This lush, gated estate on the Southern California coast is prepared for a buyer to unleash its potential.
The flat 4.3-acre property in Carpinteria includes not one but two parcels totaling 350 feet of bluff along the Pacific Ocean. The first contains the main house and the guest studio. The second is a park-like expanse of lawn dotted with mature Monterey cypress trees, whose trunks are twisted by years of coastal breezes.
The $63 million asking price includes plans to improve the main residence and add a guest house and swimming pool on the other lot. “Having a second plot provides a very unique opportunity for additional development that would be impossible on a single plot,” says Jasmine Tennis of Village Properties Riskin Partners. “This is undoubtedly one of the rarest opportunities that the coveted coastline can offer. »
Have plans already created for 3055 Padaro Laneadds Sarah Hanacek of Riskin Partners, “can save a new owner several years of development.”
The exclusive Padaro Lane has long been associated with famous owners, including Ellen DeGeneres, Portia de Rossi, George Lucas, Kevin Costner, Mila Kunis and Ashton Kutcher. President-elect Bill Clinton stayed at this serene estate after his victory in 1992 and again the following year for a family vacation.
With such high-profile neighbors and visitors, movers of all types can enjoy a measure of anonymity within the wealthy community.
A wide red brick path leads past two seating areas before ending at the arched front door.
Inside, the bright, beach-inspired main house features vaulted beamed ceilings, beveled windows, and five fireplaces. French doors from many rooms open to a patio for easy indoor-outdoor living.
The grand hall contains a spiral staircase. Beyond is the living room with ocean views. Among the living spaces with fireplaces are the formal dining room, family room with built-in bar, and kitchen with center island. A breakfast room is located next to the kitchen.
In the 6,321 square foot main house are three bedrooms, four full bathrooms and an attic storage space. The attached guest quarters add another bedroom, a full bathroom and nearly 600 additional square feet of living space above the three-car garage, which contains one of two half-bathrooms.
The grounds, maintained by a private well, include a sunken barbecue area, winding paths, a putting green, a rose garden and a koi pond. Views span the Pacific Ocean, sunsets, Channel Islands and Santa Ynez Mountains.
There is sand access a short distance from Loon Point Beach which allows for horseback riding.
Village Properties Riskin Partners Estate Group and Sandy Stahl of Sotheby’s International Realty are the listing agents.
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