Tag Archives: Real Estate

Ellen DeGeneres and Portia de Rossi Post Santa Barbara Estate for Sale at $45M

Ellen DeGeneres and Portia de Rossi have listed their Santa Barbara home for sale. The couple is asking $45 million for the property, which is comprised of three parcels purchased in two 2013 transactions totaling $28.8 million.

Dating to the 1930’s, the rustic house measures 10,500 square feet, and contains six bedrooms and eight full or partial baths. The sandstone and raw timber home features a rambling layout around a center courtyard.

It’s a substantial look, and it doesn’t ever pass into the vague indecision of many higher end period residences that have been renovated; it achieves a strong sense of authenticity by never really appearing to question its identity. Modernizations and elements of cross-cultural layering are nicely incorporated, and do not topple the composition.

DeGeneres has suggested that the house seems to be an expression of its landscape, and that’s pretty accurate. It doesn’t impose, and it does not dominate; a neat trick for a home built from rusticated stone. And, even though the home is the product of a very assertive European design aesthetic located in Southern California, it doesn’t feel contrived. Part of that effect is the countryside of Montecito, which perhaps more than any other SoCal locale resembles the Riviera.

The house features nine fireplaces, libraries and reading rooms. Ceilings are vaulted, sometimes open trussed, and floors are generally tile or stone. Windows and French doors are pleasingly plain, steel-framed affairs, and do not distract from the overall style. The overall look is heavy-handed, packed to bursting with charming detail, but it never comes off as ponderous. Frequently, skylights lend a little liberation to the proceedings, and balance things out nicely with a dash of the ethereal.

The nearly seventeen acres of grounds are filled with gardens and quiet alcoves. An additional pavilion structure was constructed by the couple, and features a wet bar and catering kitchen, and entertaining space under a high vaulted ceiling.

DeGeneres—a legendarily restless house-hunter—and spouse de Rossi have owned several homes in their time together: buying, renovating and selling. The couple’s latest real-estate acquisition may lead them to Australia, de Rossi’s home country.

 

Making Headlines Around the World: Rancho San Carlos Estate in Montecito, California

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The Rancho San Carlos Estate listed by Harry Kolb & Suzanne Perkins of Sotheby’s International Realty in Montecito is offered at $125 Million. Photography by Jim Bartsch

A Large Montecito Estate Lists For $125 Million Wall Street Journal

“It’s like a small city’: California super-mansion with 10 cottages and an English-style

pub on its grounds goes on the market for an eye-watering $125 Million – The Daily Mail

Sotheby’s International Realty Announces Exclusive $125 Million Listing of Historic

Santa Barbara Estate – PR Newswire

Montecito Ranch on 238 Acres Lists For $125 MillionForbes

Equestrian estate in Montecito asking $125 millionLA Times Hot Property

“http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-montecito-estate-20140905-story.html?track=rss” target=”_blank”>Equestrian estate in Montecito asking $125 million – LA Times Hot Property

California estate hits the market for $125M – The Real Deal

California estate with equestrian facilities on market for $US125 million – Horsetalk.co.nz

Montecito Ranch On 238 Acres Lists For $125 Million – Forbes

HOT PROPERTY: Equestrian estate in Montecito asking $125 million – LA Times

HOUSE OF THE DAY: A 237-Acre California Estate With A Secret Underground Pub Is On The Market For $125 Million  – Business Insider

Gorgeous 237-Acre Estate Just Casually Listed for $125M – Curbed National

Massive, Lavish Montecito Estate With Secret Pub Asks $125MM – Curbed LA

9/5/14 – HOUSE OF THE DAY: A 237-Acre California Estate With A Secret Underground Pub Is On The Market For $125 Million – Houston Chronicle

HOUSE OF THE DAY: A 237-Acre California Estate With A Secret Underground Pub Is On The Market For $125 Million – Seattle Pi

 

Click here for more information on the Rancho San Carlos Estate

TheRanchoSanCarlos.com

www.harrykolb.com

 

 

NEW LISTING! Montecito, California Ocean View Italian Villa

946HotSprings_17-pool

A 1999 Italian Villa of approximately 7,547 sq.ft. of living space designed by Jon Sorrell set on 3± rolling acres in the heart of Montecito offering panoramic ocean and island as well as majestic Montecito Valley and mountain views. This elegant 4-bedroom home features a grand two-story entrance loggia with 21-foot high ceiling and a two-story living room with mezzanine, a dramatic center atrium, and a large floor-to-ceiling fireplace with over mantel. The home also includes a music/family room with walls of glass that open to the pool area, the formal dining room has three sets of French doors with panoramic ocean and island views, the library/pub room has a knotty-pine bar area, a gourmet kitchen with breakfast conservatory, wine storage room, and a first-floor guest bedroom with fireplace. The second floor features two family bedrooms, a loggia with fireplace and walls of arched French doors, and an expansive master suite with a sitting room, two fireplaces, two separate full baths and a master closet complete with washer & dryer.

