3055 Padaro Lane, CARPINTERIA, CA 93013, CARPINTERIA, 93013 - 4 bed, 7 bath
ACTIVE$49,800,000$6,913/sqft
3055 Padaro Lane, CARPINTERIA, CA 93013
4Beds
7Baths
6,913Sqft
190,357.203Lot
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 = 190357, living area = 6913.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =190357, other record lot size in square feet = 101059. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6913, other record living area = 6866. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Compared to the nearby listings
Price:$49.80M vs avg $1.82M (+$47,975,000)97%
Size:6,913 sqft vs avg 1,203 sqft97%
Price/sqft:$7.2K vs avg $59697%
More Insights
Built in 1986 (40 years old).
Condition: The property, built in 1986, is exceptionally well-maintained and presents as move-in ready. The kitchen features high-end appliances, custom cabinetry, a large island, and unique hexagonal tile flooring, all in excellent condition. The primary bathroom boasts a jetted tub, dual vanities, and clean white tiling, appearing updated and well-preserved. While the overall aesthetic is bright and 'beachy,' and the property has clearly undergone significant updates, some elements like the specific style of the bathroom fixtures and kitchen flooring suggest renovations that are likely 10-15 years old rather than brand new. The listing's own analysis notes that the main residence 'may require substantial modernization' to align with current ultra-luxury expectations, preventing an 'Excellent' rating. However, it far exceeds the 'Fair' category as it requires no immediate repairs or updates and all major systems and finishes appear functional and in very good condition.
Year Built
1986
Close
-
List price
$49.8M
Original List price
-
Price/Sqft
$7,204
HOA
$0
Days on market
-
Sold On
-
MLS number
25-445
Home ConditionGood
Features
Excellent View:
Deck
Patio
View-
About this home
Discover an unparalleled oceanfront oasis on the California coast. Spanning over 4.3 flat, park-like acres on two parcels, this estate boasts a staggering 350-feet of dramatic bluff front overlooking the Pacific. In a world where privacy is scarce, find iconic anonymity here. Bright, beachy interiors grace the 3-bd main house and separate guest studio. Well-proportioned rooms offer sea views and invigorating ocean breezes with wonderful indoor-outdoor living throughout. The lush, organic paradise features sprawling lawns and many historic specimen trees, all nurtured by a private water source. Plans to reimagine the existing home and create a guest house and pool on the second parcel have been thoughtfully crafted and are in final review. Experience chic seaside living like never before!
R
Riskin Partners Assoc. Team
Listing Agent
Price History
Date
Event
Price
02/19/19
Sold
$18,125,000
Condition Rating
Good
The property, built in 1986, is exceptionally well-maintained and presents as move-in ready. The kitchen features high-end appliances, custom cabinetry, a large island, and unique hexagonal tile flooring, all in excellent condition. The primary bathroom boasts a jetted tub, dual vanities, and clean white tiling, appearing updated and well-preserved. While the overall aesthetic is bright and 'beachy,' and the property has clearly undergone significant updates, some elements like the specific style of the bathroom fixtures and kitchen flooring suggest renovations that are likely 10-15 years old rather than brand new. The listing's own analysis notes that the main residence 'may require substantial modernization' to align with current ultra-luxury expectations, preventing an 'Excellent' rating. However, it far exceeds the 'Fair' category as it requires no immediate repairs or updates and all major systems and finishes appear functional and in very good condition.
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 = 190357, living area = 6913.
Unrivaled Oceanfrontage: Boasting a staggering 350-feet of dramatic bluff front overlooking the Pacific, this property offers unparalleled ocean views and direct coastal access, defining its luxury status.
Expansive & Private Estate: Spanning over 4.3 flat, park-like acres across two parcels, the estate provides exceptional privacy, sprawling lawns, and historic specimen trees, creating an exclusive sanctuary.
Significant Development Potential: Approved plans for reimagining the existing home, adding a guest house, and a pool on the second parcel are in final review, offering substantial future value and customization opportunities.
Private Water Source: The lush landscape is nurtured by a private water source, a rare and valuable amenity that enhances the property's sustainability and appeal.
Luxury Coastal Lifestyle: Designed for 'chic seaside living' with bright, beachy interiors, sea views, invigorating ocean breezes, and wonderful indoor-outdoor flow, complemented by a separate guest studio.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =190357, other record lot size in square feet = 101059. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6913, other record living area = 6866. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Age of Main Residence: Built in 1986, the existing main house, despite its 'beachy interiors,' may require substantial modernization or the execution of the 'reimagine' plans to fully align with current ultra-luxury expectations for a property of this caliber and price point.
Additional Investment Required: While plans are in review, the buyer will still need to undertake and fund the 'reimagine' project, guest house, and pool construction, adding considerable cost and time beyond the initial purchase price.
Bluff Front Maintenance & Risk: The 'dramatic bluff front' offers stunning views but inherently carries potential long-term maintenance costs and risks associated with coastal erosion, which can be substantial for oceanfront properties.