New Beachfront Closing on Padaro Lane: 3551 Padaro Lane
3551 Padaro Lane has closed escrow for $4,850,000.
Built in 1950 and in original condition, 3551 Padaro Lane is a 2,916 sq.ft. cottage on the sand with panoramic ocean, island, coastline and mountain views. On the main upstairs level, there are 3 bedrooms/2 baths, then below grade at ground level, there is a 2 bedroom/1 bath apartment and another separate room with bath.
History of the Listing
3551 Padaro Lane was originally listed for sale in May 2012 asking $5,950,000. Its price was reduced three times: in July 2012 to $5,650,000, in June 2013 to $5,500,000 and in July 2013 to $5,195,000. It went into escrow following multiple offers, then closed at the end of October 2013 for $4,850,000.
