Built in the 1930s, high above the Santa Barbara coast, the mansion known as Bellosguardo was the summer home of reclusive heiress Huguette Clark, who instructed her staff to never change a thing – and they didn’t. CBS Sunday Morning pays a visit to a fabled home constructed from a Gilded Age fortune (made famous from the bestseller “Empty Mansions“), which will be opening its doors to public tours in the near future.
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As we head into 2023 the housing market finds itself at a turning point, hindered by a dramatic spike in mortgage rates that chilled the market. A storm was brewing as sellers came to terms with the fact that volatile mortgage rates were rising and pushing some buyers to the sidelines dampening demand for their homes. Yet supply is still tight and home prices went up faster throughout the year than many American incomes. The cooling housing market also leveled the playing field for all types of brokerages as change became the new normal.
You might need to turn up the volume here. After[...]
ESTANCIA IN SANTA BARBARA As you drive up Upper State Street and glance north to the Santa Ynez mountains you might have noticed a new development of elegant single family residences and townhomes. Although the project by Franciscan Development is still under construction, it's easy to see that something significant is emerging. Estancia Santa Barbara is located at 3714 State Street. Estancia offers 72 residences. Sizes range from 1459 to 2063 square feet. Currently 3 homes are listed for sale on the Santa Barbara MLS, and prices range from $965,000 to $1,315,000. Tree lined streets encircle the residences, and common areas create a sense of community and engagement within this unique enclave of Spanish Colonial Revival styled homes. Sleek interiors, airy floor plans, expansive windows, and french doors that open to the outdoors are all part of the forward thinking contemporary design. Surrounded by spectacular views of the Santa Ynez mountains the community green offers a central open air space with a footbridge that stretches across a gently curving stone creek bed. Numerous fountains can be found along with a tiled shaded veranda designed for outdoor gatherings and relaxation.
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