Summerland Real Estate
The small community of Summerland is nestled between Montecito and Carpinteria, and consists of less than two square miles and about 1,500 residents. The town features one elementary school and a church, as well as several small businesses, shops and restaurants. Most of the businesses are centered on Lillie Avenue, which runs parallel to the 101 Freeway that passes through the community. Summerland is a popular tourist destination and is known for its eclectic shops, especially antiques, and restaurants with outdoor seating and pet-friendly policies. The public Summerland Beach is also a gem with ample parking, beautiful white sand beach (great for walking even during high tide) and even a small park for families that looks out onto the Pacific Ocean.
Given its small area, the volume of real estate in Summerland is quite low. Built into a hillside, most homes have spectacular ocean views. However, smaller yard spaces, limited single level construction, and freeway noise are some of the drawbacks that come with the location. Many homes are also rented, either long term or as short term, furnished Summerland Vacation Rentals. since it is a popular vacation destination and also so convenient to both Santa Barbara and Carpinteria. In the past few years, condominium sales have ranged in price from $550,000 to $850,000. Single-family residences have sold from the high $500k’s to just under $4 million, though most of the inventory ranges from $800k-$1.4million.
Southeast of Summerland lies Padaro Lane, home to quite a few of the most extravagant homes in the Santa Barbara area. Padaro Lane runs along the coast between the beach and the 101 Freeway, with homes situated south of the road, providing immediate and fairly private beach access. Given this incredible privacy and location, homes here routinely out-price even those in Montecito for price per square foot. In the last two years, four homes on Padaro Lane have been sold for between $5 million and just under $20 million.