
Carpinteria, CA 93013
This Exclusive Oceanfront Compound represents a Strong Value Opportunity, listed at $34,000,000—positioned well below the $37,489,185 Fair Market Value by 9%. This valuation gap offers $3,489,185 in Instant Equity for the discerning buyer. Featuring a 3-Residence Layout with a Condition Rating of 3, the estate offers a private beachfront deck, pool, and spa. This legacy property is an ideal acquisition for Ultra-High-Net-Worth Investors or Luxury Owner-Occupants seeking a secure, coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4217 Avenue Del Mar Subject | $34,000,000* List Price | 9 | 10 | 7,954 | $4,713 | - |
A 4217 Avenue Del Mar Active | $39,995,000 List Price | 9 | 10 | 7,954 | $5,028 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1958, the property is exceptionally well-maintained and move-in ready. The interiors feature high-end wood paneling, vaulted beamed ceilings, and updated flooring that suggest a significant renovation within the 5-15 year range. While some systems, such as the visible wall heater, indicate older infrastructure, the overall aesthetic and functional condition are superior for its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45738, living area = 7954.
Spanning over an acre in the guard-patrolled Sandyland Cove, this rare legacy estate features three separate residences totaling 7,954 square feet, providing unmatched privacy and versatility for multi-generational living or hosting guests.
Situated between the Pacific Ocean and a protected ecological preserve, the property offers direct beach access and unobstructed panoramic views of both the ocean and mountains in one of Southern California's most tightly held enclaves.
Originally built in 1958, the property may require significant capital investment for modern updates or renovations to align the interior aesthetics and systems with contemporary ultra-luxury standards.
Managing a three-building compound on an oceanfront acre necessitates high ongoing costs for specialized coastal maintenance, landscaping, and security services to protect against the salt-air environment.
Set behind the security gate of Sandyland Cove in Carpinteria, one of Southern California's most exclusive and tightly held oceanfront enclaves, Pelican Point presents a rare opportunity to own a true legacy property. Secure and guard patrolled, the community offers an exceptional sense of privacy and peace of mind. Spanning more than an acre along a coveted stretch of coastline, the compound unfolds across three separate residences totaling 7,954 square feet, creating an exceptional private retreat of remarkable scale. Positioned between the Pacific Ocean and a protected ecological preserve, the estate enjoys a setting defined by natural beauty, unobstructed ocean and mountain views, and an extraordinary sense of privacy. The 4,595-square-foot main residence is oriented to capture sweeping ocean vistas and features a private viewing deck and fireplace. Occupying the entire second level, the primary suite serves as a secluded retreat overlooking the coastline. Complementing the main home are a 2,130-square-foot guest house and a 1,229-square-foot cottage, bringing the estate to a total of nine bedrooms and nine full bathrooms across the property. The grounds include a pool and spa, private beachfront deck, sand volleyball court, direct beach access, a three-car garage, and an additional carport, offering ample parking and an effortless connection to the sand and sea. Just moments from the boutiques, cafes, and restaurants of Linden Avenue, and within convenient reach of both Santa Barbara and Los Angeles, Pelican Point offers a lifestyle defined by understated luxury, natural beauty, security, and enduring coastal appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 3.0 |
| Baths | 10.0 | 4.0 |
| Square foot | 7,954 | 3,013 |
| Lot Size | 45,738 | 16,988 |
| Price | $34.00M | $4.75M |
| Price per sq ft | $4.3K | $1.4K |
| Built year | 1958 | 1964 |
| HOA | $0 | $0 |
| Days on market | 27 | 172 |
Aug 13, 2026
$34,000,000
Initial Listing