New Montecito Beachfront Escrow Closing: 1583 South Jameson Lane
1583 South Jameson Lane has closed escrow for $16,000,000.
1583 South Jameson Lane is a 9 bedroom/8 bath mid-century compound on 0.38 acres with 110′ of beach frontage in need of complete renovation. In addition to the sprawling 7 bedroom/6 bath main house with 2 fireplaces, there is an attached 1 bedroom/1 bath cottage and separate studio offering flexible spaces. Tucked behind a gate in an exclusive enclave of 3 waterfront homes just steps to the Rosewood Miramar Resort.
History of the Listing
1583 South Jameson Lane came on the market in February 2020 asking $17,900,000. It went into escrow in June after a multiple offer bidding war, fell out of escrow from the first buyer, went into escrow with the back up buyer, then fell out of that second escrow as well in August. It went into escrow again in March 2021 and closed escrow in April for $16,000,000.
Previous Sales since 2000
None. This is the first time this property has ever been offered for sale.
