New Montecito Beachfront Closing: 1821 Fernald Point Lane
1821 Fernald Point Lane in Montecito has closed escrow for $4,125,000.
Situated on a 100′ wide lot on the sand in Montecito, 1821 Fernald Point Lane is a tri-level home built in 1973 with a foyer/office on the top floor, a living room, kitchen and 2 bedrooms/2 baths on the second floor, and a bedroom/bath and kitchenette on the lowest level with spiral staircases in between. It has large decks with a spa and 4 car garage.
History of the Listing
1821 Fernald Point Lane was listed in October 2011 at $6,850,000. Its asking price was reduced to $5,950,000 in February 2012, then reduced to $5,450,000 in mid-August 2012 before its most recent price reduction to $4,950,000 in November 2013. It sold in January 2014 for $4,125,000.
