New Montecito Beach Area Escrow Pending: 1127 Hill Road
Less than 2 weeks after the reduction of its asking price from $17,200,000 to $15,000,000, 1127 Hill Road has gone into escrow.
Co-listed by Berkshire Hathaway Luxury Properties and Sotheby’s International Realty and situated one house back from Butterfly Beach, 1127 Hill Road is a remodeled island-style 4,604 sq.ft. 4 bedroom/4.5 bath home with beautiful ocean and island views. The main residence boasts a living room with a vaulted wood ceiling, custom stone fireplace, and a massive floor-to-ceiling sliding disappearing glass door that opens to a large, covered entertainment loggia. Also located on the 1 acre property is a separate 878 sq.ft. 1 bedroom/1 bath guest house with living room with fireplace, a pool and a 820 sq.ft. 1 bedroom/1 bath pool house with living room with fireplace and dining room or office. The secluded gardens are accented by beautiful fountains throughout the verdant property.
For further information, please click here.
History of the Listing
1127 Hill Road came on the market in March 2016 asking $17,200,000. Its price was reduced in December to $15,000,000 and it went into escrow less than 2 weeks later.
Previous Sales in the 2000’s
1127 Hill Road last sold in September 2009 for $11,000,000 and in January 2007 for $12,800,000. Prior to that, it sold – combined with the (then vacant) lot at 1104 Channel Drive – for $6,000,000 in December 2000.