Exclusively offered luxury homes in Santa Barbara » Santa Barbara real estate

Santa Barbara Oceanfront

psaraca — Sat, 10 Jul 2010 19:49:40 +0000

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.com Act now and you can watch next year’s fireworks from your very own Santa Barbara beach front home!

Santa Barbara Luxury Home Market is Active

psaraca — Tue, 22 Jun 2010 06:39:45 +0000

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 Luxury Home Newly Listed

psaraca — Sat, 29 May 2010 18:05:05 +0000

Newly listed Santa Barbara luxury home for sale is in the desirable San Roque Park neighborhood.This spacious gem is on a beautiful tree-lined street. Enjoy the scent of jasmine and roses as you enter the flower lined brick walkway. An inviting front porch greets you where you can sit and take in the gorgeous mountain views. This coveted location is near a beautiful neighborhood park and Santa Barbara shops and restaurants. The large living room features coved molding, a wonderful picture window and a fireplace. The adjoining family & dining room flow out to a saltillo tiled deck overlooking the lush grounds. The chef’s kitchen has lots of room for creating gourmet meals and a charming breakfast nook in which to savor them. Specialty grocery stores are mere minutes from this home – so convenient! The master suite is on its own wing providing great privacy from the other two bedrooms. The huge yard is a gardener’s delight with an abundance of colorful flowers, plants, mature trees, lawn & patio areas, and a relaxing spa. Now is a fantastic buying opportunity as rates are incredibly low and predicted to go up. Offered at $1,280,000! Click here to view this home or search for other Santa Barbara luxury homes at http://santabarbarapocketlistings.com/

Montecito Estate Buyer’s Market

psaraca — Tue, 10 Feb 2009 06:24:43 +0000

The Santa Barbara Association of Realtors recently held its Real Estate & Economic Review & Forecast for the Santa Barbara real estate market at the Montecito Country Club. This review of the recent Santa Barbara Real Estate market dynamics, including the luxury real estate market, shows the median price has come down over the last 12 months, yet upon an analysis of past years, the 2008 median price is higher than the median price of 2004. The recent increase in number of sales at the lower end of the Santa Barbara Real Estate market has had a downward effect on the median price. However, looking at the 10 year period from 1996-2005, there was an amazing 303% increase in the median sale price of homes in Santa Barbara real estate market! Santa Barbara Real Estate has proven to be an excellent long term investment. Historically it has doubled approximately every 10 years, so to buy now when we have just experienced a short term median price correction may be the smart move particularly in light of recent historically low mortgage rates which cannot last forever.

Looking at the Montecito Estate market in the $2,000,000 – $4,000,000 price range there are currently 43 active homes for sale with 4 in escrow. This is a 10 month + supply. A 6 month supply of homes for sale is considered a balanced market for buyers and sellers with less being a seller’s market and more translating to a buyer’s market. Thus, this 10 month supply of Montecito Homes for sale currently offers some tremendous opportunities for buyers. Again, add to that the historic low interest rates and it may very well be the most opportune time to buy a Montecito Estate! Indications are it is now a Montecito Buyer’s Market! Historically, a rare occurrence.

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.

Montecito properties offer Montecito estate parcel for sale after Tea Fire

Stephen Downarowicz — Thu, 27 Nov 2008 20:16:03 +0000

121 West Mountain Drive

Santa Barbara, CA 93108

Montecito estates acreage with ocean and mountain views

7 acre Montecito estate parcel adjoining Parma Park, separated by a babbling creek. Great horse property potential. Build your custom Montecito estate with guest house. Previous plans available for 4900 sq. ft. main structure and 1200 sq. ft. guest home. A rare opportunity to purchase this magical Santa Barbara real estate paradise!

Property Highlights

360 degree ocean, harbor, island, and mountain views
Possible main home of 4900 sf. and 1200 sf. guest home for custom Montecito Estate property
Serene setting with privacy and tranquility
Hike private trails and Parma Park
Extensive Italian masonry walls and stone work
Rare Montecito estate acreage, 7 acres total.
over 150 producing fruit, avocado and olive trees
Building envelope designated with tremendous views
6 minutes to Montecito Village or downtown Santa Barbara
Gated private road with true cobblestone drive

Property Description

Live on your own secluded knoll, with an ideal southern exposure, and unobstructed ocean, island, harbor and mountain views from sunrise to sunset, while enjoying the sanctuary, peace and quiet from your very own Montecito estate compound. Relish in serene privacy. Bask, in the sun, above the fog. Keep your horses on site.

