New Montecito Beachfront Escrow Closing: 1631 Posilipo Lane
1631 Posilipo Lane has closed escrow for $12,230,000 without coming on the market.
1631 Posilipo Lane is a beautifully remodeled appx. 3,302 sq.ft. 3 bedroom/2.5 bath beachfront home with an attached 2 bedroom/2 bath guest house on a half acre parcel with 75′ of beach frontage. Built in 1900 and full of character, this two story home features a gorgeous kitchen/great room with vaulted ceilings that opens to an extensive patio and private beach area. This home is steps away from the new Rosewood Miramar Beach resort, where a sunset cocktail at a seaside bar and dining at a new beachfront restaurant will surely be a delight.
History of the Listing
1633 Posilipo Lane sold in April 2019 for $12,230,000 without coming on the market.
Previous Sales in the 2000’s
1633 Posilipo Lane has been improved since it sold in May 2009 for $8,300,000 and completely redone since it sold in June 2007 for $10,000,000.
