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Les Chenes by Lutah Riggs

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Les Chenes by Lutah Riggs

Lutah Maria Riggs

Les Chenes

Lutah Maria Riggs (1896-1984) was Santa Barbara’s first licensed female architect and the first woman in California to be named a Fellow of the American Institute of Architects. Riggs’ career had great breadth and spanned both notable residential and commercial works. Her legacy is seen throughout Montecito and Santa Barbara in places like the Lobero Theater, Vedanta Temple, and the Botanic Garden. Riggs continued to practice architecture until the age of 84 before eventually retiring in her beloved hometown of Montecito.  

 
Lutah Riggs
 

Riskin Partners proudly represents one of Riggs’ most beautiful residential creations: Les Chenes

Les Chenes, French for The Oaks, was named for its incredible setting among a grove of ancient California live oaks. Though the property has been renovated to accommodate a modern lifestyle, Riggs’ timeless vision continues to define this landmark estate.  

Below please enjoy a photo journey of Les Chenes, from Riggs original work to its modern day glory.

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   If These Walls Could Talk  Stories From Solana 
 






















         

 
   If the walls of this century old estate could talk, they would have an impressive story to tell.  From its time as a great American Think Tank, t

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If These Walls Could Talk

Stories From Solana


If the walls of this century old estate could talk, they would have an impressive story to tell.  From its time as a great American Think Tank, the journey through a meticulous 21st century renovation, to the care and thought in raising a six-tiered rose garden with over 500 roses, Solana has many remarkable stories to share.  A property like Solana exudes a timeless appeal and offers the new owner the opportunity to be the steward of an important piece of American history.  Click below to watch three short films about Solana.


 
 

The Center of the Study of Democratic Institutions

with Professor Keith Melville


 
 

Solana’s Architecture

with Restoration Architect, Don Nulty


 
 

Solana’s rose gardens 

with Master Rosarian, Dan Bifano


For a deeper look into the beauty of solana view our slideshow

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Santa Barbara: Sunset Magazine's #1 Beach Town

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Santa Barbara: Sunset Magazine's #1 Beach Town

13 Western states, British Columbia, and Alberta duked it out for Sunset magazine's first annual Travel Awards, which "recognize achievement in lodging, dining, cultural tourism, outdoor adventure, environmental stewardship, and other categories." The magazine solicited nomination entries for a variety of categories, and from there an array of teams, judges and advisory boards deliberated the winners. Judges included tourism directors, authors of travel books and resort CEOs, so opinions were legitimately sourced.

And the winner for Best Beach Town? Drum roll, please... SANTA BARBARA! It is a great distinction to be recognized in a magazine that specifically showcases the ultimate Western lifestyle. From world renown surf spots such as Rincon, vibrant night life on State Street and unique scenery, to a rich Spanish history and culture, and wine-tasting in Santa Ynez, it seems we hit all the checkboxes for an ideal coastal lifestyle. It's no wonder everyone here is happy as a clam! What more could you ask for?

If you're looking for some ideas regarding fun things to do in Santa Barbara, check out our Local's Guide blog by clicking here. We also have a list of local favorites where you may find Riskin Partner's best picks in food, wine, home needs, golf courses and more. Don't forget that FIESTA! begins next week so be sure to participate in the weekend activities to celebrate our awesome community!

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A Local's Guide to Santa Barbara

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A Local's Guide to Santa Barbara

Clear skies and idyllic weather are common here in Santa Barbara and Montecito and now that summer has officially arrived, the locals are increasingly out and about. Fortunately for those who are lucky enough to visit, or even call this place home, there is an impressive array of opportunities to adventure, relax, dine, or anything else your soul desires. If you're yearning to discover unique and high quality places, click here to view a great article by goop.com, which details a variety of wonderful destinations. All of us here at Riskin Partners also have our favorite picks, so check out the list below for a small sampling of all that Santa Barbara has to offer. If you're feeling especially enticed, maybe moving here or buying a second home is in your future! For the full list of our Local Favorites, from real estate needs to lifestyle suggestions, visit the Riskin Partners website here.

Accommodations - The Four Seasons Biltmore, Montecito

For a peaceful and relaxing stay, this 5-star luxury hotel is located adjacent to the beautiful Butterfly Beach. In classic California style, they "invite guests to indulge in everything from tours of local wineries to surfing, lazing on the beach or lounging poolside at the exclusive Coral Casino Beach and Cabana Club." Relax and be treated at the Santa Barbara Spa, dine at the ocean-view Bella Vista restaurant, or even book a surf session with surfing legend Tom Curren. Find Sara Thandi here on any holiday with her family, this is her favorite place to grab some brunch!

Adventure - Inspiration Point Hike, Santa Barbara

A great workout with some serious views - Inspiration Point is a classic Santa Barbara hike that will having you feeling motivated once you reach the top. Winding through the stunning Santa Ynez mountains, this 3.5-mile round trip hike is best enxperienced at sunrise or sunset. If you enjoy this one, Rebecca, an avid hiker, also suggests trying the San Ysidro trail.

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Site-seeing & Architecture - Rose Garden at the Old Mission, Santa Barbara

With such a rich history, there are a wealth of landmarks and stunning Spanish Revival style architecture throughout the city which should not be missed. Among the Santa Barbara Courthouse (known by many as the most beautiful public building in the country) and its gorgeous sunken gardens, Meridian Studios, and other iconic buildings, the Old Santa Barbara Mission will always remain a classic. Take Robert's advice: grab a blanket, some wine and outdoor games, and have a picnic next to the Mission's blooming rose garden. A retreat like this is best enjoyed if you bring some friends along!

