249 Lambert Road, Carpinteria, CA 93013, Carpinteria, 93013 - 1 bed, 11 bath

249 Lambert Road, Carpinteria, CA 93013 home-pic-0
ACTIVE$17,900,000$15,317/sqft
249 Lambert Road, Carpinteria, CA 93013
1Bed
11Baths
15,317Sqft
532,303Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 532303, living area = 15317.
Top Cons:
Age of Property & Renovation Needs: Built in 1929, the property will likely require significant investment for modernization, restoration, and ongoing maintenance to meet contemporary luxury standards or specific functional requirements.

Compared to the nearby listings

Price:$17.90M vs avg $1.82M (+$16,075,000)97%
Size:15,317 sqft vs avg 1,203 sqft97%
Price/sqft:$1.2K vs avg $59669%

More Insights

Built in 1929 (97 years old).
Condition: Built in 1929, this historic estate has been maintained for institutional use, not modern residential living. While the grounds and structures appear well-kept, the interior spaces, particularly the commercial-grade kitchen and the highly outdated 1920s-style green tiled bathroom, require substantial rehabilitation and modernization to meet contemporary residential standards. The listing description itself notes that it 'will likely require significant investment for modernization, restoration, and ongoing maintenance to meet contemporary luxury standards.'
Year Built
1929
Close
-
List price
$17.9M
Original List price
-
Price/Sqft
$1,169
HOA
$0
Days on market
-
Sold On
-
MLS number
25595477
Home ConditionPoor
Features
Good View:
Deck
Patio
View-

About this home

PACIFICA ESTATE is a rare residential offering of cultural, architectural, and academic significance. Originally built in 1924 for philanthropist and industrialist Max Fleischmann, heir to the Fleischmann Yeast fortune, the residence was designed by the renowned firm Johnson, Kaufmann, and Coate. Their vision established a timeless estate that has since evolved into a landmark on California's Central Coast.For more than three decades, the property has been home to Pacifica Graduate Institute under a Conditional Use Permit. The Institute expanded the grounds into a dynamic campus with five administrative buildings, organic orchards, water features, and tranquil gardens. This thoughtful stewardship has preserved the estate's natural beauty while enriching its cultural and educational legacy.Set on 12.22 acres, the estate retains the essence of its original 1,200-acre expanse. Its lush landscape, storied history, and prime location create a foundation of exceptional value. The property's existing infrastructure - multiple structures, vast grounds, and ample parking - offers flexibility for future uses, from continuing the academic tradtiions, creative endeavors to private residential living. For the discerning buyer, future possibilities abound. The estate could be reimagined as a private luxury compound with a primary residence, guest houses, vineyards, orchards, equestrian facilities, pools, and wellness amenities. Alternatively, its academic framework can be adapted "as-is" or thoughtfully reinterpreted. Whether restored to its original grandeur or envisioned through a modern lens, Pacifica Estate presents a once-in-a-generation opportunity to own a significant piece of California's coastal heritage.

J
John Sener
Listing Agent
Condition Rating
Poor

Built in 1929, this historic estate has been maintained for institutional use, not modern residential living. While the grounds and structures appear well-kept, the interior spaces, particularly the commercial-grade kitchen and the highly outdated 1920s-style green tiled bathroom, require substantial rehabilitation and modernization to meet contemporary residential standards. The listing description itself notes that it 'will likely require significant investment for modernization, restoration, and ongoing maintenance to meet contemporary luxury standards.'
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 532303, living area = 15317.
Historical & Architectural Significance: Originally built in 1924 for Max Fleischmann and designed by a renowned firm, the estate holds significant cultural and architectural value, establishing it as a landmark on California's Central Coast.
Expansive & Versatile Grounds: Spanning 12.22 acres with lush landscapes, organic orchards, water features, and tranquil gardens, the property offers exceptional privacy and a foundation for diverse uses.
High Potential for Redevelopment: The estate presents a unique opportunity for reimagination as a private luxury compound with guest houses, vineyards, equestrian facilities, or wellness amenities, catering to a discerning buyer.
Existing Infrastructure: The property boasts multiple structures, including five administrative buildings, and ample parking, providing a robust foundation for continued academic use or conversion to other purposes.
Prime Coastal Location: Situated in Carpinteria, CA, the estate benefits from a desirable Central Coast location, enhancing its long-term value and appeal.

Cons

Age of Property & Renovation Needs: Built in 1929, the property will likely require significant investment for modernization, restoration, and ongoing maintenance to meet contemporary luxury standards or specific functional requirements.
Current Institutional Use & Permit: The property has operated under a Conditional Use Permit as an academic institution for decades, which may complicate a transition to private residential use or other commercial ventures, potentially requiring permit modifications or zoning changes.
Complexity & Cost of Conversion: Reimagining the estate from its current academic framework to a luxury residential compound or another high-value use will involve substantial planning, design, and construction costs, as well as a considerable timeline.
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