New Montecito Beach Area Escrow Closing: 1205 Hill Road
Less than a month after closing escrow for $6,240,000, 1205 Hill Road has closed escrow to a next door neighbor for $6,750,000.
1205 Hill Road is a 1930’s 2,964 sq.ft. 3 bedroom/3.5 bath cottage, with partial ocean views, direct access to Butterfly Beach and close proximity to the Four Seasons Biltmore. This property is privately situated on 0.61 acres with an open floor plan and a deck overlooking the pool and garden area.
History of the Listing
1205 Hill Road sold in September for $6,240,000 after almost a year on the market, initially asking $7,300,000 and finally asking $6,250,000. It went into escrow in November when the new owners were approached by a buyer, the next door neighbor who owns the house located between 1205 Hill Road and the beach, who regretted not buying it earlier. It closed in November for $6,750,000.
Previous Sales in the 2000’s
1205 Hill Road last sold September 2016 for $6,240,000 and previously in July 2010 for $6,500,000.
