New Montecito Beach Area Closing: 1147 Hill Road
1147 Hill Road has closed escrow for $8,900,000.
Exciting and original, this Modern 4 bedroom/5 bath 3,500 sq.ft. home has a lap pool, spa, private gardens and Brazilian hardwood decks and terraces. This property is one house back from Butterfly Beach. It has limited (and unprotected) ocean views and has access across Channel Drive to Butterfly Beach.
History of the Listing
1147 Hill Road was originally listed in March 2012 for $15,000,000. Its asking price was first reduced in October 2012 to $11,900,000 and then been reduced to $9,900,000. It closed escrow in November 2013 for $8,900,000.
Previous Sales in the 2000’s
This is a new house that has been constructed on land holding a tear down cottage when it was purchased in February 2008 for $4,900,000.
