New Bonnymede Studio Escrow Closing: 1394 Plaza Pacifica

1394 Plaza Pacifica has closed escrow for $740,000.

Listed by Kathleen Winter of Berkshire Hathaway Luxury Properties, 1394 Plaza Pacifica is a 685 sq.ft. studio with expansive garden and partial ocean views enjoyed through the walls of glass of this chic Montecito getaway in guarded and gated Bonnymede. Updated throughout with a stylish kitchen, wood floors and redone bathroom, this property is in move-in condition and is the perfect second home at the beach.

For further details, please visit the dedicated website for the property at here.

History of the Listing

1394 Plaza Pacifica came on the market in December 2018 asking $995,000. Its price was reduced in January 2019 to $949,000, in March to $919,900 and in April to $879,900. In July, along with a new listing agent, the property was reduced to $799,900. It went into escrow in October, and fell out days later when the buyers got cold feet. It went back into escrow within weeks, closing in December for $740,000.

History of the Listing

1394 Plaza Pacifica sold in August 2018 in a Trustee’s Sale for $744,699. Prior to the redo, 1394 Plaza Pacifica sold in September 2003 for $570,000.