New Montecito Beachfront Escrow Closing: 1491 Edgecliff Lane
1491 Edgecliff Lane has closed escrow for $17,888,000.
1491 Edgecliff Lane is beachfront compound with a 3,531 sq.ft. main house and 3 additional cottages, panoramic ocean views and exotic tropical landscaping. The 3 bedroom/3 bath main house features central living and dining rooms with soaring open beam ceilings, an open kitchen with designer appliances and an elevator. The second cottage has a balcony that overlooks the ocean and has a private office. The beachfront cottage is a great area to enjoy a nice book while looking out over the beach and ocean.
History of the Listing
1491 Edgecliff Lane became quietly available (but not in the MLS) in May 2017 asking $25,000,000. As of March 2018, it became actively listed in the MLS. Its price was reduced in February 2019 to $19,995,000 and in August to $18,950,000. It went into escrow in September, closing in October for $17,888,000.
Previous Sales in the 2000’s
1491 Edgecliff Lane sold with a tear down on the parcel in May 2005 for $9,000,000.
