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

249 Lambert Road
Carpinteria, CA 93013
Property Price
SUMMARY
Analysis of 249 Lambert Road, Carpinteria, CA 93013 is currently available with a list price of $17,900,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Carpinteria Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
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grounds and structures appear well-kept, the interior spaces, particularly the commercial-grade kitchen and the highly outdated 1920s-style green tiled bathroom, require substantial rehabilitation and modernization to meet contemporary residential standards.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.'
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 249 Lambert Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 532,303 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 11 (11 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.5 | 7% |
| Baths | 11.0 | 3.0 | 98% |
| Square foot | 15,317 | 1,603 | 98% |
| Lot Size | 532,303 | 6,534 | 90% |
| Price | $17.90M | $1.70M | 98% |
| Price per sq ft | $1.2K | $1.0K | 57% |
| Built year | 1929 | 1963 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 169 | 183 | 43% |
Pricing History
Listed for Sale
Sep 19, 2025
$17,900,000
Initial Listing
























































