Tag Archives: santa barbara 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.

 

Montecito/Santa Barbara Market Analysis Of 2016

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Marketing to Buyers Across the Globe is More Important Today Than Ever.

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NEW LISTING! Sycamore Valley Ranch Listed at $100,000,000

 

PHOTOS BY JIM BARTSCH

PHOTOS BY JIM BARTSCH

SYCAMORE VALLEY RANCH LISTED BY SOTHEBY’S INTERNATIONAL REALTY

Read the Wall Street Journal Article by Candace Taylor – May 28, 2015

Los Olivos, California
$100,000,000

Style: French Normandy-Style
Square Footage: 12,598± sq.ft.
Year Built: 1982
Main Home: Bedrooms/Baths:   6  / 7 full, 2 powder
Lot Size:  2,698± Acres
Architect: Robert Altevers

Sycamore Valley Ranch is the ultimate ranch retreat and gated estate of approx. 2,698 acres located 5 miles north of the town of Los Olivos. The main residence of approximately 12,598 sq. ft. offers six-bedrooms, including a large first floor master suite with a private loft and two master baths. The home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection in 1982.  The home is nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, incredible pastoral views to the south and majestic mountain views to the north.  An expansive covered outdoor barbeque area is perfect for entertaining and is located adjacent to the inviting pool and nearby pool house and tennis court.  There are multiple structures on the property including three separate guest homes, a 5,500 sq.ft. movie theater with stage, several barns, animal shelter facilities, corrals and a maintenance shop. 

Call Harry Kolb at 805-452-2500 for further information.

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2000 to 2014 – Real Estate Market Update for Santa Barbara and Montecito

AN IMPROVING ESTATE MARKET IN MONTECITO & SANTA BARBARA, CALIFORNIA

Estate Market Over $4M Summary 2000-2014.pub

Click here to download the latest Little Woods Newsletter by Harry Kolb.

The number of estate homes sold in the Santa Barbara area, those sold for over $4 million, was up nicely last year – increasing 33% over the number sold in 2013. Comparing the eventual sales price to the last asking price was also up to an average of 93% and up to an average of 82% of the first asking price – each an indication of an improving market. But the average number of days on the market was longer, probably due to the fact that inventory of available homes has been reduced and that lead to a number of homes selling that had been on the market for a considerable time as buyers were suffering from a lack of homes to choose from.

SB Area Sales Between $5 - $10m 2000-2014.pub

Although the number of homes sold for over $4 million last year was up so considerably from the previous year, the actual sales experience for most of the estate homes on the market has been less than encouraging because a large percentage of these homes sold were sold below $5 million. As is usually the case, our improving market begins in the lower price ranges as it did a few years ago in the below $1 million price range. That improving market has now migrated up to include the $4 million market, but hasn’t been felt yet in the mid or upper ranges of the estate market. This becomes evident in the chart showing that homes sold for between $5 – $10 million was up from last year but still below the number sold in 2012, and those sold for between $10 – $20 million were down from each of the two previous years. It became even worse in the graph of homes sold for over $20 million because last year the most expensive home sold in our area was sold at $20 million, where both buyer and seller were represented by Sotheby’s, and no local homes sold for more.

SB Area Sales Between $10 - $20 Million 2000-2014.pub

The 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 our area last year was $990,000 and the median time on the market was 95 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 18%, as it appears in our local MLS 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 being 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 76 homes sold for over $4 million in our area last year, four sold for more than they did within the past five years, one sold for less, and five 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.

SB Area Sales Over $20m 2000-2014.pub

Where the market for the average American home is closely associated with long-term interest rates, our local market for estate homes is much more associated with consumer confidence. To show this obvious relationship, I’ve included a graph plotting consumer confidence for each of the past 15 years next to the sale of local estate properties for that same year showing this very direct relationship. It’s comforting to see that the CCI now is higher than it’s been for the past six years.

Estate Market Over $4M With Consumer Confidence 2000-2014.pub

Based on the generally improving estate sales over the past five years, the improving relation of final sales prices to the last asking price and what is a dramatically improved 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.

 

Villa de Solana is featured in Forbes Magazine and Wall Street Journal

Villa de Solana, Santa Barbara, California

Villa de Solana, Santa Barbara, California

 

Luxury Home Rehab: Inside the $49 Million Peabody Estate, Villa Solana – Forbes.com

WSJ.com – House of the Day: Restored Neoclassical Mansion – Wall Street Journal

 

 

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.

NEW LISTING! EUCALYPTUS HILL ENTERTAINER’S DELIGHT

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Click Here To View Eucalyptus Hill Information Sheet

This spacious single-story Spanish Contemporary home has an open floor plan with soaring ceilings, plenty of natural light, and an approximately 60′ long grand entry galleria with views to the wonderful outdoor entertainment patio with a solar heated pool, hot tub and cascading waterfall, all surrounded by lush tropical gardens. The 3-bedroom, 4.5 -bath home is approximately 3,506 square feet and features a formal living room, formal dining room, family room and kitchen with a breakfast area, a large office or possible 4th-bedroom, and a 3-car garage.  Located in the Eucalyptus Hill area known for its convenient location, the property is close to Hale Park, a beautiful 13-acre natural forested dog walking park, which sits at the border of Santa Barbara and Montecito.  Offered at $2,595,000.

