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

New Padaro Lane Oceanfront Price Reduction: 3055 Padaro Lane

New Padaro Lane Oceanfront Price Reduction: 3055 Padaro Lane

The asking price of 3055 Padaro Lane has been reduced from $25,500,000 to $22,500,000.

Listed by Kathleen Winter of Berkshire Hathaway Luxury Properties and ensconced behind massive gates, 3055 Padaro Lane is a spectacular and private oceanfront estate set on two parcels totaling 4.37 acres with panoramic ocean, island and coastline views, majestic Cypress and Eucalyptus trees and a vast 350′ of ocean frontage. One of the very few large oceanfront parcels in the Santa Barbara area, this beautifully landscaped property is served by a private well and includes a family orchard, koi pond, putting green and expansive lawns.

The wonderful 6,866 sq.ft. four bedroom French Country estate home features soaring open beam ceilings, beveled French doors and windows and five fireplaces. Other delights include the welcoming family room with bar, formal dining room and pretty breakfast nook. Indoor/outdoor living is enjoyed upon the expansive brick patio with BBQ area and seaside spa. Above the oversized three car garage is a guest apartment with separate entrance.

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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.

Previous Sales in the 2000’s

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