New Beachfront Montecito Shores Escrow Closing: 3 Seaview Drive

3 Seaview Drive has closed escrow for $3,870,000.

3 Seaview Drive is a beachfront ground floor 3 bedroom/2.5 bath condo with partial ocean views from its enclosed patio. Other features include wood floors with radiant heating, bright living room with fireplace and wet bar, formal dining room, kitchen with center island, and large master suite with sitting area opening onto a second patio and 2 walk-in closets.

History of the Listing

3 Seaview Drive came on the market in July 2020 asking $4,800,000. Within a week, its price was increased to $5,500,000. Its price was reduced in February 2021 to $4,995,000, in May to $4,500,000 and in July to $4,295,500. It went into escrow immediately after that price reduction, but later fell out of escrow. Its asking price was reduced in September to $3,995,000 and in November to $3,795,000. It went into escrow amidst multiple offers in January 2022 and closed in February for $3,870,000.

Previous Sales since 2000

3 Seaview Drive has not been changed since it sold in 9/16 for $3,300,000. To see how 3 Seaview Drive looked at the time of its 2016 sale, please click here. It was redone in part since sales in 12/11 for $2,300,000, 2/07 for $2,250,000 and 7/03 for $1,800,000.