New Rincon Beachfront Escrow Closing: 3438 Pacific Coast Highway
3438 Pacific Coast Highway has closed escrow for $2,044,000.
3438 Pacific Coast Highway is a remodeled 1,348 sq.ft. 2 story Nantucket style style 3 bedroom/3 bath home built in 1984. Generating vacation rental revenues of approximately $120,000 per year, the home has been extensively remodeled by a renowned Santa Barbara architectural designer and features 3 ocean-view terraces and a hot tub.
History of the Listing
3438 Pacific Coast Highway came on the market in mid-March 2015 asking $2,350,000. It went into escrow a month later and closed at the end of June for $2,044,000.
Previous Sales in the 2000’s
3438 Pacific Coast Highway has been redone since it was acquired in an exchange in February 2008. Prior to that, it sold in February 2008 for $2,495,000 and in October 2002 for $925,000.
