New Montecito Escrow Pending: 1206 Channel Drive
Listed with Coldwell Banker asking $7,498,000, 1206 Channel Drive has gone into escrow.
Situated across the street from Butterfly Beach and just 2 doors down from the famed Four Seasons Santa Barbara Biltmore Hotel, 1206 Channel Drive is a classic Board n’ Batten Cape Cod beach cottage. The 3-story cottage was built in 1910, has 2 bedrooms and 3 baths and comprises 2,106 sq.ft. Classic finishes such as open beam ceilings, wood floors, and French doors and windows are found throughout the home.
History of the Listing
1206 Channel Drive was listed in July 2012 for $10,500,000, reduced to $8,750,000 at the end of October 2012, reduced again in August 2013 to $7,980,000 and reduced further to $7,498,000 in November 2013. It went into escrow in mid-March 2014.