The property offers an expansive outdoor entertainment area with a pool and spa, and pool house perfect for soaking in the sweeping views and landscaping designed by Grant Castleberg. There’s also a detached 3-car garage across the large walled motor court.

Offered at $13,000,000

Please call 805.452.2500 for more information or e-mail harry@harrykolb.com.

946HotSprings_04-front exterior

 

 

 

Sotheby’s December 2013 and Best of 2013 issues of Significant Sales

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I am pleased to provide you with the December 2013 and Best of 2013 issues of Significant Sales.

The December issue features top sales from various locations, beginning with an extraordinary 65,000-acre property in Canada. Also featured are properties from Florida, New York, Washington, D.C., Colorado, California and Virginia. The Best of 2013 issue provides a snapshot of the exceptional work our worldwide network did last year. We can all be proud of the properties that made the list and the immense amount of hard work and expertise it took to successfully market and sell these distinctive homes.

sotheby's_december-13-significant-sale-quebec-canada

SOTHEBY’S INTERNATIONAL REALTY QUEBEC
| SALES PRICE UNDISCLOSED | CANADA

This property features 65,000 acres of pure paradise. A world-class
private hunting and fishing reserve located one hour from Ottawa,
Montréal and Mont-Tremblant, it has 70 private lakes including 28
kilometers of lake frontage on Lac Papineau and Lac Commandant,
13 private chalets, a private marina and fish hatchery. The
property is a spectacular wilderness reserve that has played
a pivotal place in Canadian history, as the nearby Fairmont Le
Chateau Montebello has hosted NATO meetings, a G-7 Summit and
a North American Leaders Summit.

sotheby's_2013-best-of-significant-sale-aspen-colorado-$44m

ASPEN SNOWMASS SOTHEBY’S INTERNATIONAL REALTY
| $44,000,000 | COLORADO, USA

Situated on 504 private acres in Snowmass Village, this property
is a compound that includes a main house, guest house,
barn, pastures, ponds with water rights, outdoor spaces and
breathtaking views. The main house features more than 23,000
square feet on three levels with four bedrooms, five full baths,
three half baths, contemporary kitchen, formal and informal living
and family rooms, his and her master baths and closets and
large exercise room. There also is a massage room, indoor spa with
sunken hot tub, multiple offices, game room, three-tiered theater,
wet bar, vaulted ceilings and beautiful outdoor spaces with fire
pit and wood-burning fireplace. The guest house features 2,680
square feet with two bedrooms, two and-a-half baths and a woodburning
fireplace. The two level barn has 5,232 square feet.

sotheby's_december-13-significant-sale-palm-beach-$28.5m

SOTHEBY’S INTERNATIONAL REALTY–PALM BEACH BROKERAGE
| $28,500,000 | FLORIDA, USA

This extraordinary lakefront jewel, built in 2008, offers the
ultimate in Palm Beach living. The grand iron gates create
a formal entrance to the meticulously maintained landscape and
residence. With incredible views of the Intracoastal Waterway
from every major room, the home has a well-designed floor plan
that offers a wonderful flow through the spacious rooms which
open out onto outdoor loggias, providing elegant entertainment
spaces inside and out.

sotheby's_2013-best-of-significant-sale-california-$22.25m

HOM SOTHEBY’S INTERNATIONAL REALTY
| $22,250,000 | CALIFORNIA, USA

This recently completed Pacific Island-style abode presents
a sublime oceanfront oasis and introduces an exotic fusion
of natural textures and finishes to a contemporary design.
The two-story foyer, with custom Italian light fixture, unfolds
to the main living areas and ocean view office. Floor to ceiling
Mahogany doors retract into walls, opening the home to
an outdoor lounge, terrace and infinity edge pool. With 9,000
square feet on three levels, the home grants seamless transition
from indoor to outdoor spaces with heated interior and
exterior floors. There are woven seagrass ceilings, Mother of
Pearl entry wall, coconut mosaic tiles and a striking wall of sky
blue onyx in the kitchen.

sotheby's_december-13-significant-sale-santa-barbara-$8.290m

SOTHEBY’S INTERNATIONAL REALTY–MONTECITO–UPPER VILLAGE BROKERAGE | $8,290,000 | California, USA

This four bedroom and three bath Santa Barbara oceanfront
home is located in a serene setting on gated Beach Club
Road with expansive views. Perfectly situated to afford tranquil
beach living at its finest, this home was designed by noted Santa
Barbara architect Peter Edwards. It offers open spaces with
views from every room. It also features an outdoor spa overlooking
the ocean and a master bedroom with a patio looking out to
the sandy beach and Channel Islands in the distance.

