Drew Barrymore Drops The Price Of Her Marital Montecito Mansion By $600,000!

    Posted by Cristin  |  September 9, 2013  |  8:19 am  |  Tags: , , , , , , , , ,

    People.com

    Drew Barrymore

    Montecito, CA

    Most Known For

    Child actress turned full-blown adult star; currently focused on motherhood and her beauty line, Flower.

    Home Stats

    6 bedrooms, 7.5 bathrooms, a separate guest apartment, expansive lawns, site of her 2012 nuptials

    Price

    $6,900,000

    In an effort to sell the stunning Montecito mansion she married at last year, Drew Barrymore has just priced chopped the estate by $600,000.

    Originally listed for $7.5M in May 2013, Barrymore never found a buyer during the hot and heavy summer buying season. As summer turns to fall, Barrymore needed to bring the asking price down to attract a potential buyer.

    In the summer before she hoisted the home on the market, Barrymore hosted a modest 190-person backyard wedding at this home to her art consultant husband Will Kopelman. In early June 2010, before she met Kopelman, and likely before she was marriage-minded, Barrymore purchased the home for $5,705,000.

    The estate is a gorgeous 1937 traditional home on approximately two acres of secluded, lush grounds. The classic two-story estate features 6 bedrooms, 7.5 bathrooms, a separate guest apartment and ample parking. A walking path winds through the abundant gardens, citrus and avocado trees and expansive lawn to create a one-of-a-kind setting.

    While Montecito is a chic and highly desired celebrity real estate enclave, sales prices are down about 7.9% in the last quarter, so Barrymore and her wealthy neighbors are all having trouble selling.

    Suzanne Perkins of Sotheby’s holds the listing.