Kathleen Winter DRE 01022891 805.451.4663

New Padaro Lane Price Reduction: 3339 Padaro Lane

Facebooktwitterredditpinterestlinkedinmail

3339 Padaro Lane 1, a beachfront property on Padaro Lane

New Padaro Lane Price Reduction: 3339 Padaro Lane

Listed by Seascape Realty, 3339 Padaro Lane has reduced its asking price from $15,600,000 to $13,900,000.

Available for the first time in over 40 years, 3339 Padaro Lane is a gated family compound on Padaro Lane’s coveted knoll. The main house consists of 2 bedrooms/2 baths, a Great Room with fireplace, vaulted ceilings and ocean front patio. French doors open onto a central courtyard, where a guest house known as the “Old Adobe” awaits.

A charming piece of California history, the Old Adobe, built in 1949 and thought to be the oldest adobe on Padaro Lane, is a 1 bedroom/1 bath home with Saltillo tile floors, vaulted ceilings, ocean views, a full kitchen and an added sleeping porch. A third cottage, at the rear of the property under an umbrella of shade trees, has a large deck with ocean views, open rafter ceilings in the living area, a kitchen and a full bath.

The first two cottages are on the main beachfront parcel, consisting of 0.56 acres with 62′ of beach frontage, while the third cottage is on a separate little 0.03 acre street-side parcel. However, it is uncertain that a lot line adjustment would be allowed in order to enlarge this separate street-side parcel to make it large enough to support a new structure.

All of the structures on this property are modest and it is likely most buyers would consider this to be a major project or total rebuild situation. Even so, 3339 Padaro Lane is situated on Padaro Lane’s extremely desirable knoll, with easy beach access, fabulous panoramic views and excellent privacy.

3339 Padaro Lane is 2 doors up from my listing at 3351 Padaro Lane, which has larger structures, is on a larger 0.68 acre lot with a wider 83′ of beach frontage and is asking a lower $14,500,000.

History of the Listing

3339 Padaro Lane was listed in January 2014 asking $15,600,000. Its asking price was reduced in mid-July to $13,900,000.

3339 Padaro Lane 2

3339 Padaro Lane 3

3339 Padaro Lane 4

3339 Padaro Lane 5

3339 Padaro Lane 6

3339 Padaro Lane 7

3339 Padaro Lane 8

3339 Padaro Lane 9

3339 Padaro Lane 10

3339 Padaro Lane 11

3339 Padaro Lane 12

3339 Padaro Lane 13

3339 Padaro Lane 14

3339 Padaro Lane 15

3339 Padaro Lane 16

3339 Padaro Lane 17

3339 Padaro Lane 18 Assessor's parcel map

Facebooktwitterredditpinterestlinkedinmail