Call Harry Kolb at 805.452.2500 for details or showings.

First 6-Months Real Estate Market Updates for Santa Barbara and Montecito

Montecito and Santa Barbara Estates Sold from
$4 Million to $8 Million in the First 6-Months of 2013

Estate Market Summary 3 Graphs 2nd Qtr 2013.pub

Montecito and Santa Barbara Estates Sold from
$8 Million to $15 Million in the First 6-Months of 2013

Estate Market Summary 3 Graphs 2nd Qtr 2013.pub

Montecito and Santa Barbara Estates Sold from
$15 Million and Up in the First 6-Months of 2013

Estate Market Summary 3 Graphs 2nd Qtr 2013.pub

Montecito and Santa Barbara Estates Market 2013
Average Sales Price to Last Asking Price on All Homes Sold Over $4 Million

Estate Market Summary 3 Graphs 2nd Qtr 2013.pub

Why List with Harry Kolb and Sotheby’s International Realty

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When you give my office the responsibility to market your home, my staff and I literally take it to the world. Sotheby’s International Realty has 660 offices in over 49 countries. We are firmly committed to the belief that the greater exposure we provide your property ensures that we locate the best buyer which translates into the highest possible sales price. We begin by preparing a written tour of your home and all its features and combine that with professional photography to create a color photo brochure and professional web site.

 

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Our Print Media Campaign Extends to Local, National and International Buyers

With over 30 years experience in promoting our community’s most significant homes, we’ve developed strong working relationships with some of the world’s most powerful media organizations providing your property with exposure to a more affluent clientele. These publications include The Montecito Journal, Santa Barbara Magazine, Sotheby’s Reside Magazine, Architectural Digest, Country Life, Financial Times, International Herald Tribune, Private Air, Robb Report, Wall Street Journal, BBC, The New York Times and Rosewood Hotels & Resorts Magazine, plus many others.

 

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Internet Advertising Attracts a World-Wide Audience

The internet offers an effective way to expose all the special features and photos of your home to the widest and most well qualified audience. In the past decade, online real estate searches have increased dramatically, rising to nearly 89% of all home buyers. One survey by the National Association of Realtors demonstrated that the internet is delivering over ten times the value of traditional print advertising. Our web presence insures that your home is seen by several hundred viewers each week. HarryKolb.com receives an average of 250,000 hits and 5,000 unique visitors per month. SothebysHomes.com and SothebysRealty.com average over 600,000 visitors each month and are the most renowned and comprehensive web sites for buyers and sellers of the world’s finest properties. An additional 60,000,000 annual property viewings are provided by our having all Sotheby’s listings exposed through our exclusive partnerships with the most respected media web sites including Architectural Digest, The Wall Street Journal, The Daily Telegraph, The New York Times, and many others where visitors are invited to view the material on your home in any one of 15 foreign languages and 50 different currencies.

The Quiet Approach

What about a client who wants less promotion rather than more? The quiet approach can also be accommodated and, with our world-wide list of well qualified buyers, we can often be very successful representing sellers who would prefer as little public exposure as possible but still reach interested buyers wherever they may be. All of our marketing resources can be selected on a custom basis to suite you and your particular property.

Be Represented by the Best

Your choice of a real estate agent may have a dramatic effect on the results of your efforts. When you’re selling property, your listing agent’s most important responsibility is to market your property to other real estate agents. Many sellers may not realize that this is perhaps more important than any other feature. Another agent will probably be representing the buyer of your home, so the real estate community’s opinion of your listing agent, his professionalism, ethical standards and his marketing ability to thoroughly represent your property, may dramatically affect how your property is received in the market place.

When we discuss the possible selling of your home, I’ll meet with you and answer any of your questions regarding current market values and discuss recent sales in your area. There is no one particular way to market real estate, but rather marketing features which I can combine to suit your needs. I’ll make sure I understand your objectives and then suggest a marketing program that best suits you and your property. Because I specialize in selling homes like yours, you’ll be sure of receiving the most up to date advice regarding your property’s value and you’ll have confidence in knowing your home’s most valuable features in today’s market.

It will be my pleasure to discuss how the unique combination of Sotheby’s International Realty and I can provide the marketing advantage your home deserves. Sotheby’s has a proven track record in representing the most discerning buyers and sellers for over 200 years and I’ve had the privilege of selling over $500 million in residential real estate over the last 30 years and bring a wealth of experience and strong negotiating skills to every transaction. Let us demonstrate why we are the best choice to represent your home. It costs no more to be represented by the best.