New Rincon Beachfront Escrow Closing: 5440 Rincon Beach Park Drive
5440 Rincon Beach Park Drive has closed escrow for $2,200,000.
5440 Rincon Beach Park Drive is a 1,281 sq.ft. 2 bedroom/1.5 bath cottage built in 1961 with a majority of the preliminary work done to build a new custom home on the parcel with 40′ frontage. The existing beach house features wood laminate floors, custom skylights and an open concept kitchen and living space and ample parking. Enjoy breathtaking sunsets and timeless ocean views from the living room, the back patio or rooftop deck. Permits have been approved for a new 3,408 sq.ft. 4 bedroom/3.5 bath home with elevator, 2 car garage and 1,065 sq.ft. rooftop deck.
History of the Listing
5440 Rincon Beach Park Drive came on the market in May 2019 asking $2,450,000. Its price was reduced in January 2020 to $2,375,000, in March to $2,349,000 and in October to $2,249,000. It went into escrow in October and closed in November for $2,200,000.
Previous Sales in the 2000’s
Improvements have been made and new plans approved since 5440 Rincon Beach Park Drive last sold in July 2011 for $1,065,000.
