New Santa Barbara Oceanfront Escrow Closing: 1547/1553 Shoreline Drive
1547/1553 Shoreline Drive, the remodeled home at 1547 Shoreline Drive combined with the adjacent 0.53 acre vacant lot at 1553 Shoreline Drive, has closed escrow for $16,200,000.
Newly and completely remodeled, 1547 Shoreline Drive is an appx. 5,109 sq.ft. 4 bedroom/4.5 bath blufftop home built in 1996 on a tropically landscaped and gated appx. half acre parcel on the Santa Barbara Mesa with appx. 82′ of ocean frontage. A down-to-the-studs renovation includes folding doors connecting the great room to the patio and garden. The ocean view primary suite has a private terrace, gas fireplace & dual closets. There are 3 additional bedroom suites, a media/bonus room, office/sitting room, wine room and detached guest space. Other features include an expansive oceanfront deck, the underneath of which has been transformed into a unique retreat. The adjacent .53 acre vacant lot at 1553 Shoreline Drive, which has permitted plans, was sold as well.
History of the Listing
1547 Shoreline Drive came on the market in April 2022 asking $14,300,000. Its price was reduced in August to $12,995,000 and when combined with the adjacent lot, asked $18,900,000. The combined properties went into escrow in October and closed in January 2023 for $16,200,000.
Sales since 2000
1547 Shoreline Drive has been completely remodeled since it sold in March 2019 for $6,275,000 and in July 2007 for $4,500,000. To see how 1547 Shoreline Drive looked at the time of the 2019 sale, please click here.
1553 Shoreline Drive has obtained approval and permits for an approx. 2500 sq.ft. house (great for guests, cabana, gym, etc.) and pool since it sold in March 2020 for $3,000,000 and January 2004 for $1,600,000.
