New Rincon Beachfront Escrow Closing: 5514 Rincon Beach Park Drive
5514 Rincon Beach Park Drive has closed escrow for $2,000,000.
5514 Rincon Beach Park Drive is a remodeled 868 sq.ft. 2 bedroom/1 bath cottage built in 1940 on the sand with 40′ of beach frontage within the gates of Seacliff Beach Colony.
History of the Listing
5514 Rincon Beach Park Drive came on the market in June 2018 asking $2,900,000. Its price was reduced in July to $2,690,000, August to $2,400,000 and September to $2,350,000 and November to $2,100,000. It went into escrow in December and closed on New Year’s Eve for $2,000,000.
Previous Sales in the 2000’s
5514 Rincon Beach Park Drive has been redone since it sold in September 2011 for $990,000 and May 2007 for $2,160,000. 5514 Rincon Beach Park Drive had also sold for $550,000 in September 2002, but that was when Seacliff properties were on leased land whereas now they are owned in fee simple.
