Beachfront Padaro Lane Compound Sells for $13 Million Off the Initial Asking Price

Last week’s sales….

3443 PADARO LANE
1979 compound with guest house and lighted tennis court on 1.3 acres, with 77 feet of beachfront. The seller paid $23 million in 2019.
Listed: $41.95 million in April 2024, cut twice to $34.94 million.
Closed: $29 million.

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510 MCLEAN LANE
1988 Birnam Wood house laid out like a one-bedroom (with guest house) and straight out of the English countryside, with exquisite gardens on .89 acre. 
Listed: $9.25 million in July 2025, cut twice to $7.75 million.
Closed: $6.75 million.

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1103 CAMINO VIEJO ROAD
1974 four-bedroom with handsome new finishes and a big front-yard deck.
Listed: $6.499 million in February 2026.
Closed: $6.4 million.

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121 SUMMIT LANE
Off-market sale of 1979 Eucalyptus Hill with four bedrooms and two-and-a-half baths.
Listed: N/A.
Closed: $6.2 million.

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830 SUMMIT ROAD
Floops of a cute 1,938-square-foot house on a Eucalyptus Hill flag lot; the seller paid $4.5 million in January 2024.
Listed: $5.195 million in February 2026.
Closed: $5.195 million.

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4517 VIEJA DRIVE
1970s Spanish four-bedroom on the edge of Hope Ranch.
Listed: $5.5 million in April 2025, cut to $5 million after six months.
Closed: $4.3 million.

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2795 EAST VALLEY ROAD
Mini-compound—two-bedroom house and a guest cottage—on .9 acre by Ladera Lane.
Listed: $3.8 million in February 2026.
Closed: $3.725 million.

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2736 CUESTA ROAD
1931 Samarkand fixer that came on at a wildly delusional price.
Listed: $7.995 million in October 2025, cut four times to $3.995 million.
Closed: $3.6 million.

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3218 CALLE PINON
San Roque new-build four-bedroom.
Listed: $3.2 million in January 2026.
Closed: $3.5 million.

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4356 VIA GLORIETA
1954 three-bedroom in Hope Ranch.
Listed: $3.995 million in October 2025, cut twice to $3.6 million.
Closed: $3.375 million.

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1907 COYOTE CIRCLE
Mediterranean three-bedroom in a little development off Coyote Road.
Listed: $3.295 million in September 2025.
Closed: $3.08 million.

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2038 CIELITO LANE
Floops of a midcentury three-bedroom that last sold for $3.015 million in the spring of 2024.
Listed: $3.185 million in January 2026.
Closed: $2.995 million.

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And a few others worth checking out:
••• 2822 Puesta del Sol: $2.965 million.
••• 618 Anacapa Street #5: $2.75 million.
••• 3020 Puesta del Sol: $2.695 million (below).
••• 121 W. De La Guerra Street #11: $2.275 million.

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