New Padaro Lane Bluff-top Price Reduction: 3111 Padaro Lane
Six months after coming on the market listed by Village Properties, 3111 Padaro Lane has reduced its asking price for the second time, this time from $19,500,000 to $17,950,000.
Never before on the market, 3111 Padaro Lane is a 2.02 acre bluff-top property with 186′ of ocean frontage with panoramic ocean, island and coastline views and shared access to a stairway to the beach. Currently, there are 3 structures on the property, including a 3 bedroom/3 bath 2 story home built in 1960, a 1 bedroom/1 bath guest house and a garage/workshop. The best use of the property is undoubtedly as an estate site with privacy and outstanding views.
History of the Listing
3111 Padaro Lane has been held in the same family for generations and has never been for sale previously. It was listed at the beginning of August 2013 asking $22,000,000. Its price was reduced at the beginning of September 2013 to $19,500,000 and has just been reduced for the second time to $17,950,000.
