New Padaro Lane Beachfront Escrow: 3551 Padaro Lane
Listed with Coldwell Banker asking $5,195,000, 3551 Padaro Lane has gone into escrow following multiple offers.
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.
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.
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