Mid-day Dining -The Santa Barbara Public Market, Santa Barbara

For just over a year now, the Public Market has been host to an array of purveyors - priding itself in "handcrafted, regionally sourced and sustainably made food and wine." Whether you're looking for Crazy Good Bread, a quality cup of joe, delicious seafood, fresh-made pasta, or a glass of wine, the Public Market has it all. If you're feeling like working on your culinary artistry or need to host an event, their Kitchen serves as a commissary and event space. According to Marie, the Market is a great place to meet with friends because there is something for everyone, but her top pick is the potato gnocchi at the Pasta Shoppe. Pair with a flight of wine at the tasting bar for a delicious Italian meal...you definitely will not be disappointed.

Live Music - The Santa Barbara Bowl, Santa Barbara

Set on a hillside overlooking Santa Barbara, the Bowl is a historic amphitheater circa 1936 with striking views - a true landmark of the area. It has been host to some of the biggest names in the music industry including Bob Marley, Santana, Radiohead, Jack Johnson, Steely Dan, and Sting, just to name a few. The intimate venue also hosts a variety of up and coming artists, so all types of music fans can rock out. Upcoming shows include Aerosmith on July 7thAretha Franklin on August 6th, the Santa Barbara Mariachi Festival on August 8th and the Alabama Shakes on August 18th. Live music has always been a big part of Jasmine's life, her husband is even in a band called Surprise Me (vote for them here to help them have an opportunity to play at Summerfest in Wisconsin!). Of all the music venues she has been to, she claims that the Bowl is by far the most beautiful.

Dinner - The Lark, Santa Barbara

We L.O.V.E. the Lark! This family-style restaurant serves "locally sourced and responsibly grown" meals, which are incredibly fresh and delectable. Try the roasted beets and burrata, the marinated grill & hangar steak, the herb roasted diver scallops, or even their famous brussel sprouts - everything on their seasonal menu is simply divine. Sarah Kelly advises that if you're looking to grab a cocktail on a weekend night, this is the place to be. The bone marrow crusted beef cheeks and Mary's roasted chicken are her favorite picks on this menu.

Wine Tasting - The Funk Zone, Santa Barbara

The Funk Zone is a hip, arts, business, and industrial district close to State Street and the Santa Barbara harbor. Here you may find over 10 wine tasting rooms and a variety of studios, galleries, surf shops, and restaurants (including The Lark)! All within walking distance to each other, the Funk Zone makes for a lovely night on the town. Make sure to check out Pali Wine CoCorks N Crowns, and Dina's favorite, Les Marchands Wine Bar and Marchant, where she recently celebrated her engagement! Fun Fact: the owner, Brian McClintic was featured in the popular wine documentary called SOMM, "which chronicled his journey to the elusive Master Sommelier title."

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See What Montecito Agents Are Calling "The Best House on the Market"

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See What Montecito Agents Are Calling "The Best House on the Market"

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It's true. Montecito is riddled with some of the most enviable homes in the country, and arguably, the world. And really, it's no surprise. With the most idyllic climate since the south of France and views of a comparable, coastal landscape, Montecito is easy to fall in love with, make a home, and stay forever. And that is just what the owner's of 1125 Garden Lane did some 20 years ago. A couple from Maine who were pulled away to cultivate careers in the film industry, they vowed to create a home that felt like Maine, with the same sense of "permanence and provenance." And so was built an exceptional Dutch-Revival residence nestled on over 3 captivating acres. Really, the grounds are unlike any other. Read on to experience what many agents are calling "the best house on the market."

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 Occupying one of Montecito’s most sought-after and private locations, an exquisite New England estate perfectly balances character and antiquity with the modern tastes of today’s discerning buyers.

A captivating lane in Montecito’s famed Riven Rock, Garden Lane hosts a timeless residence built by its current owner to feel steeped in East Coast elegance. Beyond private entry gates, a meandering tree-lined drive introduces 3.38 wooded acres, where resident oaks and deciduous specimen trees appear untouched by time.

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1125GardenLane_09

The owner envisioned a home with “a sense of history, permanence and provenance,” which is exquisitely achieved not only by the blossoming vines that scale the exterior, but also by the thoughtfully curated design details found throughout the home. The home’s design aesthetic has been keenly celebrated in numerous design publications including Traditional Home, Elle Décor and Beautiful Homes Magazines. Stepping onto the inviting front porch, the attention to detail and superb quality construction is immediately evident. The striking foyer’s towering ceiling, archways and dignified staircase showcase the masterful eyes of architect Jock Sewall and builder Paul Franz. 

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1125GardenLane_12

Abundant natural light filters through an expansive picture window in the formal living room. Wide oak floorboards in a rich stain offer a luxurious contrast to crisp paneled walls, a tasteful fireplace and French doors leading to sunny terraces and glorious rose gardens on both sides of the room. An adjacent den of handsome design, offering built-ins and large window seat, is perfectly situated for an office or game room. 

The formal dining room is poised to host family and friends. Built-in china cabinets, a sundrenched window seat and exquisite chandelier create an atmosphere fitting for intimate dinner parties and jovial gatherings alike. Many of the light fixtures throughout the home are antique, having been hand selected by the owner in an effort to further the desired sense of history.

An expansive great room encompasses the charming kitchen and delightful family room where French doors and large windows open to the pool. Custom designed by the owner, an avid chef, the kitchen boasts the finest culinary appliances. An informal dining area comfortably seats ten, perfect for sunny Sunday morning brunch or casual afternoon snacks in the family great room.

