New Padaro Lane Beachfront Closing: 3449 Padaro Lane
3449 Padaro Lane has closed escrow for $8,355,000.
3449 Padaro Lane is a 3,577 sq.ft. 2 story Cape Cod style 3 bedroom/3.5 bath home is situated on a South facing lot on the sand with 50′ of beach frontage. The property consists of 2 legal lots, one beachfront improved with a residence and the other behind that is nicely landscaped. Built in 1993, the house has a has a formal dining room, large kitchen with an eating area at one end, office, den, downstairs bedroom and an extra room for a second office/sewing room. It also has an elevator from the garage.
History of the Listing
3449 Padaro Lane was listed for $13,250,000 at the beginning of March 2014. Its price was reduced at the end of August to $11,795,000. It went into escrow at the end of January 2015 and closed in February for $8,355,000.
Previous Sales
3449 Padaro Lane has never been on the market previously. It was built by the current owners in 1993. They acquired the vacant lot in November 1990 for $1,000,000.