last quarter at $17,500,000. This is an absolutely gorgeous oceanfront home on Padaro Lane. This Cape Cod home – and being from there myself I can attest that this is an authentic Cape Cod style home – is over 7000 s.f. of exceptional quality. This private gated, oceanfront home for sale features an expansive green lawn flowing down to the sandy beach on highly desirable Padaro Lane.  I believe this was a fantastic buy as comparable sales in past years for Padaro Lane oceanfront (or any Santa Barbara oceanfront homes for sale for that matter) have been substantially higher!

The yearly total of estate sales (above $5,000,000) of 26 is just about ½ of the total number of Santa Barbara estate sales in 2008. There may never be a better time to purchase that luxury dream home in Montecito, Santa Barbara, and Hope Ranch (to view homes for sale in Santa Barbara click on any of these links) as the competition for buyers is heated with many motivated sellers in the Santa Barbara high end home market! 

May 2010 bring peace, love, happiness, prosperity and good health to all!

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.

There are currently 19 oceanfront properties for sale in Santa Barbara in the area from Goleta to Carpinteria. The prices range from $1,399,900 for a 2 bedroom, 2 bath second floor condominium in Carpinteria to $29,950,000. There are 2 oceanfront estates for sale at $29,950,000. The first is an estate on Padaro Lane. This estate features 1.7 acres with sprawling lawns extending to the sandy beach, a beautiful 4 bedroom contemporary home with a separate 2 bedroom guest house, and a pool for when one tires of swimming in the ocean. The other is also a beachfront contemporary.           

 It is on Fernald Point in Montecito. It features a stunning 5 bdrm house with an oceanfront pool, decks, and lawn on just over 1/2 acre. There are 7 properties for sale priced above $20,000,000, 1 in Hope Ranch priced at $19,500,000 – this is an incredible 13,500 s.f. Italian Villa set on a bluff top overlooking the ocean & islands with a pool & horse facilities, 1 at $11,900,000 (a fantastic new home reminiscent of old Cape Cod which could be purchased fully furnished), 1 at $8,900,000, 5  oceanfront homes in the $5,000,000 to $8,500,000 price range and 2 exquisite condominiums in a gated Montecito Oceanfront complex. Santa Barbara’s oceanfront real estate market remains extremely limited in its number of available properties for sale and highly sought after. It continues to be a rare and desirable investment.Santa Barbara’s main waterfront is a long stretch of coastline that is mostly commercial including Leadbetter Beach adjacent to the marina,  West Beach to Stearns Wharf with its dolphin fountain sculptured by local artist Bud Bottoms, onto Chase Palm Park with its charming carousel, and to East Beach known for its volley ball courts & tournaments. Extending further into Santa Barbara is Shoreline Park with fantastic views of the city, harbor, ocean, islands & mountains and into Montecito is Butterfly Beach across from the world renown Biltmore Hotel – a perfect place to enjoy the sunset. There are restaurants, shops, a path for biking, rollerblading, jogging, or enjoying a leisurely stroll, a Sunday art show, museums, and of course the ocean with all its fun activities! Santa Barbara’s waterfront is bordered by palm trees with the sparkling blue Pacific in one direction and the glorious mountains in the other. It is one of the most beautiful coastlines to be found! Santa Barbara’s Oceanfront remains a favored destination for people worldwide!

The Santa Barbara International Film Festival 2009 (SBIFF) runs in Santa Barbara, California from January 22 through February 1. Along with its idyllic Mediterranean climate and setting, the SBIFF has put Santa Barbara, California on the map, providing notoriety to Santa Barbara as a resort destination. Even through today’s market conditions, Santa Barbara view, oceanfront and estate properties have proven to be prime real estate holdings, including Montecito Estates, Oceanfront Properties, Hope Ranch Estates, and Santa Barbara Estates. Many in the film industry call Santa Barbara and Montecito home or have vacation homes in Santa Barbara.

Arlington Theatre, Santa Barbara

This year there will be over 200 films screened including 21 World Premieres. This year’s festivities include the presentation of awards to Penelope Cruz, Clint Eastwood, Mickey Rourke, Kristin Scott Thomas, and Kate Winslet. Roger Durling of Santa Barbara, California is the SBIFF Director. This year’s theme is”Discover by Day and Be Dazzled by Night” promising a fun time of films, events, and parties. The SBBIFF 2009 guest director is David Fincher. He will discuss his films including his most recent work “The Curious Case of Benjamin Button” starting Brad Pitt and Cate Blanchett. Brad Pitt and Angelina Jolie attended last year’s film festival in Santa Barbara where Angelina Jolie was presented with Outstanding Performance Award for “A Mighty Heart”. The films and events will take place at various venues throughout Santa Barbara including the historic Arlington Theater. There is speculation as to part time Montecito resident Oprah Winfrey making an appearance! Oprah purchased her Montecito Estate for $42,000,000  in 2000 and it is estimated to now be worth over $90,000,000. A testament to the relative strength of Santa Barbara and particularly Montecito real estate values even through down markets, which currently present a new round of buying opportunities.