The classic New England tenor continues throughout the great room with beadboard, crown molding and an inviting stone fireplace, creating a sophisticated yet comfortable ambience. A sunny deck with large stone fireplace beckons leisurely afternoons and crisp evenings beneath ancient oaks.

A quaint office/guest suite boasting a private bath, enjoys French doors opening to the pool garden. A powder room, oversized multipurpose room and laundry area ideal for arranging blossoms from the cutting garden, and access to the garage complete the home’s main level.

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The elegant staircase draws one to a lovely sitting area with built-in bookcases. Beautiful arched windows overlook the blossoming rose garden while a towering pitched ceiling creates a room both spacious and open, at the same time cozy and welcoming.

A pair of antique pillars frames the doorway to the master bedroom, introducing the vintage elegance that defines the suite. Century-old oak graces the floor, complementing the aged patina of the plaster walls. Large windows overlook verdant treetops, welcoming the romantic aroma of rose and herb gardens, and brilliant sunlight. Two walk-in closets precede the master bath, a serene escape boasting an oversized shower, elegant soaking tub and sizeable vanity with dual sinks and custom tile work. Windows open to the oak canopy, allowing sweet breezes to further the sense of calm in the master suite.

Two lovely bedroom suites on the opposite wing of the home’s upper level overlook the stunning pool garden. Both suites are bright and open with pitched ceilings and abundant sunlight, and offer the privacy of dedicated baths. In addition to the ample motor court, the spacious garage can house two vehicles and offers a sizeable workshop, custom built humidor and additional storage space ideal for a wine cellar.

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Outside, the grounds are a private oasis. Towering specimen trees surround the estate, allowing sun to filter to the private pool terrace, lush lawn and porch with outdoor fireplace. A charming pool cabana offers a powder room and lounge area with wet bar, ideal for escaping the afternoon sun. An impressive rose and herb garden offers bountiful blossoms for arrangements and cooking with the freshest ingredients.

Stone-lined pathways meander through the estate’s gently rolling acres, along Hot Springs and Cold Springs creeks, both seasonal, toward hidden sitting areas. A shady woodland of deciduous specimen trees, native oaks, apple and persimmon trees create a lively landscape ripe for exploration. Beyond the private gates of Riven Rock, the scenic Hot Springs hiking trail lies just a half-mile away, at the junction of Riven Rock Road and East Mountain Drive. The serene hiking trail winds past grand estates toward tranquil waterfalls and endless vista points. This exceptional lifestyle amenity can be enjoyed year-round in Montecito’s enviable climate.

The enclave affords unparalleled privacy and is defined by a calm and serenity awarded to few locations so near to town. Just minutes from Montecito’s fine dining, upscale shops, world-renowned resorts and pristine beaches, the quiet lanes of Riven Rock are perfectly situated for a rich lifestyle.

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1125 Garden Lane is offered at $6,795,000To experience the magic of this exquisite home, contact the listing agents at Riskin Partners to schedule a showing. 

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Press Release: Riskin Partners Closes Over $146 Million in Luxury Real Estate in Q1 2015

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Press Release: Riskin Partners Closes Over $146 Million in Luxury Real Estate in Q1 2015

Santa Barbara’s leading residential real estate team, Riskin Partners, a luxury division of  Village Properties Realtors, the area’s exclusive Christies International Real Estate affiliate,  has broken an all-time record, closing over $146 million in sales in the first quarter of 2015.  Partners Rebecca Riskin, Dina Landi and Sarah Kelly, earned the #1 position in the Santa  Barbara Multiple Listing Service (MLS) for dollar volume sales in 2014, and have closed in  excess of $284 million over the last twelve months. Riskin Partners has claimed the #1  position for dollar volume sales in Montecito 9 out of the last 10 years, and was recognized  by the Wall Street Journal in 2012 as the #11 team in the country.

Riskin Partners’ sales volume is a staggering 206% greater than the #2 agent in the Santa Barbara MLS. Among the team’s 2015 sales was an exceptional Padaro Lane beach house, which closed for $19 million, the year’s highest sale to date. Riskin Partners represented the sellers in every sale over $10 million this year. Three of those properties received multiple offers.

Riskin Partners represented the sellers of this exceptional Padaro Lane beach house, the year's highest sale to date.
Riskin Partners represented the sellers of this exceptional Padaro Lane beach house, the year's highest sale to date.

“In this year’s first quarter, Santa Barbara and Montecito have seen a substantial increase in real estate activity across the board,” said Dina Landi. “In fact, sales are up 26% year to date.”

What is the team’s strategy for the remainder of 2015?

According to Sarah Kelly, “In order to continue to provide impeccable service and unrivaled representation for our clients, we’ve expanded our team to include seven full-time professionals.”

Rebecca Riskin adds, “Meeting our client’s needs is our first priority. We are proud of our success, but ultimately only feel successful when our clients are happy.”

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Santa Barbara Hosts Second Most Expensive Home for Sale in the United States

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Santa Barbara Hosts Second Most Expensive Home for Sale in the United States

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An article by SuperCompressor.com has listed the most expensive homes available in each of the 50 states, per Zillow reports. Among an abundance of jaw-dropping properties, Santa Barbara hosts the second most expensive on the list, representing the entire state of California (it ranks just behind an estate on Hillsboro beach in Florida listed for $139,000,000)!

