Santa Barbara Real Estate prices continue to soar but one recent sale surprised even the agents. A home formerly owned by Essam Kahashoggi director of Earthshell Corp. in Santa Barbara was purchased by Geoff Rusack and Alison Wrigley Rusack. The estate is 38 acres right on the water and sold for $50,000,000 which is a Santa Barbara record.
The property was one of the original Hope Ranch estates and at one time encompassed about 50 acres. The original house was an 18,000 square foot mansion designed by famed architect George Washington Smith.