Enjoy inspiring picturesque, mountain roads, while viewing the Pacific Ocean. Just out your front door, pick fruit and avocados out of your established orchard of over 150 fruiting trees. Process olives and lavender from the existing orchards. Hike down or ride your horses on your private trails to a babbling creek and, up the mountain to Parma Park. Lie on a hammock at night and watch the stars fall and the moon rise over the ocean.

Driving through an electric gated, stone wall entrance, off of West Mountain Dr, brings you to a private lane, an exclusive community of five properties. Your charming ridge top can have a 4,900 s.f main home and a 1,200 s.f guest house.

Enter 121 West Mountain Drive through a European style rock wall, into an olive orchard and lavender lined driveway. From there, it is 360 degree views. This prime location is extremely private yet only six minutes to Montecito Village or Santa Barbara. Potential abounds for more lawns, tennis court, pool, gardens or orchards and corals.

For Sale

$3,800,000

MLS#: 08-2616

Bedrooms:

Bathrooms:

garage:

S. Downarowicz Pat Saraca
Broker agents
ABR

Contact

121 West Mountain Drive, Santa Barbara, CA 93108

©S. Downarowicz Pat Saraca , Broker agents
Distinctive Real Estate
805-560-9951

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

Equal Housing Opportunity

Montecito properties for sale offers a best Montecito estate value at Park Hill Lane

Stephen Downarowicz — Thu, 20 Nov 2008 05:01:36 +0000

There were many beautiful homes on Santa Barbara broker caravan today in the Montecito real estate market place and several of those properties fit into the prestigious Montecito Estate category. Of all the high end Montecito estates previewed today, by far the best estate value was the Montecito home for sale on Park Hill Lane. A magnificent Tuscan style Montecito estate known as Villa Nova. Beautiful sculpted into the foothills of Montecito well away from the recent Montecito wild fire area set on a 1.43 acre beautifully landscaped Montecito land parcel with ocean and Channel Island views and encompasing mountain views in a very coveted location near world famous San Ysidro Ranch as one of your close by neighbors. This a comfortable and classic design of nearly 6000 sq. ft. and compares to other homes previewed that are listed at over $15 million. This is a rare estate value available for $9,7 million.

For more information, click here.

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.

In the Santa Barbara real estate market, is it better to rent or buy?

Stephen Downarowicz — Sat, 11 Oct 2008 05:41:34 +0000

We have been asked this question a fair amount lately. "In the Santa Barbara real estate market, is renting right now a better option than buying a home or a condo, and waiting it out until the market settles?"

The Answer: Well it really depends on your situation, but there has never been a clearer time in our 24 years in the business where it has been such a great time to purchase. In the late 1980’s we saw a similar market downturn. The difference now is that although this one is vastly more sensationalized as it’s now the spotlight of a presidential campaign, whereas in the 80’s it was virtually ignored by government until the Resolution Trust was formed to perform selloffs and create market liquidity. Renting now in Santa Barbara would certainly be a more conservative approach and if you are highly uncertain, then it might be a wise choice. Of course you then run the risk of re-entering the Santa Barbara real estate purchase market with less choice, the likelyhood of higher prices, and higher interest rates. Although it’s a calculated move, Warren Buffet and other highly savvy investor types would say the best time to purchase is when there is the highest amount of supply competing with each other to sell and when the market jitters are at their highest as more sellers will just bail to calm their overly emotional reaction to what is really mostly sensationalism, and the timid buyers won’t compete with you. You’ll find someone that needs to sell and has the perception that things will get worse and will concede to a great deal for you. You really need to identify what you want and need on a longer term basis. Real estate, particularly Santa Barbara real estate, has never been a “day traders” game. Its inherent low liquidity doesn’t allow for it and speculation in that regard has never really been a very successful strategy anywhere. Additionally, in the 80’s a government bailout was unthinkable. Why should taxpayers bear the brunt of the cost of foolish business decisions in a game of high risk Monopoly. Well, 20 years later it seems our society feels we’re entitled to be “rescued” for being foolish, and we shouldn’t have to take responsibility for decisions known to be high risk and speculative. Bit I digress. The good news is that the risk of getting back in the real estate “game” is now supported by tax payer “life jackets” so the risk moving forward is significantly reduced and yet the shock of what has been sensationalized in the press is keeping most folks out of the market…for now. But look at Buffet and the larger more solvent banks and their recent actions. They’re buying. They are simply buying low and will later, sell high. How bad can it really be? The percentage of overall homes in distressed situations compared to all properties, not just all properties for sale, is miniscule. And Santa Barbara has been even less relatively effected. Look at the Montecito real estate market this past year. It’s up 30%. Not much press about the stellar performance of Montecito real estate. We need to ingore 90% of what the media is feeding us. We simply need to define the parameters of what we need and want, and what we are comfortably willing to pay and look at the trends. If you see a Santa Barbara property you like, and would be happy owning, then move forward on your own terms."

