New Padaro Lane Beachfront Escrow Closing: 3246 Beach Club Road
3246 Beach Club Road has closed escrow for $7,505,000 in a short sale.
3246 Beach Club Road is a unique beachfront property offering 103′ of beach frontage. Built in 1959 and in original condition, the 4 bedroom/4 bath 2 story home has been in the same family since the early 60’s. This property has unobstructed views down the Padaro Lane beach cove and out to the ocean and islands.
History of the Listing
3246 Beach Club Road was listed at the beginning of February 2015 asking $15,888,888. Its price was reduced in May 2015 to $14,885,000, November 2015 to $13,888,000 and March 2016 to $10,500,000. Within days of its April price reduction to $7,995,000, it went into escrow after receiving multiple offers and finally, after months of negotiations with the short seller, closed in December 2016 for $7,505,000.
Previous Sales in the 2000’s
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