New Back on the Market in Montecito Sea Meadow: 1475 Bonnymede Drive
Listed by Kathleen Winter of Berkshire Hathaway Luxury Properties asking $4,950,000, 1475 Bonnymede Drive has fallen out of escrow due to no fault of the property.
Beautiful, bright and airy, 1475 Bonnymede Drive is an approx. 4,280 sq.ft. French Normandy home secured within Montecito’s prestigious Montecito Sea Meadow enclave. Featuring soaring open beam ceilings, hardwood floors and abundant French doors, this three bedroom/three and one-half bath home offers an elegant living room with fireplace, formal dining room, gourmet kitchen with large island, breakfast nook and comfortable family room. The master suite has a convenient adjacent office and large bath with two walk in closets. Gorgeous gardens are enjoyed in the private backyard with patio and pleasing fountain.
About Montecito Sea Meadow
Montecito Sea Meadow is a guarded and gated beachfront enclave in the best possible location in Montecito, at the beach within easy walking distance to the famed Four Seasons Biltmore Hotel and Coral Casino, as well as Montecito’s Lower Village. The 22 acre enclave is magnificently landscaped with majestic trees and flowering gardens and offers a pool, spa, tennis and clubhouse. Developed by Charlie Munger of Berkshire Hathaway for his personal home, this intimate community offers a unique range of amenities (including all exterior maintenance and landscaping) to ensure an ideal carefree lifestyle by the sea.
History of the Listing
1475 Bonnymede Drive was listed at the end of May 2014 asking $5,250,000. Its price was reduced to $4,950,000 at the beginning of August 2014 and it went into escrow in March 2015. The buyer changed her mind about buying within the gates of a homeowner’s association and backed out of the deal.
Previous Sales in the 2000’s
1475 Bonnymede Drive was sold to the UC Santa Barbara Foundation in May 2014 for $3,250,000, with the intention that an endowment be funded with the difference between this low selling price and the selling price ultimately obtained by the UC Santa Barbara Foundation.
