Billionaire developer Geoff Palmer cuts price of Carpinteria estate to $34M
Billionaire Los Angeles real estate developer Geoff Palmer has placed his Carpinteria home back on the market — this time asking nearly $6 million less than his original ask. The founder of Beverly Hills-based multifamily developer G.H. Palmer Associates re-listed 571 Sand Point Road for just under $34 million. Carpinteria, which is located in Santa Barbara County, sits about 85 miles northwest of Downtown Los Angeles. If the property is sold for close to its asking price, Palmer could walk away with a tidy sum. The developer paid $21.3 million for the home in 2019, according to records obtained through […]This article originally appeared on The Real Deal. Click here to read the full story.
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