Upcoming Montecito Beachfront Property: 1755 Fernald Point Lane
Listed by Village Properties, 1755 Fernald Point Lane is soon to come on the market asking $28,000,000.
1755 Fernald Point Lane consists of two parcels, one beachfront with approx. 300′ of beach frontage, and a non-oceanfront parcel improved with a 3 bedroom/4 bath guest house, for a total of approx. 3.55 level acres. The beachfront parcel is currently a building site for a partially constructed approx. 12,000 square feet Mediterranean estate. The grounds feature a tennis court, rose gardens, mature palms and magnolias.
This property is right at the “Point” of Fernald Point Lane and offers spectacular panoramic views.
History of the Listing
1755 Fernald Point Lane has been available quietly for years. Its most recent asking price on the open market was for $47,000,000, at which price it was marketed from July 2007 to July 2009.
Previous Sales in the 2000’s
1755 Fernald Point Lane last sold in February 2001 for $17,000,000. The partial construction was already in place at that time.
