New Closed Escrow in Montecito Sea Meadow: 1405 Sea Meadow Place
1405 Sea Meadow Place has closed escrow for $10,000,000.
1405 Sea Meadow Place is ensconced within the guarded and gated Montecito Sea Meadow enclave with panoramic ocean and island views across a vast manicured lawn and gardens. The single level 4,557 sq.ft. home was beautifully built in 2001 with formal dining room, wood paneled family room, travertine floors and abundant French doors and windows.
History of the Listing
Listed in mid June 2013 for $10,900,000, 1405 Sea Meadow Place went into escrow overnight, then fell out of escrow for reasons unrelated to the property. Very shortly thereafter, it went back into escrow, so it was on the market only a total of 39 days during this listing.
Previous Sales in the 2000’s
1405 Sea Meadow Place last sold in July 2012 for $8,700,000. At that time, it took almost 2 years to sell.
About Montecito Sea Meadow
The guarded and gated Montecito Sea Meadow enclave, on 22 lushly landscaped acres, includes 4 beachfront and 27 non-beachfront homes. All of the homes in Sea Meadow are French Normandy in design and have slate roofs and exceptionally high quality construction. Sea Meadow homeowners share use of a spectacular clubhouse, pool, spa and tennis court. Sea Meadow was developed by Charlie Munger of Berkshire Hathaway (who currently owns 2 homes there) and as a result is humorously also known as “Mungerville.” Sea Meadow is in a fantastic location, just a short stroll to the famed Santa Barbara Four Seasons Biltmore Hotel and close to Montecito’s Lower and Upper Villages.
