A blog about the Santa Barbara beach real estate market
Kathleen Winter 805.451.4663

New Montecito Beach Area Escrow Closing: 1127 Hill Road

1127 Hill Road, a Montecito beach house

New Montecito Beach Area Escrow Closing: 1127 Hill Road

1127 Hill Road has closed escrow for $12,500,000.

1127 Hill Road is a remodeled island-style 4,604 sq.ft. 4 bedroom/4.5 bath home with beautiful ocean and island views one row back from Channel Drive and Butterfly Beach. The main residence boasts a living room with a vaulted wood ceiling, custom stone fireplace, and a massive floor-to-ceiling sliding disappearing glass door that opens to a large, covered entertainment loggia. Also located on the 1 acre property is a separate 878 sq.ft. 1 bedroom/1 bath guest house with living room with fireplace, a pool and a 820 sq.ft. 1 bedroom/1 bath pool house with living room with fireplace and dining room or office. The secluded gardens are accented by beautiful fountains throughout the verdant property.

History of the Listing

1127 Hill Road came on the market in March 2016 asking $17,200,000. Its price was reduced in December to $15,000,000 and it went into escrow less than 2 weeks later, closing in March 2017 for $12,500,000.

Previous Sales in the 2000’s

1127 Hill Road last sold in September 2009 for $11,000,000 and in January 2007 for $12,800,000. Prior to that, it sold – combined with the (then vacant) lot at 1104 Channel Drive – for $6,000,000 in December 2000.

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