3581 Padaro Lane, Carpinteria, CA 93013, Carpinteria, 93013 - 4 bed, 3 bath
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3581 Padaro Lane
Carpinteria, CA 93013
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,135Sq Ft
7,405Lot Size
Property Price
LIST PRICE$9,995,000
EST. MARKET VALUE
$9,995,000
SUMMARY
This Architecturally Significant Beachfront Estate represents a Strong Value Opportunity, listed at a List Price of $9,995,000, which aligns with its $9,995,000 Fair Market Value. While the property maintains a Condition Rating of 4, the 1993-era interiors offer a prime canvas for modern customization. Featuring 51 feet of private beachfront, a glass-enclosed windbreak terrace, and a striking 2-story primary suite, this home provides an unmatched coastal lifestyle. It is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a prestigious Padaro Lane asset.
Estimated Market Value
$9,995,000
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 |
|---|---|---|---|---|---|---|
★ 3581 Padaro Lane Subject 4 bd · 3 ba · 2,135 sqft · $4,681 | $9,995,000* List Price | 4 | 3 | 2,135 | $4,681 | - |
A 3581 Padaro Lane Active 4 bd · 3 ba · 2,135 sqft · $5,386 · 0.0 mi | $11,500,000 List Price | 4 | 3 | 2,135 | $5,386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1947 and last underwent a major renovation in 1993 (31 years ago). While the home is well-maintained and functional, the interior—specifically the bathrooms—features dated 1990s-era white square tiling and cabinetry that require cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Beachfront Location
The property features approximately 51 feet of direct beachfront on the prestigious Padaro Lane, complete with private steps to the sand and proximity to Serena's Cove and Loon Point.
- Architectural Pedigree
Renovated by architect Edward W. Engs and featured in 'California Beach Houses,' the home offers a unique blend of classic cottage charm and a striking two-story primary suite addition.
- Exceptional Views and Layout
The open floor plan and glass-enclosed windbreak terrace maximize spectacular panoramic views of the harbor, islands, sunsets, and mountains.
CONSRISKS & DEFICIENCIES
- Dated Renovation
While architecturally significant, the last major renovation occurred in 1993, which may require modern updates to meet the expectations of contemporary luxury buyers.
- Extended Market Duration
With 242 days on the market and a recent $1 million price reduction, the property may be facing liquidity challenges or perceived overvaluation relative to current market conditions.
About 3581 Padaro Lane
Stunning renovated classic Padaro Lane beach house on approx. 51 feet of beachfront. Spectacular Harbor, Islands & Sunset views. This 4 Bedroom beach house offers an open floor plan with a enclosed glass windbreak terrace at beachside and private gated walk-up courtyard and entry deck. Large oceanside terrace with more than enough room for family and friends and your private steps to the sand, Serena's cove and Loon Point. In 1993, Los Angeles Architect, Edward W. Engs renovated and expanded the original Port Hueneme cottage including a striking 2-story Primary suite addition with ocean and mountain views. The home was published in California Beach Houses, Chronicle Books, 1996.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,135 | 2,660.75 |
| Lot Size | 7,405 | 15,899 |
| Price | $9.99M | $4.20M |
| Price per sq ft | $4.7K | $1.5K |
| Built year | 1947 | 1962 |
| HOA | $400 | $0 |
| Days on market | 368 | 151 |
Pricing History
Listed for Sale
Aug 12, 2026
$9,995,000
$11,500,000
-13% Price Drop
Initial Listing
Price Change
Apr 10, 2026
$11,500,000
$12,500,000
-8% Price Drop
Initial Listing
Price Change
Oct 21, 2025
$12,500,000
Initial Listing