The $125,000,000 hilltop manor shown above was built in 1930 by renowned architect Reginald Johnson and is located in none other than Montecito; in fact, it's only a short drive from our office! This property is evidence of the rich history, beautiful panoramas, and luxurious lifestyle available in the area. Riskin Associates has a variety of similarly impressive and exceptional properties in the area also including a historic Reginald Johnson home.

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The historic property described above is also one of Hope Ranch's original estates - to experience the enchanting charm of 1520 Roble Drive, simply click on the video above.

1664 East Valley Road, currently listed by Riskin Associates
1664 East Valley Road, currently listed by Riskin Associates

Just down the road from the chart-topping manor is 1664 East Valley Road - a romantic Mediterranean villa where impressive architectural details complement contemporary amenities. On approximately 2 acres, this home boasts 7 bedrooms and 12 baths, with an additional bedroom and 2 baths in the pool house. List price is $13,795,000.

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1530 Roble Driveis another 1930 compound on 8 acres. It features a comparable architectural style, charming interiors, romantic gardens, and lush lawns. With an 8 bedroom/10 bath main house, an additional cottage with 2 bedrooms/1 bath, and another guest house with a bedroom and 2 baths, this elegant listing is available for $15,500,000.

Check out the Riskin Associates website for even more incredible listings available in the Santa Barbara area

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Class is Now in Session: Montecito and Santa Barbara's Excellent Educational Institutions

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Class is Now in Session: Montecito and Santa Barbara's Excellent Educational Institutions

Class is now in session! Montecito and the neighboring school districts are now well into the 2014/2015 school year - which means local children are back to learning and growing at some of the state's highest ranked educational institutions. The respected and coveted Montecito Union School is regularly ranked an 10/10 school, with an enrollment hovering around 460 children across 26 classrooms, with an average class size of just 18. The staff at MUS strive to help build well educated, well attended to, and well rounded students. Offering numerous extra curricular activities including after school programs, Art at Lunch, a Garden program and the GATE program, the school is renowned for producing exceptional students. Cold Springs school, just a few miles from MUS, is the second public school in the area while our numerous private schools include Crane Country Day School, Laguna Blanca and Our Lady of Mount Carmel. Each educational institution in the area offers a unique strategy for its attendants, all in the beautiful, bucolic setting of Montecito.

Outside of Montecito, are the Santa Barbara Unified School District (home to 13 elementary, 4 junior high and 5 senior high schools), Hope Elementary School District in Santa Barbara's Hope Ranch enclave, and the Goleta Union School District.

One of Santa Barbara Unified School District's senior high schools, Dos Pueblos High, recently received a fantastic honor as one of the Top 25 Schools in the West, and the subsequent press. With a graduation rate of 99% (with 98% of graduated headed to college!!) the Home of the Chargers shares the common goal of helping students reach their highest potential on their path the higher education.

 

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New Listing! Exceptional Roland Coates Compound in Hope Ranch

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New Listing! Exceptional Roland Coates Compound in Hope Ranch

A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.
A property new on the Hope Ranch market, this exquisite estate encompasses 8 magnificent acres.

Riskin Associates is proud to announce a fantastic new listing, one of Hope Ranch's most historic and enchanting estates. Spanning across 8 lush acres, this circa 1930 residence was expertly designed by notable architect Roland Coates. Defined by classic East Coast elegance, the main residence's colonial achitecture is an idyllic complement to Santa Barbara's coastal culture.

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The main house boasts eight bedrooms while two auxiliary structures offer 5 additional bedroom suites creating a wonderful compound locale for extended holidays and daily living alike.

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1530RobleDr_LR2

The gracious yet casual interiors are rich with original details, paneled walls, built-in storage and oak floors. A handsome bar sits between the charming sunroom and the home's exquisite library. Cloaked in walnut paneling, the library offers an peaceful space for quiet leisure.

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1530RobleDr_SunRoom

Tasteful updates throughout meld perfectly with original character, creating a transcendent property with both historic and modern appeal. A lavish butler's pantry connects the gracious dining room to the eat-in chef's kitchen. Each culinary space has been beautifully appointed with top of the line appliances, marble finishes and ample storage, ideal in an estate designed for entraining.

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1530RobleDr_Patio

Outside, the grounds are a fantastic mingling of artfully manicured gardens and casual oak forests. Stone lined paths wander the grounds past a tranquil koi pond toward the lighted tennis court.

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1530RobleDr_RosesExt

Enchanting and romantic with both historical charm and modern luxuries, this Hope Ranch estate reflects old world elegance in an idyllic Santa Barbara location.

1530 Roble Drive, Santa Barbara

Offered at $15,500,000

Click here for more information.

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Montecito's Water Rationing Success

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Montecito's Water Rationing Success

The California drought has been gaining attention for quite some time now, and cities across the Golden State have been working to save water and eliminate waste. Santa Barbara and Montecito have been taking drastic measures to ration and conserve water, gaining national attention for the cities' success. The Santa Barbara News-Press' Sara Bush recently reported on the success of the Montecito Water District's water rationing ordinance. Below is a synopsis of Bush's article.

The Montecito Water District (MWD) enacted an ordinance earlier this year to force customers to cut back on water use by 30% or face fines. After receiving information about the severity of the drought and a few tips on how to save water, educated customers went above and beyond the call, with 80% bringing their water usage to or below their allocations in May, and 84% (!) below the allocation in April. Many believe Montecitians will simply write a check to pay a fine, in order to keep their rolling lawns lush, but experts were astounded by the efforts residents were putting in.

