New Padaro Lane Escrow Closing: 3493 Padaro Lane
3493 Padaro Lane has closed escrow for $5,300,000.
3493 Padaro Lane is situated on 0.4 acre lot with approx. 62’ of beach frontage. The charming approx. 1,746 sq.ft. cottage has a comfortable living room with fireplace, open beam ceilings and redwood Board n’ Batten walls, dining room, airy kitchen, and 3 bedrooms/2 baths. The large beachside deck offers plenty of room for entertaining and relaxing, as well as a seaside spa. Cherished for generations by its original owners, this beach home has never been sold.
History of the Listing
3493 Padaro Lane came on the market at the end of August 2017 asking $8,850,000. It went into escrow at the end of December, and fell out in February 2018, at which time its price was reduced to $8,200,000. Its price was reduced further in May to $7,800,000 and in August to $7,595,000. It went into escrow in January 2019 and closed in February for $5,300,000.
Previous Sales in the 2000’s
None. This property has been in the same family since the 1930’s, with the house built in 1949 and enjoyed ever since!
