NOT LISTED FOR SALE

Estimated Value: $5,720,437

2 Beds
1 Bath
490 Sq Ft
$11,674/Sq Ft Est. Value

Highlights

  • Ocean Front
  • Contemporary Architecture
  • Furnished
  • Updated Kitchen
  • Wood Flooring
  • Central Air

About This Home

As of July 2024

Discover the epitome of exclusivity and seclusion at coveted Padaro Lane. This contemporary beachfront property offers a truly remarkable living experience. As you pass through the gated entry, you'll be welcomed into a stunning beach compound that houses an elegantly remodeled 2 bedroom/1 bath guest house, mere steps to the sand.

Step inside this exquisite home and be greeted by an abundance of natural light that fills the space, accentuating the open beams and tongue and groove wood ceilings. The living room provides the utmost comfort with its spacious layout, complemented by a large sectional and a built-in flat screen TV, creating a perfect setting for relaxation. The generously sized kitchen is a culinary dream, featuring stainless steel appliances, including a dishwasher, gas oven/range, refrigerator, and a charming farmhouse sink. With ample storage space and bar seating, this kitchen caters to both functionality and style.

Embrace the indoor/outdoor living experience as you step onto the expansive Ipe wood deck, where you can bask in the refreshing coastal breeze or savor delightful al fresco dining. This luxurious property has been thoughtfully designed for those who appreciate the beauty of seamless indoor and outdoor living.

Completing the package is a convenient 1-car garage space.
Don't miss this extraordinary opportunity for this exceptional beachfront property. It's a rare gem that promises an unparalleled lifestyle by the sea.

Offered Furnished for Long-Term Lease.

Last Agent to Rent the Property

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 08/01/2023

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 08/01/2023

Berkshire Hathaway HomeServices California Properties
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Home Details

Home Type

  • Single Family

Year Built

  • 1964

Lot Details

  • Ocean Front
  • Gated Home
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • Furnished
  • Combination Kitchen and Dining Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Built-In Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 1 Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Additional Features

  • Property is near an ocean
  • Central Air

Listing and Financial Details

  • Property Available on 4/1/25

Home Details

Home Type

Single Family

Year Built

1964

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: In Kitchen
  • Architectural Style: Contemporary
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Appliances Included Built-In Gas Range: Yes
  • Property Information:Date Available: 2025-04-01
  • Property Information Total Bathrooms2: 1.0
  • Furnishings Fully Furnished: Yes
  • Proximity Near Ocean: Yes
  • Amenities Remodeled Bath: Yes
  • Amenities Remodeled Kitchen: Yes
  • LocationTopo Oceanfront: Yes
  • Dining In Kitchen: Yes
  • HeatingCooling AC Central: Yes
  • FlrWdw Coverings Hardwood: Yes
  • Security Gate Electric: Yes
  • ParkingGarage Gar #13: Yes
  • Laundry In Kitchen2: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1964

Interior Features

  • Appliances: Built-In Gas Range, Dishwasher, Dryer, Refrigerator, Washer
  • Total Bedrooms: 2
  • Appliances Included:Dryer: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Dishwasher: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1

Lot Info

  • Parcel #: 000-000-000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2019
Sold by
Bought by
Current Estimated Value
$5,720,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,525,000
Outstanding Balance
$6,269,547
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$549,110

Purchase Details

Closed on
Mar 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$15,050,000 Chicago Title Company
-- Lawyers Title Company
-- Lawyers Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $7,525,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Rented $7,500 -15.7% --
06/14/2024 06/14/24 Price Changed $8,900 -11.0% $18 / Sq Ft
09/26/2023 09/26/23 Price Changed $10,000 -9.1% $20 / Sq Ft
08/01/2023 08/01/23 For Rent $11,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $69,581 $6,693,109 $5,856,472 $836,637
2025 $68,210 $6,561,873 $5,741,640 $820,233
2023 $68,210 $6,307,069 $5,518,686 $788,383
2022 $65,889 $6,183,402 $5,410,477 $772,925
2021 $64,493 $6,062,160 $5,304,390 $757,770
2020 $63,834 $6,000,000 $5,250,000 $750,000
2019 $13,956 $1,259,195 $1,154,405 $104,790
2018 $13,463 $1,209,998 $1,131,770 $78,228
2017 $13,216 $1,186,274 $1,109,579 $76,695
2016 $12,987 $1,163,015 $1,087,823 $75,192
2014 $12,090 $1,123,108 $1,050,495 $72,613
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-2259

Santa Barbara Multiple Listing Service

APN: 005-400-043

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