A blog about the Santa Barbara beach real estate market
Kathleen Winter DRE 01022891 805.451.4663

New Padaro Lane Blufftop Escrow Closing: 3055 Padaro Lane

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New Padaro Lane Blufftop Escrow Closing: 3055 Padaro Lane

3055 Padaro Lane has closed escrow for $18,125,000.

Spanning over 4.3 acres on 2 parcels, 3055 Padaro Lane has approx. 350′ of bluff frontage offering complete privacy. Bright and beachy interiors are both relaxed and refined in the 3 bedroom/3.5 bath main residence with family room, formal dining room, breakfast nook and 1-bedroom/1 bath guest house. Majestic specimen trees grace the gated property and 2 private wells keep the grounds incredibly lush.

History of the Listing

3055 Padaro Lane came on the market at the end of January 2017 asking $28,500,000. Its price was reduced in August to $25,500,000 and in November to $22,500,000. It was then repainted and newly staged, coming back on the market in October 2018 asking $22,000,000. It went into escrow in January 2019 and closed in February for $18,125,000.

Previous Sales in the 2000’s

3055 Padaro Lane has been improved since it last sold in June 2004 for $19,000,000.

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