New Montecito Beach Area Escrow Closing: 1086 Channel Drive
1086 Channel Drive has closed escrow for $16,800,000.
1086 Channel Drive is a gated and private 2,746 sq.ft. 3 bedroom/2.5 bath Mid-Century Contemporary on 0.81 acres with bright and airy rooms and walls of glass overlooking world renowned Butterfly Beach with ocean and island views. Situated in a wonderful location for enjoying Montecito within a short stroll of Coast Village Road shops and dining, The Santa Barbara Biltmore and The Coral Casino.
History of the Listing
1086 Channel Drive came on the market in November 2011 asking $19,500,000. Its asking price has changed over the years multiple times, most recently in November 2021 from $23,500,000 back to $19,500,000. It went into escrow in February 2022 and closed in March for $16,800,000.
Previous Sales in the 2000’s
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