Kathleen Winter DRE 01022891 805.451.4663

New Montecito Beach Escrow: 1130 Channel Drive

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1130 Channel Drive, a beach home on Butterfly Beach in Montecito
New Montecito Beach Escrow: 1130 Channel Drive

Listed by Berkshire Hathaway International Real Estate (formerly Prudential California Realty), 1130 Channel Drive has gone into escrow.

Completely and beautifully remodeled, 1130 Channel Drive is a darling 4 bedroom/3 bath 2,211 square foot cottage style home with lovely ocean views over Butterfly Beach in Montecito. Features include wide plank wood floors, a living room with fireplace, family room with fireplace, and private yard with a huge lawn.

Listing History

1130 Channel Drive was listed on February 13, 2013 for $7,000,000. Its asking price was reduced to $6,850,000 on July 8th and again on August 6th to $6,300,000. It went into escrow in mid-November 2013.

Previous Sales in the 2000’s

1130 Channel Drive has sold four times since 2000: most recently in July 2011 for $5,775,000, and also in December 2009 for $5,500,000, July 2004 for $4,250,000 and, prior to the remodel, in January 2002 for $3,200,000.

1130 Channel Drive ocean view, a beach home on Butterfly Beach in Montecito
1130 Channel Drive back yard, a beach home on Butterfly Beach in Montecito
1130 Channel Drive family room 2, a beach home on Butterfly Beach in Montecito
1130 Channel Drive living room, a beach home on Butterfly Beach in Montecito
1130 Channel Drive living room view, a beach home on Butterfly Beach in Montecito
1130 Channel Drive family room, a beach home on Butterfly Beach in Montecito
1130 Channel Drive den, a beach home on Butterfly Beach in Montecito
1130 Channel Drive kitchen, a beach home on Butterfly Beach in Montecito
1130 Channel Drive master bedroom, a beach home on Butterfly Beach in Montecito
1130 Channel Drive master bath, a beach home on Butterfly Beach in Montecito
1130 Channel Drive guest bedroom, a beach home on Butterfly Beach in Montecito

About Butterfly Beach in Montecito
The world famous Four Seasons Santa Barbara Biltmore Hotel and its private spa, the Coral Casino, anchor the eastern end of Butterfly Beach in Montecito, while the Santa Barbara Cemetery rests peacefully on the bluff at the western end. In between, the homes along Channel Drive and Hill Road view the ocean from just across the street from Butterfly Beach and the estates along Fairway Road enjoy bluff-top views with only a pedestrian and bike path between their gardens and the sea. The famed Music Academy of the West on Fairway Road is just a stone’s throw from Butterfly Beach.

Ty Warner, the billionaire creator of the Beanie Baby phenomenon, is playing Monopoly with his holdings along Butterfly Beach. His personal residence is on muliple acres on Fairway Road, on the same block as the Music Academy. He is also the owner of the Biltmore Hotel and Coral Casino and the Montecito Country Club just five minutes away.

The disadvantage of homeownership along Channel Drive is the public parking along, and the inconvenience of having to cross, the street to access the beach. But homeowners greatly enjoy strolling down the block to dine at the world class Biltmore Hotel or to have a swim at the Coral Casino, or walking just up the road to listen to excellent recitals in the elegant gardens of the Music Academy.

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