New Montecito Beachfront Price Reduction: 1491 Edgecliff Lane
The asking price of 1491 Edgecliff Lane has been reduced from $25,000,000 to $19,995,000.
Listed by Berkshire Hathaway Luxury Properties and built in 2012, 1491 Edgecliff Lane is beachfront compound with a 3,531 sq.ft. main house and 3 additional cottages, panoramic ocean views and exotic tropical landscaping. The 3 bedroom/3 bath main house features central living and dining rooms with soaring open beam ceilings, an open kitchen with designer appliances and an elevator. The second cottage has a balcony that overlooks the ocean and has a private office. The beachfront cottage is a great area to enjoy a nice book while looking out over the beach and ocean.
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History of the Listing
1491 Edgecliff Lane became quietly available (but not in the MLS) in May 2017 asking $25,000,000. As of March 2018, it became actively listed in the MLS. Its price was reduced in February 2019 to $19,995,000.
Previous Sales in the 2000’s
1491 Edgecliff Lane sold with a tear down on the parcel in May 2005 for $9,000,000.