The MWD's Thomas Mosby has been contacted by major national news outlets such as CBS and NBC to discuss the strategy which has garnered so much success in such a small timeframe. Mr. Mosby advises people to read their water meters every two or three days, and avoid leaving properties (and irrigation systems!) unattended for long periods of time.

For more information on the water emergency in Montecito, and how you can help conserve water and lower your water bill, check out the MWD website.

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Montecito's Largest Real Estate Sale of the Year

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Montecito's Largest Real Estate Sale of the Year

 Santa Barbara’s top real estate team, Riskin Associates of Village Properties Realtors, exclusively affiliated with Christie’s International Real Estate, was the listing agent for the highest priced residential sale of 2014 thus far. Commanding a list price of $28,000,000 the approx. 3-acre Fernald Point property included 300+/- feet of sandy beach frontage and coastal views spanning from Carpinteria to the Santa Barbara Harbor. The property closed escrow in late April, marking the beginning of a market pick up in the high end. Luxury real estate markets in major metropolitan areas such as Los Angeles, New York and London have been booming for a few years now. “During that time the high end market in Santa Barbara and Montecito was relatively slow. Recently, we've seen a nice pick up in sales over $7M” says Riskin Associates Partner Dina Landi, “But we still have a lot of inventory.”

The staggering sale on Fernald Point contributes to Riskin Associates’ impressive sales total, so far this year the team has closed over $70 million dollars in luxury real estate transactions. On top of their closed 2014 transactions, the team has a number of additional high-end properties currently in escrow, ranging from $7,950,000 to $14,900,000. This recent shift in the market has the team at their busiest since 2012, when they totaled over $225 million in sales for the year.

Their unique team approach allows Riskin Associates partner’s Rebecca Riskin, Sarah Kelly and Dina Landi to always be available. “During a hot market, working as a team allows us to maintain an unparalleled level of service, with attention to every detail and anticipation of every client’s need" says Rebecca. Clients appreciate the team’s intimate involvement with every aspect of a transaction.

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Los Olivitos  - Quintessential Santa Barbara

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Los Olivitos - Quintessential Santa Barbara

An estate unlike any other, Los Olivitos captures the soul and romance long equated with Santa Barbara – The American Riviera. A short distance from the Orient Express’ luxurious El Encanto resort, a rare parcel hosts the captivating Riviera residence. Uniquely oriented, approximately 2.74 flat and usable acres take in ocean and harbor views to the south while the magnificent Santa Ynez Mountains tower to the north.

At the end of a quiet cul-de-sac, entry gates open to a whimsical motor court lined with mature olive trees and stone-lined wildflower beds. The Andalusian style residence pays homage to the area’s Spanish and Mediterranean heritage characterized by staggered Mission red roof tiles, ironwork and exposed balconies.

At the home’s center, the fantastic eat-in kitchen offers an ideal gathering place for family and friends. While fabulously spacious, the kitchen has been lovingly designed to create a warm and inviting atmosphere. Created to emulate those found in the Santa Barbara Courthouse, custom painted tiles adorn the walls affording unique charm, luxuriously complemented by a tray ceiling and expansive marble island. A butler’s pantry, top of the line appliances and farmhouse sink create a chef’s kitchen. A mudroom, screened porch, office, powder room and spacious laundry facilities complete this wing of the home. Outside, a wrap around terrace provides an ocean-view dining area for enjoying Santa Barbara’s idyllic year round climate.

Accessed via the kitchen terrace, a large bedroom suite offers private guest quarters. Boasting a lounge, patio, spacious ensuite bath and generous storage the charming and private space provides an ideal guest retreat.

An incredible amenity befitting of such an inspiring property, the artist’s studio beckons the creative mind to take in both mountain and ocean views with a spacious veranda overlooking the Santa Barbara harbor. Cloaked in stained Pine, the studio’s pitched ceiling and abundant windows create a bright and airy ambiance. Off the motor court is a large three-car garage and exceptional additional multiuse space. Teak floors adorn the incredible expanse, ideal for a gym, games room or workshop.

To explore the estate’s magical grounds is to discover an enchanting facet of its most special character. Escape to the Mediterranean pool garden where a swimmers pool with grotto spa is the centerpiece to lush lawns, gardens and flagstone patios. The Pacific Ocean sparkles to the south while towering tropical foliage boarders the pool garden for a secluded feel. A spacious, fully tiled pool bath with shower is conveniently located near the main house.

A labyrinth of stone-lined pathways wind beneath mature oak and olive trees passed lush lawns and wildflower beds mingling alongside blooming rose, herb and succulent gardens. Uncover intimate patios resting beneath oak canopies enticing afternoon picnics, a tree house for the ultimate game of “hide and seek” and a bocce ball court lined by a galleria of olive trees. Entwined around an ocean view pergola, vine foliage rustles in a sweet summer breeze providing a stunning yet casual outdoor setting.

For those who appreciate a property rich in history, character and mystique, Los Olivitos combines authentic architecture and enchanting landscape with incomparable views to create the quintessential Santa Barbara estate.

Los Olivitos - Quintessential Santa Barbara

Offered at $7,350,000

Presented by Riskin Associates

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Montecito, California: Niche Market Report

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Montecito, California: Niche Market Report

In recent weeks, the housing market has been at the forefront of the headlines, with major metropolitan markets booming. From London to New York to L.A. the big city areas are experiencing a fantastic upswing in transactions and foreign influences. Niche markets, such as Montecito and Santa Barbara are also experiencing a surge, however the specifics are decidedly unique.

