2937 Padaro Lane, Carpinteria, CA 93013, Carpinteria, 93013 - 3 bed, 4 bath
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2937 Padaro Lane
Carpinteria, CA 93013
ACTIVE
CONDITION: GOOD
3Beds
4Baths
2,514Sq Ft
183,388Lot Size
Property Price
LIST PRICE$20,000,000
EST. MARKET VALUE
$50,832,422
3% BelowMARKET VALUE
SUMMARY
This Rare Beachfront Ranch Estate represents a High-Potential Investment Opportunity, listed at $48,975,000—positioned well below the $50,832,422 Fair Market Value by 3%. This valuation gap offers $1,857,422 in Instant Equity. Featuring a Good Condition Rating, the property includes 4.2 acres of private beach, equestrian zoning for nine horses, and panoramic ocean views. While the current residence is modest, the massive lot size provides significant redevelopment potential. This is an elite acquisition for Ultra-High-Net-Worth Investors or Luxury Estate Collectors.
Estimated Market Value
$50,832,422+$30,832,422 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Carpinteria.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2937 Padaro Lane Subject | $20,000,000* List Price | 3 | 4 | 2,514 | $20,220 | - |
A 2937 Padaro Lane Active | $48,975,000 List Price | 3 | 4 | 2,514 | $19,481 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2014, the property is approximately 12 years old, placing it in the 'Good' category. The interior features a modern open-concept kitchen with high-end stainless steel appliances and flat-panel cabinetry, contemporary bathrooms, and well-maintained systems that are fully functional and move-in ready.
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 = 183388, living area = 2514.
- Unrivaled Beachfront Acreage
Spanning 4.2 acres with nearly an acre of private beach, this rare estate offers direct access to Loon Point and represents the last true beachfront ranch in Southern California.
- Elite Equestrian Amenities
Zoned for nine horses and featuring a private trail leading directly to the shoreline, the property provides a unique opportunity for oceanfront riding at any hour.
CONSRISKS & DEFICIENCIES
- Limited Residential Square Footage
With only 2,514 square feet of living space, the existing home is modest relative to the nearly $49 million asking price, potentially necessitating significant expansion or redevelopment.
- Auction Sales Process
The property is being sold via a luxury auction with specific bidding windows, which may deter buyers who prefer traditional negotiation timelines and contingencies.
About 2937 Padaro Lane
AUCTION: Bidding open. Bidding closes: September 17th. Rancho Carinoso occupies a rare stretch of shoreline along Padaro Lane, an oceanfront sanctuary spanning approximately 4.2 acres with nearly one acre of private beach and direct access to the legendary Loon Point surf break. Zoned for nine horses, a private equestrian trail leads straight to the sand, allowing riders to move freely along the shoreline at any hour. The coastal lifestyle unfolds with ease: a yacht can anchor just offshore for tender access, jet skis and kayaks launch straight from the backyard, and an ATV trail reaches a private beach cabana. Avocado and citrus groves, a private hiking trail, and fully irrigated grounds frame endless views of the Channel Islands and the Pacific beyond. This is the last true beachfront ranch estate remaining in Southern California.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2014
- Lot Size
- 183,388 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 2,514 | 3,013 |
| Lot Size | 183,388 | 16,988 |
| Price | $20.00M | $4.75M |
| Price per sq ft | $8.0K | $1.4K |
| Built year | 2014 | 1964 |
| HOA | $0 | $0 |
| Days on market | 40 | 172 |
Pricing History
Listed for Sale
Sep 5, 2026
$20,000,000
$48,975,000
-59% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$48,975,000
Initial Listing
Sold
Aug 1, 2002
$15,000
Public Record