East Coast Traditional on Padaro Lane for $65 Million

Noteworthy new listings….

Ten years ago, 3165 Padaro Lane ($65 million) sat on the market at around $25 million, finally selling for under $17 million. And Zillow thinks the compound next door, which is on twice the acreage with a newer house, is only worth $30 million. So is 3165 really worth $65 million? Who knows these days? Two flat, oceanfront acres with beach access is nothing to sneeze at. The house, built in 1992, is big and very Locust Valley, although the light fixtures hint at less traditional yearnings.

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With different owners but the same listing agent, 1409 Shoreline Drive ($10.775 million) and 1413 Shoreline Drive ($4.995 million) are being offered simultaneously because there’s an opportunity here: tear down 1413 to make way for a driveway to 1409—which is oceanfront, right next to Shoreline Park—and build where 1409’s driveway currently is. Voilà, two oceanfront properties. As it stands, 1409 is more-or-less turnkey, with some dated architectural choices, and some truly world-class cypress trees.

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Single-level and overlooking the La Cumbre Country Club’s 1st green and 2nd tee, 3923 Laguna Blanca Drive ($8.995 million) feels like a Birnam Wood house without the gated community vibe. I’d keep the pink exterior but redo most surfaces inside and make the kitchen, dining room, and living room all one big space. Love how the lawn visually flows into the golf course, sort of like a golfer’s version of an infinity pool.

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1209 Cima Linda Lane ($7.95 million), on Eucalyptus Hill, makes an awkward first impression—is that the front door?—and the house is far more appealing from the back. The inside wants a refresh here and there (begone, glass brick!), but there’s a nifty deck upstairs and the property looks out onto a broad valley.

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236 Las Entradas Drive ($5.5 million), on the San Leandro Lane border of Ennisbrook, is ready for an update, but the 1980s style might be baked in. Although the lot is an acre, not much is usable, as you can see in the last photo. UPDATE 6/5: “There actually is quite a bit of usable yard space on the west side of the house, with room for a pool and guest house,” says one of the listing agents. (The property wasn’t open this week, so I only had the listing photos to work with.)

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4490 Via Abrigada ($6.5 million) is a Hope Ranch teardown; the selling point is 7.39 acres.

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While I wouldn’t mind a closer look at the materials at 80 Chase Drive ($4.775 million), the views are unquestionably impeccable.

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Forget location: these days, the mantra is turnkey, turnkey, turnkey. Down a flag lot on the Mesa, 1531 San Miguel Avenue ($3.995 million) was built in 2018 and is in good shape. Still, $4 million….

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At first glance, 870 Arcady Road ($4.5 million) has midcentury potential. But the entrance is around the back, the 1.76-acre lot is almost entirely hillside, the two guest rooms share a hallway bath, and many of the windows look out at the ground. Tear down and build up?

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More potential is on offer at 1020 Newton Road ($3.695 million), directly above the Santa Barbara Bowl. (“Enjoy the music from your own home.”) Strip away some of the suburban details and open up the main floor to let in the bonkers view.

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And a few others worth checking out:
••• 272 Sherwood Drive ($2.395 million): Three-bedroom off El Sueno Road; the upstairs entrance is a tricky sell (above).
••• 126 Loureyo Road ($3.495 million): Funky compound on the 101 in Montecito.
••• 2687 Montrose Place ($2.995 million): Appealing spec reno, aside from the tired barn door; the buyer paid $1.474 million in January.
••• 1118 Manitou Road ($2.495 million): 1970s Bel Air Knolls three-bedroom.
••• 250 Santa Catalina Street ($2.375 million): 1,271-square-foot cottage that needs new everything (below). Is $3 million now the entry price for the Mesa?

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Comment:

One Comment

Paul Hurst

Re: 236 Las Entradas, there actually IS quite a bit of usable yard space on the west side of the house, with room for a pool and guest house.

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