One of the Montecito market's niche characteristics is that many homeowners own multiple residences and spend a portion of their time living or vacationing in their Montecito homes. Many buyers come from within the U.S., many East Coast and Mid-Westerners. Internationally, the U.K. has a firm presence and we do not experience the high influx of Asian, Russian or Canadian buyers that the larger markets are seeing.

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In Montecito, over 60% of homes are priced above $1M with the luxury price range starting around $7M. The under $2M price range is robust, many desireable properties receive multiple offers. The mid-range, $3M-7M is also steady with low inventory and a relatively high demand. The luxury market is somewhat slower. Inventory is saturated but we are not seeing the demand. The high-end market is experiencing a shortage in demand, inventory is steady however we are lacking in buyers. Prices are still down from 2007 but have held steady over the last 12 months.

In niche markets, "luxury" or "high-end" properties are often defined differently, with certain amenities demanding a premium. Montecito's unique location, between the foothills of the Santa Ynez Mountains and the Pacific Ocean, provides idyllic coastal views - which high-end buyers covet. Most luxury buyers want an ocean-view, turn-key property with a close-in location. Being within the prestigious Montecito Union School Distict and Montecito's "Golden Quadrangle" is another desirable factor of location, near to The Upper Village shops and restaurants and the world renouned San Ysidro Ranch resort. Picacho Lane, Park Lane and Riven Rock Road are considered first class streets.

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How to Do Well In a Drought

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How to Do Well In a Drought

California is dry, and thirsty. Perhaps the driest and most thirsty the state has been in a century. With the state recently declaring the situation a "drought emergency," we wanted to educate our readers on the benefits of owning a home with a private well.

A luxurious Montecito estate
A luxurious Montecito estate

Firstly, and most appropriately, private wells are often excluded from municipal water bans. During times of drought or water conservation, a private well would allow homeowners to continue with their normal water usage and lifestyle, experiencing limited interruptions.

Secondly, and possibly more importantly, is the absence of a water bill. Drawing the water directly from the ground, rather than being tracked by a meter, allows homeowners to rid themselves of water bills every month or, if well water is used only for landscape or agriculture, would significantly reduce the amount paid each month for municipal water.

Below indulge in some real estate eye candy. These luxury properties all include private wells.

An expansive French Provincial estate in Montecito with ocean and mountain views.
An expansive French Provincial estate in Montecito with ocean and mountain views.

690 Picacho Lane, Montecito, Ca

Offered at $27,000,000

9 acres with orchards, vegetable gardens and lake

Private well

Riskin Associates, 805.565.8600 or associates@riskinproperties.com

Ocean view Mediterranean estate in montecito, ca
Ocean view Mediterranean estate in montecito, ca

588 Freehaven Drive, Montecito, Ca

Offered at $14,900,000

Approx. 20 ocean and mountain-view acres

Private well

Riskin Associates, 805.565.8600 or associates@riskinproperties.com

1140 East Mountain Drive, Montecito, Ca

Offered at 9,875,000

6 acres with manicured rose gardens, lush lawns and oak trees

Shared private irrigation well

Riskin Associates, 805.565.8600 or associates@riskinproperties.com

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Attention Sellers!

As Riskin Associates, ocean-view estate in Montecito
As Riskin Associates, ocean-view estate in Montecito

The world of residential real estate, especially at the luxury level, can often be a myriad of complex processes which can be difficult to navigate. Additionally, even the smallest of hiccups can cause a deal to fall through. For this reason, it is important to work with an experienced agent or team who has the knowledge to weather any procedural storm. Educating both buyers and sellers on each step of the escrow process - and what's involved - is key to a smooth transaction.

Today, Forbes brings to the table three issues which are regular culprits of a crumbled deal. Understanding why they cause problems and how to avoid them can make or break a seller's deal.

  • Financing. "Back in the day" almost anyone could obtain a loan, however much of that ideology has changed and it is more important than ever for seller's to require a letter of pre-approval from the buyer. But keep in mind, this letter doesn't guarantee that a buyer will get the loan to buy your house. So, as usual, cash is king!
  • Appraisals. Thanks to foreclosures and short sales skewing comps, home appraisals are coming in at significantly lower figures than in the past. How is this a threat to your deal you ask? The answer circles back to our friends the financiers. Lenders will not loan more than a house has been appraised for, meaning that if your house is appraised for lower than the asking or accepted offer price, a buyer requiring financing will not be able to obtain a loan for the required amount - thus taking their offer off the table or requiring the seller to accept a lower offer.
  • Timing. Delaying buyers access to their new home is an overwhelming cause for deal abandonment. Banking, repairs, or lengthy close of escrow can all deter a buyer from moving forward with a deal. It is important to foresee any possible delays before entering escrow to ensure the best probability of closing the deal.

Whether you are a first time seller, or experienced in the process, understand that each deal is unique and presents its own set of potential issues. Taking great care in financial, home and personal preparations, as well as working with an experienced agent, will ensure that the sale of your home is as headache-free as it can possibly be.

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Property of the Week: Legendary Ocean-View Estate in Hope Ranch

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Property of the Week: Legendary Ocean-View Estate in Hope Ranch

Rarely does a property of such prestigious architectural caliber combined with a location offering truly impressive acreage come onto the market. Unlike any other, this unique Hope Ranch estate offers a lifestyle few can attain. Breathtaking ocean views are the backdrop to approximately nine park-like acres, so whimsical and enchanting they could have been painted upon canvas and displayed on gallery walls. A scene realized in 1929, by the great Reginald Davis Johnson, award-wining architect to Santa Barbara's Biltmore hotel, retains its character, mystery and allure today.

