New Padaro Lane Beachfront Escrow Closing: 3485 Padaro Lane
After 4 years on the market (at times actively, others quietly), 3485 Padaro Lane has closed escrow for $10,100,000.
3485 Padaro Lane is a unique offering of two separate homes on two separate parcels totaling .75 acres with 87′ of beach frontage along the slough.
The main house features an ocean view Great Room with pitched beam ceilings, fireplace, and French doors leading to a view deck and steps down to the entertaining patio. The kitchen is fully equipped with stainless appliances, and pantry. There are three bedrooms, including the master suite with ocean views and private patio, and three and one half baths, as well as a family room and laundry room. The finished garage is a surfer’s dream, with full shower, surfboard storage, and board and wetsuit wash down area.
In addition, there is a charming and remodeled Board n’ Batten 1930’s beachfront 2 bedroom/1.5 bath guest house featuring a living room with pitched open beam ceilings and fireplace, remodeled kitchen with stainless appliances, outdoor bunk room, as well as outdoor BBQ and large deck.
History of the Listing
3485 Padaro Lane has been for sale, sometimes actively and at times quietly, since May 2013, at which time it was originally listed for $12,900,000. Its asking price was reduced in April 2017 to $12,500,000 and it went into escrow in June, closing that month for $10,100,000.
Previous Sales in the 2000’s
The two homes at 3485 Padaro Lane were purchased separately. The street side house was purchased in December 2009 for $5,100,000 (prior to that, it had sold in March 2007 for $3,950,000), while the beachfront home was purchased in December 2012 for $4,000,000, for a total investment of $9,100,000. The property has been beautifully re-landscaped to combine the two houses into a seamless and pretty offering.
