New Montecito Beachfront Price Reduction: 1813 Fernald Point Lane
1813 Fernald Point Lane has reduced its asking price from $7,750,000 to $6,950,000.
Listed by Sotheby’s International Realty and situated behind the gates at “Fernald Cove,” 1813 Fernald Point Lane is a 3,942 sq.ft. tri-level 4 bedroom/4.5 bath Contemporary home built in 1973 but recently extensively remodeled throughout. Formerly owned by comedian John Cleese, the East facing property has an extensive wine cellar, a separate guest apartment and 50′ of beach frontage.
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History of the Listing
1813 Fernald Point Lane came on the market in February 2016 asking $8,250,000. Its price was reduced in April to $7,750,000 and in May to $6,950,000.
Previous Sales in the 2000’s
Prior to the complete remodel, 1813 Fernald Point Lane sold in July 2010 for $5,100,000.