So, when you’re wondering whether it’s the best time to buy or sell, know that the Santa Barbara real estate market is always dynamic. It’s either favorable for buyers or sellers, and it’s always changing. Do you really think it will stay one sided forever? The Santa Barbara real estate market favors buyers for the first time in quite a while. Remember, that Santa Barbara real estate, as in most markets, is a long-term investment. Rest assured we will see a sellers market again. And in the clever perspective of Robert Kiosaki, real estate investment guru, “The best time to make money in real estate is when you buy”. In other words, buy low when the market is soft and watch you appreciation increase as the market returns to normal.

And don’t buy a house primarily because it’s the best or worst time. You buy a house you’re going to live in because it’s a roof over your head, it’s a place to call your own and make your own, the tax benefits are unbeatable and yes it will appreciate over time. It has to. It’s the inherent structure of our economic system with a reliable rate of inflation. There have been few times in history where that trend is more obvious. If you’re lucky enough to be in the Santa Barbara real estate purchase market today, your timimg could not be better. We see this current Santa Barbara real estate market as one of the best ever in which to purchase highly sought Santa Barbara real estate because the demand for Santa Barbara real estate is temporarily down…for now.

Please let us know if you have any questions regarding Santa Barbara real estate or if we can help you find a place to call your own!

Montecito real estate for sale under $2 million, offer excellent values in Santa Barbara properties.

Stephen Downarowicz — Tue, 30 Sep 2008 03:49:27 +0000

With the Montecito real estate market up an incredible 30% for this year with the rest of the state and country’s real estate markets reeling, and with economic experts predicting an end to the national real estate market softness, these current Montecito properties for sale may very well be the best Montecito real estate values for buyers to be seen in the next 10 years. Solid real estate markets like the Montecito CA real estate market are predicted to be the first to see a return to strongly appreciating real estate markets as the rest of the softer markets recover. This "blue chip" investment phenomenon is a reliable market action and should be a reasonable indicator for the coming year in the Montecito real estate market place.

Here is a link to all Montecito properties for sale.

The Santa Barbara real estate market has faired quite well comparatively over the last 3 years while other markets have softened. The higher end Santa Barbara real estate market has performed especially well, with Montecito real estate median prices up 30% in 2008 over 2007.

Santa Barbara real estate market forecast stable and poised for strong surge in 2009

Stephen Downarowicz — Thu, 18 Sep 2008 22:16:47 +0000

On September 18, 2008, Dr. Mark Schneipp, Economist of the California Economic Forecast made his annual presentation on the Santa Barbara County Real Estate & Economic Update. Here are the salient points in Dr. Schneipps forecast:

In Santa Barbara Real estate for sale, prices will stabilize in 1st Quarter 2009 with substantial accelerating growth in 2009

Pent up Buyer demand, since late 2006 will rise sharply.

Santa Barbara homes sales stay somewhat muted for the balance of 2008 and begin increasing in the 1st Quarter of 2009, sharply increasing Santa Barbara home sales are expected in the 2nd Quarter of 2009 and sales post a very sharp recovery after that, exhibiting a “V-shaped curve” strength in an already stable Santa Barbara real estate market in the south county.

As credit markets recover during the last quarter of 2008, job conditions will advance slightly, accelerating into 2009.

Notice of Defaults and foreclosures show to have peaked, signaling any Santa Barbara housing decline is over and selling values are unlikely to turn down from here, creating expansion in the Santa Barbara housing market.

A rapid decline in foreclosures is obviously the signal to buyers that the Santa Barbara real estate market has bottomed. A sharp recovery follows.

More job creation and growing population plus buyers who have stayed on the sidelines will boost the bounce back in 2009, signaling that now may be the last chance to find the “deals” all current Santa Barbara home buyers are searching for.

Less than 300 homes will be built in Santa Barbara real estate market this year. The low number of homes started this year is unmatched. Over 50 years records of new home construction in Santa Barbara County, show the rate for the first 7 months this year, is the lowest in history.

Montecito real estate is still strong. For January 2008 through August 2008, Montecito median home sales price is nearly $3.8 million, a year over year increase of +30.7%

The growth of the local Santa Barbara economy and Santa Barbara real estate market place is still upbeat

Commercial real estate vacancy rates in Santa Barbara are still tight and the market remains healthy.

FORECAST: Santa Barbara homes sales will move up quickly as Notice of Defaults lessen, foreclosures crest and prices become stable. Buyers who have sat out waiting to buy will rush in with a corresponding rebound in sales in the 1st Quarter 2009, and increase in 2nd Quarter 2009.