Santa Barbara Real Estate

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Natalie Portman buys home in Montecito

June 7th, 2017 · California Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Natalie Portman and Benjamin Millipied have purchased a modern estate in Montecito for 6.5 million. Sweeping ocean views are enjoyed from this modern home designed by Barton Meyers on 10.4 acres in the Montecito foothills of Toro Canyon. A sleek balance of steel, glass, and concrete. The main living area offers 3 dramatic glass garage doors in that when raised create an amazing indoor outdoor effect for a chic integrated living experience – see image below. The property is situated in a lush garden setting. Images courtesy of the Santa Barbara MLS. This property was listed with Risken Partners.

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Angelina Jolie buys historic Cecil B DeMille estate

June 5th, 2017 · California, California Real Estate, Real Estate News

Actress and Humanitarian Angelina Jolie has purchased the historic Cecil B DeMille estate in Los Feliz for $24,500,000.  The two plus acre estate was home to DeMille for roughly 40 years.  Following his death in 1959, it was maintained by the movie mogul’s family for three decades until it was sold in 1988. The house was built in 1913, and has been restored and renovated to it’s original vintage while incorporating modern upgrades.  The property offers approximately 11,000 square feet of interior space, six bedrooms and 10 bathrooms. The narration sounds computer generated, and at times possibly a little too personal, but the images of the estate are amazing.

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State Street in Santa Barbara, California

May 29th, 2017 · California Real Estate, Hope Ranch Real Estate, Montecito Real Estate, Santa Barbara Real Estate

Memorial Day weekend on State Street in Santa Barbara where the Jacaranda trees are blooming, and American Flags are flying. Thanks to all the men and women for their service, and those whose sacrifice we remember. You are not forgotten!

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I Mondonnari Italian Street Festival

May 26th, 2017 · Italian Street Painting Festival, Santa Barbara Real Estate, Santa Barbara Realtors

2IMondarri2015AerialPhoto by Eric Issacs

The 31st I Madonnari Italian Street Painting Festival will be taking place from 10am to 6pm (free admission) on May 27th, 28th,  and May 29th in front of the steps of the Old Santa Barbara Mission! The I Madonnari Festival is the first of its kind in North America. The Festival presents the performance art of street painting and raises vital funding for the Children’s Creative Project (CCP), a non profit arts education program of the Santa Barbara County Education Office.

Mondonnari, or street painters, will transform the Mission plaza using pastels on pavement to create 150 colorful, large scale images. It’s a wonderful community event with music and food booths. A popular event, and fun for all!

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The Wave House

May 23rd, 2017 · Santa Barbara Real Estate, Santa Barbara Realtors, The Wave House

        Situated in a small enclave of oceanfront homes along the coast of Santa Barbara resides the iconic Wave House. This architectural masterpiece enjoys spectacular views of the Pacific and beyond. Longtime Santa Barbara architect Michael Carmichael originally designed this unique property.  The main house is 1500 square feet, includes three bedrooms, and two bathrooms. The property also offers a one thousand square foot “Guest” Tower.
       A new design was implemented by Mitch Williams of Mitch Williams Construction  with James Mayo of Marcari Architects and Charlene Pidgeon of Design Source Santa Barbara (Interior Design). Together they converted a sitting area into a third bedroom, and created a new main staircase from the front hallway to the second floor replacing a spiral staircase. The property has been restored, and as you’ll see from the photos, it is spectacular!
      For more photos of the Wave House by Cavan Hadley click on Mitch Williams Construction

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Santa Barbara Real Estate Market Trends

May 17th, 2017 · Santa Barbara Real Estate

Santa Barbara Real Estate Market Trends from January 2013 to April 2017 for number of sales for that month and year.  This graph was prepared by Fidelity Title Company in Santa Barbara. The graph reflects the number of sales for the month for southern Santa Barbara. (Carpinteria to Goleta). It appears we’re keeping pace with last year, but not the same levels of activity as 2013 and 2014.  Click on image to enlarge

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Zillow Lawsuit

May 11th, 2017 · Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate Videos, Santa Barbara Realtors, What's My Home Worth?, Zillow Zestimates

May 11, 2017:  On Good Morning America Barbara Corcoran reported on the lawsuit filed against Zillow.com based on their “Zestimates” feature  (an algorithm that calculates your property’s value).

Real Estate agents have known for a long time how inaccurate Zestimates can be. Now the public is learning not only how inaccurate they are, but they can be problematic when you go to sell your home. Barbara Corcoran, a renown real estate agent from New York City and personality on the television show Shark Tank shares her insights on the lawsuit, and Zillow.com.

Barbara concludes that if you really want an accurate valuation for a property to consult with a real estate agent.

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Win Southern California Dream House!

May 5th, 2017 · California Real Estate, California Realtors, Santa Barbara Real Estate, Win Southern California Dream Home

Win this southern California Dream House (or, 3 million dollars in cash). To purchase tickets go SoCalRaffle.com The Dream House is a 6,300 square foot custom built Mediterranean Home. Six Bedrooms and Seven Bathrooms.  Sweeping views of the Pacific Ocean. Sparkling pool. Located in Palos Verdes.  Tickets are $150 each. 3 packs for $400, or 5 packs for $550 each.  Proceeds benefit the Special Olympics of Southern California. This web site, nor Sotheby’s International Realty, is associated in any way with this event other than a desire to promote the Special Olympics of Southern California. For more information in this regard go to the link above.

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Housing Market Boom!

May 1st, 2017 · Santa Barbara Real Estate

ABC Nightly News April 28, 2017

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Singing the State Street Blues

April 27th, 2017 · Santa Barbara Commercial Real Estate, Santa Barbara Real Estate, Santa Barbara Realtors, State Street

State Street is the main artery in Santa Barbara loaded with shops, showrooms, restaurants, bars, movie theaters, and coffee shops.  A mixed bag where you’ll find many of the best stores you know and love. And yet this visually stunning go to destination for tourist and locals is struggling with record vacancies, and an ever growing homeless community. There are no easy answers here.

Jeff Harding, in his “The Capitalist” column in the Sentinel newspaper, recently reported that an inventory he conducted of downtown State Street – from the “Funk Zone to the 1300 block – found there were 30 retail stores for rent. In 2011 he came up with a count of “about 18 vacancies.” Although most of the economic indicators suggest a growing economy this trend (vacancies) isn’t just a local trend it’s also national. A lot of the large chain stores are undergoing store closings. He also suggests that the Internet and a glut of too much retail space are also contributing factors. Could this lead to more competitive rents? The market will decide.

The Independent news magazine, in their April 14th issue, reported that efforts by the Santa Barbara Police to “curtail nuisance behavior by aggressive panhandlers – referred to as young urban travelers – may soon be retooled into another method of enforcement. Whatever happens needs to happen fast.” Councilman Frank Hotchkiss told the Chief of Police that, “he and his colleagues are feeling serious pressure from downtown business interest to better address what merchants feel is a major contributor to record vacancies up and down State Street.” Like I said, “no easy answers.”

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