An ocean-view estate in Santa Barbara, California offered by Riskin Associates
An ocean-view estate in Santa Barbara, California offered by Riskin Associates

Impressive entry gates open to reveal a meandering oak lined drive spilling with shrubs, flowers and trees, leading to a welcoming motor courtyard. Across an expansive, rolling lawn, the Pacific Ocean glistens, while the fragrant aroma of blossoming rosebuds lingers in the air.

A deluxe Santa Barbara estate offered by Riskin Associates
A deluxe Santa Barbara estate offered by Riskin Associates

Introducing the home’s exquisite character, hand-painted details, original terra cotta floors, and a beamed ceiling adorn the foyer. An impressive galleria connects private and public spaces with elegance and grandeur, graced with a hand-painted barrel ceiling, ornate crown molding and French doors opening to the ocean-view terrace.

Original details adorn each room of this Hope Ranch estate offered by Riskin Associates.
Original details adorn each room of this Hope Ranch estate offered by Riskin Associates.

The generous formal living room is a powerful space, with a soaring pitched beamed ceiling, hand-painted details, an elegant fireplace, a large picture window framing garden views, and French doors revealing the ocean view. A handsome copper bar with a beverage refrigerator and temperature-controlled wine refrigerator complements the space, while French doors providing direct access to the pool courtyard are ideal for entertaining in this magnificent formal living room.

grand formal living room in this Hope Ranch estate.
grand formal living room in this Hope Ranch estate.

The formal dining room encourages the utmost in sophisticated entertaining with a warming fireplace, gallery walls and custom Wendel lighting, ideal for showcasing art. Doors provide privacy for gatherings, separating the space from the extensive and well-appointed butler’s pantry.

Formal dining room in Santa Barbara california
Formal dining room in Santa Barbara california

French doors open the formal dining room to a terrace and the pool. A second set of French doors open to the home’s centerpiece, a delightful and sun-filled courtyard, where a hand painted tile fountain and climbing foliage create the most relaxing and enjoyable atmosphere.

A sunfilled courtyard is the centerpiece to the Santa Barbara estate
A sunfilled courtyard is the centerpiece to the Santa Barbara estate

Outside, the swimmer’s pool is surrounded by vine-covered pergolas, a hedge-lined patio and ample terrace spaces while an ornate tile mural draws the eye towards the spa. Exploring the property’s stone pathways, citrus and avocado trees and rose-covered trellises lead to a mature, aromatic rose garden where the only disruption is a soft, sweet breeze and the charming chirp of native birds.

Pool pavillion in Reginald Johnson Santa Barbara estate.
Pool pavillion in Reginald Johnson Santa Barbara estate.
Fragrant  gardens surround the Santa Barbara estate.
Fragrant gardens surround the Santa Barbara estate.

Privately set away from the main hacienda, a lavish two-bedroom guest house enjoys views of the Pacific Ocean and the property’s immaculate grounds. Beautifully renovated throughout, the guest house features a gourmet kitchen with breakfast bar and top-of-the-line appliances, French doors opening to ocean vistas, a charming fireplace, two luxurious bedroom suites, a patio and ocean view terrace.

The guest house provides additional quarters while entertaining in this Santa Barbara estate.
The guest house provides additional quarters while entertaining in this Santa Barbara estate.

Above a detached three-car garage, a lovely apartment with ocean views is outfitted as a gym with a private massage room. With an eat-in kitchen, featuring a pitched beamed ceiling and Electrolux appliances, and a full bath, the space perfectly doubles as additional guest quarters.

A guest apartment features a gym, full kitchen and bedroom with full bath.
A guest apartment features a gym, full kitchen and bedroom with full bath.

One of Hope Ranch’s original homes, this expansive ocean-view estate is truly unique in both amenities and character.

An ocean view welcomes you to the comfortable terrace.
An ocean view welcomes you to the comfortable terrace.

These impressive features are just the beginning of this incredible Hope Ranch estate. To discover the other secrets Reginald Johnson hid throughout the estate, click here. Or contact Riskin Associates at 805.565.8600 or associates@riskinproperties.com

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Architect Spotlight: George Washington Smith

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Architect Spotlight: George Washington Smith

Arguably Montecito and Santa Barbara’s most celebrated architect, George Washington Smith’s unique take on Spanish Revival design has made Santa Barbara’s architecture world-famous.

George Washington Smith designed this impeccable Montecito estate in 1923
George Washington Smith designed this impeccable Montecito estate in 1923

Born in East Liberty Pennsylvania in February of 1876, Smith inherited his eye for design from his father, a civil engineer who designed bridges for local railroads. After attending several prestigious primary schools, Smith enrolled at the Harvard School of Architecture in 1894. However, due to financial hardships Smith withdrew his enrollment from Harvard and took a position as outside construction supervisor for the architectural firm of Newman, Woodman and Harris. A few years later, further financial difficulties forced him to leave the firm and begin selling stocks and bonds in Pennsylvania.

After marrying in 1912, Smith and his wife Mary Cathrine Greenough spent three years traveling Europe. During their tour, Smith devoted himself to studying at the Julian Academy of L’Ecole des Beaux Arts in Paris and painting the architecture and landscape of the country, taking particular interest in Spain’s rural farmhouses. Upon returning to the U.S., George and Mary settled in New York before moving to Santa Barbara in 1916.

