3055 Padaro Lane, Carpinteria, CA 93013, Carpinteria, 93013 - 4 bed, 7 bath
Loading property details...
Carpinteria, CA 93013
This Rare Oceanfront Development Estate is listed at $44,999,000, reflecting the stability of this premier coastal Asset near its $41,849,298 Fair Market Value. While maintaining a Condition Rating of 4, the 1986 improvements are dated, presenting a significant Value-Add opportunity across the 4.3-acre double parcel with 350 feet of bluff frontage. The estate features panoramic ocean views, a private water source, and expansive patios. This high-upside acquisition is ideal for Luxury Developers or Visionary Owner-Users seeking a generational coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3055 Padaro Lane Subject | $44,999,000* List Price | 4 | 7 | 6,913 | $6,054 | - |
A 3055 Padaro Lane Active | $34,499,992 List Price | 4 | 7 | 6,913 | $4,991 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is exceptionally well-maintained but remains largely in its original architectural style. The interiors feature dated elements such as hexagonal tile flooring, 1980s-style wood-framed windows and doors, and older cabinetry. While the home is move-in ready and 'beachy,' it lacks the modern high-end finishes expected of a contemporary luxury renovation. The listing's mention of plans to 'reimagine' the existing home further indicates that the current improvements are considered outdated for the property's significant land value.
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.
Spanning over 4.3 acres with 350 feet of dramatic bluff frontage, this rare double-parcel estate offers unparalleled scale and privacy on one of California's most prestigious coastal lanes.
With plans for a reimagined main residence, guest house, and pool already in final review, the property offers a streamlined path to creating a world-class contemporary compound.
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.
Built in 1986, the current structures may require substantial modernization or a complete rebuild to align with the expectations of ultra-high-net-worth buyers at this price point.
Beyond the $45M purchase price, the buyer will need to commit significant capital and time to execute the proposed architectural plans and site reimagining.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 7.0 | 2.0 | 97% |
| Square foot | 6,913 | 1,618 | 97% |
| Lot Size | 101,059 | 6,969 | 89% |
| Price | $45.00M | $1.68M | 97% |
| Price per sq ft | $6.5K | $1.2K | 97% |
| Built year | 1986 | 1969 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 196 | 8% |
Mar 11, 2026
$44,999,000
$49,800,000
-10% Price Drop
Initial Listing
Feb 4, 2026
$49,800,000
Initial Listing
Feb 19, 2019
$18,125,000
Public Record