New Failed Escrow & Price Reduction in Padaro Lane Area: 3240 Beach Club Road
3240 Beach Club Road has fallen out of escrow and its asking price has been reduced $200,000 to $1,495,000.
Listed by Sotheby’s International Realty, 3240 Beach Club Road is a non-beachfront 0.59 acre creekside parcel with two very modest structures built in 1962 totaling 1,312 sq.ft. The future development of the property may be limited by the 50′ setbacks from the adjacent creek. While there are no ocean views, the property is very close to the beach at Padaro Lane.
3240 Beach Club Road came on the market in mid-February asking $1,995,000. After 2 months, the asking price was reduced to $1,695,000 and it went into escrow at the end of June. Now it has fallen out of escrow and its price has been reduced further to $1,495,000.
