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

Price Reduced $1,000,000 for Non-Beachfront Listing on Padaro Lane

Ocean and slough views from 3485-A Padaro Lane

The asking price of 3485-A Padaro Lane has been reduced by $1,000,000 to a new asking price of $5,500,000. The property was put on the market in March at an asking price of $6,500,000 and was reduced July 18th to $5,500,000.

3485-A Padaro Lane is a darling 2,472 sq.ft. two bedroom/two bath non-beachfront home with a one bedroom/one bath guest suite with lovely ocean and island views. It is situated adjacent to the slough and has a private easement for easy beach access. While there is a 1-story beachfront home on the parcel in front of 3485-A Padaro Lane (3485 Padaro Lane, which is also currently on the market asking $4,800,000) that can be enlarged with a 2-story home some day, most of the views from 3485-A Padaro Lane are protected by a view protection easement and the lay of the land.

3485-A was last sold as a newly remodeled home in December 2009 for $5,100,000 and no major changes have been made to it since that sale. Prior to its remodel, 3485-A Padaro Lane sold in March 2007 for $3,950,000.