New Padaro Lane Bluff-top Price Increase & Staging: 3111 Padaro Lane
Listed by Village Properties, 3111 Padaro Lane has increased its asking price from $14,250,000 to $14,600,000 and has been newly staged.
Never before on the market, 3111 Padaro Lane is a 2.02 acre bluff-top property with 186′ of ocean frontage with panoramic ocean, island and coastline views and shared access to a stairway to the beach. Currently, there are multiple structures on the property, including a 4 bedroom/3 bath 2 story home built in 1965, a 1 bedroom/1 bath guest house, 2 2-car garages and a workshop. The best use of the property is undoubtedly as an estate site with privacy, outstanding views, towering redwoods, oak trees and a citrus orchard.
History of the Listing
3111 Padaro Lane has been held in the same family for generations and has never been for sale previously. It was listed at the beginning of August 2013 asking $22,000,000. Its price was reduced multiple times, then increased to $14,600,000 once it was newly staged in August 2015.