3055 Padaro Lane, Carpinteria, CA 93013, Carpinteria, 93013 - 4 bed, 7 bath
ACTIVE$49,800,000$6,913/sqft
Est. Value: $45,360,000
-8%
AboveEstimate
3055 Padaro Lane, Carpinteria, CA 93013
4Beds
7Baths
6,913Sqft
101,059Lot
Price Vs. Estimate
The estimated value ($45,360,000) is $4,440,000 (8%) lower than the list price ($49,800,000). This property may be overpriced.
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 = 101059, living area = 6913.
Top Cons:
MLS Listing Discrepancy: 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 move-in ready. While the kitchen features high-end appliances (like the striking blue professional range), its overall style, including the terracotta-style flooring and traditional white cabinetry, appears to be from an earlier renovation, likely 15-25 years ago, rather than a recent one. The master bathroom, with its blue-trimmed jetted tub, traditional white vanity, and white square tiles, is clean and functional but clearly dated in style. The description also mentions 'plans to reimagine the existing home,' indicating that a full, modern renovation has not yet occurred. Despite the dated aesthetics in some areas, the property shows no signs of wear and tear or deferred maintenance, aligning with the 'good' category's criteria of being well-maintained with functional systems, but not having undergone a full recent renovation.
Year Built
1986
Close
-
List price
$49.8M
Original List price
-
Price/Sqft
$7,204
HOA
$0
Days on market
-
Sold On
-
MLS number
25489979
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
Robert Riskin
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 move-in ready. While the kitchen features high-end appliances (like the striking blue professional range), its overall style, including the terracotta-style flooring and traditional white cabinetry, appears to be from an earlier renovation, likely 15-25 years ago, rather than a recent one. The master bathroom, with its blue-trimmed jetted tub, traditional white vanity, and white square tiles, is clean and functional but clearly dated in style. The description also mentions 'plans to reimagine the existing home,' indicating that a full, modern renovation has not yet occurred. Despite the dated aesthetics in some areas, the property shows no signs of wear and tear or deferred maintenance, aligning with the 'good' category's criteria of being well-maintained with functional systems, but not having undergone a full recent renovation.
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 = 101059, living area = 6913.
Prime Oceanfrontage & Views: The property boasts a staggering 350-feet of dramatic bluff front overlooking the Pacific, offering unparalleled sea views and invigorating ocean breezes from well-proportioned rooms.
Expansive & Private Estate: Spanning over 4.3 flat, park-like acres across two parcels, this estate provides exceptional privacy and ample space, a rare commodity in a coveted oceanfront location.
Significant Development Potential: Thoughtfully crafted plans to reimagine the existing home and create a guest house and pool on the second parcel are in final review, offering substantial future value and customization opportunities.
Self-Sustaining Landscape: The lush, organic paradise features sprawling lawns and historic specimen trees, all nurtured by a private water source, a highly valuable and sustainable asset.
Versatile Living Spaces: The estate includes a 3-bedroom main house and a separate guest studio, designed for wonderful indoor-outdoor living, accommodating guests and enhancing lifestyle.
Cons
MLS Listing Discrepancy: 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.
Substantial Future Investment Required: While plans are in review, the description implies the existing home will be 'reimagined' and new structures built, indicating significant additional capital expenditure for the buyer to realize the estate's full potential.
Exclusive Price Point: The nearly $50 million asking price targets an extremely limited and niche buyer demographic, which could potentially lead to a longer marketing and sales period.
Bluff Erosion & Maintenance Considerations: As a dramatic bluff-front property, there are inherent long-term considerations and potential costs associated with bluff stability, erosion control, and ongoing maintenance, which are common for such unique locations.