After designing and building his first home, known as the Smith-Hebertson House on Montecito’s Middle Road, Smith found that many of his neighbors wanted to live in a house like it, and thus began his career as a full-time architect. Viewing himself as a gentleman architect, Smith enjoyed a heavy involvement in the design process by those who commissioned him to create their residences. Together with his clients, Smith traveled across the globe to gather accouterments unique to each individual project. By the mid-1920’s, the commissioning of a house in Santa Barbara or Montecito by Smith was considered the hallmark of success.

Credited as the “father of Spanish Colonial Revival” in the U.S., Smith gathered much of his inspiration from Spain’s rural Andalusia region, featuring subtle and romantic design. Whitewashed exteriors, spiraling staircases, archways, balconies and intricate iron and tile work are familiar motifs of the Spanish Colonial Revival period.

The landscape surrounding the site of a future home was taken into expert consideration prior to design and construction. Working with notable landscape architects including Lockwood de Forest, A.E. Hanson and Ralph T. Stevens, Smith not only created residences, but entire estates with the vision of a full life lived by those who would live there, experiencing the beauty of both the interior and exterior environments.

Today, there are over 80 George Washington Smith works in Santa Barbara, and many more across the country.  Smith’s 21st Montecito house known as Casa del Herrero, built in 1922, is now a museum listed on the National Register of Historical Places, and many of his designs, sketches and correspondence can be found in the University of Santa Barbara’s Art Museum. His works are featured in many prestigious architectural publications including The Architect, Architectural Forum, Achitectural Digest and House Beautiful.

Riskin Associates recently sold this romantic George Washington Smith estate in Montecito.
Riskin Associates recently sold this romantic George Washington Smith estate in Montecito.

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Government Shutdown Update: What the NAR Told the Senate Committee Today

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Government Shutdown Update: What the NAR Told the Senate Committee Today

Since the Government Shutdown ten days ago, the world has been closely listening to the bickering between officials and watching for the effects on nearly every major industry in the nation. With all the back and forth and conflicting reports, it's difficult to decipher what is fact and what is speculation. Riskin Associates has been following the major developments, and today the headlines hit particularly close to home. Today, NAR president Gary Thomas went before the Senate Committee on Banking, Housing and Urban Affairs to discuss the foreseeable negative effects a debt default would have on the housing recovery. Thomas calls on Congress to raise the debt limit to avoid the consequences of a severe and drawn-out recession.

To quote Mr. Thomas, a default would be "devastating to homeowners whose largest asset would lose value and equity." In regards to home buyers, Thomas says "Home buyers would see a dramatic increase in interest rates and tighter credit standards." According to Thomas, a 1% increase in mortgage rates could cut home sales by nearly half a million and push many middle-class Americans out of the housing market. In his speech, Thomas urged Congress to raise the debt limit to help sustain the housing market rebound, which will allow to economy to maintain it's steady path to recovery.

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Indian Government Bans Purchase of Foreign Property

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Indian Government Bans Purchase of Foreign Property

The business of buying and selling residential real estate is becoming an increasingly global industry. Many buyers of residential properties are using foreign money to purchase property both in the U.S. and around the world. However, the recent surge in property purchases by international buyers may lead to some unforeseen repercussions.  For example, the Indian government has taken an a series of interesting actions which could affect the global housing market. In recent years, Indian residents have invested heavily in foreign real estate, purchasing rental properties to secure income for their families and relatives or for their own use while visiting the country. Indians have had a such a heavy influence, that in recent years they were among the top five buyers by country of origin in the U.S. Purchasing U.S. homes of an average price of $300,000, with 21% of these purchases made in all cash.  Additionally, Indians were the number one purchasers of property in Dubai. What prompted such a dramatic decision by the Indian government? The answer is quite simple, keep the money in the country. In an effort to balance the strength of the Indian rupee against foreign currencies, the Indian government aims to increase the local exchange of currency, rather than seeing funds generated in India spent outside of the country. With such a large percentage of foreign buyers eliminated by the new law, housing markets around the world may feel the effects, in the form of decreased home sales.

This new global development could quite possibly have major repercussions for real estate markets around the world. For more information, please click here to view an article posted on World Property Channel.

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Year's End Market Forecast

A Montecito estate listed by Riskin Associates
A Montecito estate listed by Riskin Associates

With two weeks of mid-80's temperatures here in Montecito, the team at Riskin Associates is having a hard time believing summer is almost over. With a busy selling season, fall is sneaking up on us and reminding us that 2013 is coming to a close! Thus far, the market has been booming this year: the low-end seller's laughed all the way to the bank due to bidding wars, inventory was tight and suddenly high-end listings are getting escalating activity! With the exciting movement in the market, agents, buyers and sellers are all looking at the market forecast for the remainder of 2013.  According to Forbes Real Estate writer Morgan Brennan, here's where the market is going:

  • Don't worry about bursting your bubble. While prices are soaring at impressive rates, they are not catching up to the pre-burst levels. Prices are still lower than they were back then, in fact there are still many undervalued area's across the country.
  • Prices will continue to increase through 2013. Experts project that 2013 will close with home prices anywhere from 6-12% higher than last year's based on supply and demand. However, the progress is expected to slow due to increasing inventory and high mortgage rates.
  • Inventory won't stay low for long. Early in 2013, inventory hit a 12-year low, but is already starting to increase. Realtor.com president Errol Samuelson expects that inventory levels will flatten out into fall, but surprisingly, prices will continue to appreciate. New construction will increase as homebuilder's will feel renewed confidence and begin new developments.

2013 has seen some of the strongest market increases since the recovery began. A healthy competitor for the banner year that was 2012, real estate professionals are anxiously watching for 2013's grand finale.

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