The property that sold for $1 was 434 E. Olive St. which looks to be part of a package deal that included 506 E. Haley St. The only reason I'm guessing this is that the same LLC purchased them and they closed on the same day.
The $8,450,000 purchase appears to be a single family residence on Lilac Dr. in Montecito. That was a pretty popular street last month as there was another sale showing for $7,925,000. I suppose there needs to be a welcome to the neighborhood get together soon.
Those were the highest priced sales that I found recorded for March on the South Coast. Montecito looked like it had another good month with a number of sales over the 4 million dollar mark.
See You In Escrow!
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