Real Estate March 1, 2011

Record sale in Santa Barbara this week

A record sale happened in Santa Barbara this week with the closing of a luxury downtown condominium in the Granada Tower for $5.25 million. The two story penthouse with roof top terrace sold for full asking price. It’s the highest priced condominium ever sold in Santa Barbara. Village Properties Realtors represented both buyer and seller in the transaction. The other condominium for sale at the Granada is located on the seventh floor. It’s a bit smaller, 3,200 square feet, with 2 bedrooms and 3 bathrooms. The asking price is $4 million. For more details contact John Bahura.

Sales like this are showing that Santa Barbara is attracting the rich and famous more strongly than ever. With prices down 30% from the top of the market buyers are seeing windows of opportunity to claim their place in paradise. 

Granada Tower 7th Floor