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A $75 million record sale, and several major trades are putting Santa Barbara’s luxury market back in the spotlight. The upper end of the Santa Barbara and Montecito real estate market has been anything but quiet. A series of significant recent sales has included three transactions above $45 million within a remarkably short window, alongside notable trades in Montecito, Hope Ranch and along the coveted beaches of Carpinteria. At the top of the list is 2840 Hidden Valley Lane

Ellen DeGeneres and Portia de Rossi are continuing to part ways with their California real estate, recently listing one of their last...