
Carpinteria, CA 93013
This Ultra-Luxury Coastal Compound represents a High-Potential Investment Opportunity, listed at $28,500,000—positioned well below the $32,271,259 Fair Market Value by 11%. This valuation gap offers $3,771,259 in Instant Equity. Featuring a Mint Condition Rating across three residences, the estate boasts unobstructed ocean views, a private pool and spa, and direct beach access. This legacy property is an ideal acquisition for Ultra-High-Net-Worth Investors or Owner-Occupants seeking a secure, world-class coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4217 Avenue Del Mar Subject 9 bd · 10 ba · 7,954 sqft · $4,057 | $28,500,000* List Price | 9 | 10 | 7,954 | $4,057 | - |
A 4217 Avenue Del Mar Active 9 bd · 10 ba · 7,954 sqft · $4,275 · 0.0 mi | $34,000,000 List Price | 9 | 10 | 7,954 | $4,275 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1958, the property has clearly undergone a comprehensive, high-end renovation within the last 5 years. The interior showcases mint-condition hardwood flooring, modern recessed lighting, updated cabinetry, and pristine architectural details across all three residences, reflecting a move-in ready luxury estate with no visible maintenance needs.
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.
Situated in the guard-patrolled Sandyland Cove, this legacy property offers unparalleled privacy and security in one of Southern California's most prestigious and tightly held coastal enclaves.
The expansive one-acre estate features three distinct dwellings totaling nine bedrooms, providing exceptional scale and versatility for a private family retreat or high-capacity guest hosting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7954, other record living area = 4193. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 4.
Originally built in 1958, the estate may require significant capital investment to update the interiors and infrastructure to meet contemporary ultra-luxury standards.
Managing three separate residential structures and extensive oceanfront grounds entails substantial ongoing maintenance costs and management efforts compared to a single-residence estate.
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 | 3.3 |
| Baths | 10.0 | 3.5 |
| Square foot | 7,954 | 2,660.75 |
| Lot Size | 45,738 | 15,899 |
| Price | $28.50M | $4.20M |
| Price per sq ft | $3.6K | $1.5K |
| Built year | 1958 | 1962 |
| HOA | $0 | $0 |
| Days on market | 18 | 151 |
Oct 7, 2026
$28,500,000
Initial Listing