A blog about the Santa Barbara beach real estate market
Kathleen Winter DRE 01022891 805.451.4663

New Montecito Beachfront Escrow Pending: 1787 Fernald Point Lane

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1787 Fernald Point Lane view

Montecito Beachfront Escrow Pending: 1787 Fernald Point Lane

After 4 months on the market listed with Coldwell Banker, 1787 Fernald Point Lane has gone into escrow, subject to Bankruptcy Court approval.

Built in 1934 and known as “Villa Pelican,” 1787 Fernald Point Lane is a private Montecito beachfront estate on .6+/- acres offering a 6400 sq.ft. 7 bedroom/9 bath Monterey Colonial with spacious public rooms, detached 1 bedroom guest house, 3-car garage, gated beach with fully equipped cabana, 115′ of beach frontage, gardens and dramatic ocean, island and mountain views.

History of the Listing

Beginning in June 2006 at an original asking price of $28,500,000, the owners of 1787 Fernald Point Lane attempted to sell it for many years before finally declaring bankruptcy. Listed this time in mid April 2013 at an original asking price of $11,195,000, the price was first reduced in mid-July to $10,300,000 and at the end of July reduced to $9,900,000. The current sale of 1787 Fernald Point Lane is subject to bankruptcy court approval.

1787 Fernald Point Lane, a beachfront home in Montecito

1787 Fernald Point Lane main house

1787 Fernald Point Lane entry gates

1787 Fernald Point Lane cabana

1787 Fernald Point Lane cabana 2

1787 Fernald Point Lane living room

1787 Fernald Point Lane dining room

1787 Fernald Point Lane lanai

1787 Fernald Point Lane study

1787 Fernald Point Lane koi pond

1787 Fernald Point Lane aerial

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