New Padaro Lane Bluff-top Price Reduction: 3111 Padaro Lane
3111 Padaro Lane has reduced its asking price from $13,900,000 to $11,900,000.
Listed by Village Properties and 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 multiple structures on the property, including a 4 bedroom/3 bath 2 story home built in 1965, a 1 bedroom/1 bath guest house, 2 2-car garages and a workshop. The best use of the property is undoubtedly as an estate site with privacy, outstanding views, towering redwoods, oak trees and a citrus orchard.
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History of the Listing
3111 Padaro Lane was listed at the beginning of August 2013 asking $22,000,000. Its price was reduced multiple times to a low of $14,250,000, then increased to $14,600,000 once it was newly staged in August 2015. Its price was reduced to $13,900,000 in November 2015 and $11,900,000 in April 2016.
Previous Sales in the 2000’s
3111 Padaro Lane has been held in the same family for generations and has never been for sale previously.
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