3055 Padaro Lane, CARPINTERIA, CA 93013, CARPINTERIA, 93013 - 4 bed, 7 bath
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3055 Padaro Lane
CARPINTERIA, CA 93013
ACTIVE
CONDITION: FAIR
4Beds
7Baths
6,913Sq Ft
190,357.203Lot Size
Property Price
LIST PRICE$44,999,000
EST. MARKET VALUE
$44,999,000
SUMMARY
This Oceanfront Development Estate is a rare acquisition listed at $44,999,000, positioned accurately at its $44,999,000 Fair Market Value. Featuring an Exceptionally Well-Maintained Condition Rating, the 1986-built residence offers a beachy aesthetic but requires modernization to reach peak luxury standards. The estate spans 4.3 acres with 350 feet of bluff frontage and includes shovel-ready plans for a guest house and pool. This significant acreage and private water source ensure long-term viability. It is an ideal match for Luxury Developers or Visionary Owner-Occupants looking to create a custom coastal sanctuary.
Estimated Market Value
$44,999,000
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 |
|---|---|---|---|---|---|---|
★ 3055 Padaro Lane Subject 4 bd · 7 ba · 6,913 sqft · $6,509 | $44,999,000* List Price | 4 | 7 | 6,913 | $6,509 | - |
A 3191 Padaro Lane Active 5 bd · 7 ba · 7,544 sqft · $5,567 · 0.3 mi | $42,000,000 List Price | 5 | 7 | 7,544 | $5,567 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986, the property is exceptionally well-maintained but remains largely in its original or aged state regarding interior finishes. The kitchen features dated tile countertops and hexagonal tile flooring, while the bathrooms show 1980s-style square tiling and drop-in jetted tubs. Although the home is move-in ready and 'beachy,' it lacks the modern high-end finishes expected in today's luxury market, a fact supported by the listing's mention of plans to 'reimagine' the existing structure.
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 = 190357, living area = 6913.
- Expansive Oceanfront Acreage
Spanning over 4.3 acres across two parcels with 350 feet of dramatic bluff frontage, this estate offers a rare combination of scale and privacy on the prestigious Padaro Lane.
- Significant Development Potential
The property includes two parcels with architectural plans in final review to reimagine the main residence and add a guest house and pool, providing a streamlined path for a custom luxury estate.
CONSRISKS & DEFICIENCIES
- 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.
- Dated Original Construction
Built in 1986, the existing structures likely require substantial modernization or a complete rebuild to meet the contemporary ultra-luxury standards expected at this price point.
- Complex Project Scope
Realizing the property's full potential involves significant additional capital investment and the management of a large-scale construction project, which may deter buyers seeking a move-in-ready home.
About 3055 Padaro Lane
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 190,357.203 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 7 (7 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 | 4.0 | 3.3 |
| Baths | 7.0 | 3.5 |
| Square foot | 6,913 | 2,660.75 |
| Lot Size | 190,357.203 | 15,899 |
| Price | $45.00M | $4.20M |
| Price per sq ft | $6.5K | $1.5K |
| Built year | 1986 | 1962 |
| HOA | $0 | $0 |
| Days on market | 263 | 151 |
Pricing History
Listed for Sale
Mar 11, 2026
$44,999,000
$49,800,000
-10% Price Drop
Initial Listing
Price Change
Feb 3, 2026
$49,800,000
Initial Listing
Sold
Feb 19, 2019
$18,125,000
Public Record