 

 

Long Term Improvement in Estate Sales in the Montecito and Santa Barbara Area

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January 15, 2014
By Harry Kolb

Click here to print The Little Wood’s Newsletter

MONTECITO & SANTA BARBARA:  Even though the volume of estate homes sold in 2013 was not as strong as the previous year, it did continue to demonstrate a general slow growth over the past several years. Where the Montecito/Santa Barbara area market was beginning to show some signs of a comeback in 2012, that confidence didn’t continue through 2013 although we did sell more estate homes than in the previous three years. In 2012 we sold 72 homes for more than $4 million where in 2013 we sold only 57. What was slightly better in 2013 was that the average days on the market came down from 670 days to 514 and the average sales price compared to the last asking price came up from 90% to 92% – both signs of an improving market and the meager beginnings of a Seller’s Market.

Santa Barbara Estate Market Over $4M Summary 2000-2013

The estate market in the Montecito and Santa Barbara area is usually divided into three price ranges; $5-$10 million, $10-$20 million and over $20 million. In the $5-$10 million market we sold 39 homes in 2012 but only 27 in 2013, down for the year but slightly better than the previous three years.

Santa Barbara Area Sales Between $5 - $10m 2000-2013

In the $10-$20 million price range we sold 14 homes in 2012 and 12 in 2013, down for the year but considerably better than in 2011 when we sold only two homes all year.

Santa Barbara Area Sales Between $10 - $20 Million 2000-2013.pub

The Montecito and Santa Barbara estate market of homes sold for over $20 million was especially disappointing. In 2013 we sold only one major estate, down from the previous year when we sold three, but again on par or better than the previous two years.

SB Area Sales Over $20m 2000-2013.pub

The Montecito and Santa Barbara market for significant homes valued over $4 million is considerably different than the market for the average American home we all read about in the press. The national press and even our local papers take their statics from readily available statistics from our local Board of Realtors where the median sales price for all homes sold in Santa Barbara county last year was $775,000 and the median time on the market was 18 days. Obviously a different market than that of estate properties. And when major media report that the average price of homes sold last year was up 20%, as it appears in our local Santa Barbara county statistics, the press fails to remind readers that much of that increase in average sales prices is due to fewer and fewer lower priced homes available in the inventory as buyers take advantage of foreclosures and distressed properties as they consume the inventory. Measuring true appreciation in a market requires comparing the value of the same home over a period of time. Of the 57 homes sold for over $4 million in Montecito and Santa Barbara last year, five sold for more than they did within the past five years, seven sold for less, and four sold for the same. These are all considered same for same without including homes that may have been improved in any manner. So from a value standpoint, we appear to have appreciated ourselves back to where we were in 2008 before the market reversal.

Based on the generally improving estate sales over the past five years in Montecito and Santa Barbara, the improving relation of final sales prices to the last asking price and what appears to be an improving Consumer Confidence Index, it seems reasonable to anticipate an improving estate market this coming year. This coupled with what appears to be a pent up demand from an increasing pool of buyers looking for property but not being able to find what they’re looking for from our current limited inventory, the prospects for the coming year look promising.

Santa Barbara Estate Market Over $4M With Consumer Confidence 2000-2013

 

For more information on the Montecito and Santa Barbara Estate Market please call Harry Kolb at 805-452-2500 or e-mail harry@harrykolb.com.

‘Solana’ – one of the Top 10 Most Viewed Properties on sothebysrealty.com for 2013

The world class coastal views from The Peabody Estate Solana in Santa Barbara, California.

The world class coastal views from The Peabody Estate Solana in Santa Barbara, California.

View the complete article here:  10 Most Popular Properties of 2013 – sirluxuryrealestate.com

SANTA BARBARA, CA – Solana, one of the most significant homes on the California coast with no compromise in climate, location, or quality of refinements and offering world-class coastal views, is now completely updated to today’s demanding standards. Solana surrounds you and your guests with the finest examples of hand-carved mahogany, European forged bronze hardware, museum quality mosaic tile floors, 18th century wall sconces and 17th century French oak paneling. For those seeking a sanctuary on California’s west coast, Solana’s stunning 360-degree views stretch across the entire Montecito Valley to the foothills, past Santa Barbara’s beaches and the picturesque harbor south to the Channel Islands. Solana is one of the most inspiring and refined properties on California’s West Coast with a magnificent 20,000 plus square-foot newly rebuilt grand estate as its centerpiece. Enjoy the scale and of the numerous public rooms or relax in the attention to detail and creature comforts of the private spaces.

Spanning over 11 knoll-top acres, the property includes a large 2-bedroom guest cottage, swimming pool, reflecting ponds, two staff apartments and two three-car garages. Solana displays the stature of a significant, historic estate but with the features of a modern-day creation.