Once asking $109M, this California horse ranch will list for $69.95M: ‘The property is priced to sell’

The grandson of a Texas oil tycoon and a Hollywood actress has slashed $40 million off the price of his oceanfront horse ranch with private beach access in Southern California. But it still costs a fortune.

Arthur A. Cameron III is about to list the trophy property in Carpinteria for $69.99 million, Gimme Shelter has learned. The land has been in his family for more than four decades.

This being California, neighbors include Kevin Costner, who has no private beach access, on one side of the bluffs — and, until recently, Ellen DeGeneres on the other.

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Last month, DeGeneres sold her neighboring property — that is also without private beach access — for $96 million to Singapore-based billionaire mining mogul Robert Friedland, chairman of Ivanhoe Mines and a business mentor of the late Steve Jobs. (The sale came two years after she bought it for around $70 million.)

George Lucas, Ashton Kutcher and Mila Kunis, as well as Kourtney Kardashian, all have nearby homes in the Padaro Lane and Montecito areas.

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Cameron, the polo-playing grandson of oil mogul General Arthur A. Cameron and Hollywood actress Kay Aldridge, had first listed the bluffside property, known as Rancho Cariñoso, with different brokerages two years ago — for an eye-popping $109 million.

Back then, it was one of the top 20 most expensive listings in the world, according to reports. Today, it’s still one of the last oceanfront horse ranch estates on the Southern California coast, and the only one along the Padaro Lane bluffs with private beach access.

The new listing broker is Amanda Lynn, of Nest Seekers International, and star of the hit Netflix reality series, “Selling Sunset.” On the East Coast, Dylan Eckardt, star of Max’s “Selling the Hamptons,” is serving as marketing strategist for the New York market.

“The property is priced to sell,” Eckardt said, adding that the area is private, unlike Malibu where “100 people” can be walking outside your beach house. “This is ‘Gilligan’s Island’ meets ‘Lost Boys.’ You can ride your horse to the beach, wade in the water knee deep and catch five lobsters with your hands in 2 minutes.”

Added Lynn: “Dylan and I both grew up on the beach [Montauk and Florida]. This is really about selling the dream to someone who can create whatever they want here.”

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The compound sits on 4.21 acres. Cameron built the modest ranch home on the land in 2014. The original Padaro Lane property of nearly 28 acres was purchased by his late father, also known Artie Cameron, in 1978 for $1 million and was then locked in a living trust.

While Cameron retired his polo ponies to his 377-acre ranch north of Santa Barbara, he still brings them by to ride on the beach.

“This world-class legacy property is unlike anything else on the market today,” Cameron said in a statement. “It’s an equestrian and oceanfront oasis, where you can enjoy everything from horseback rides on the beach to private surf breaks and yacht docking right in front of your home. There’s simply no comparison … Both my grandfather and father had an eye for truly exceptional real estate. None hold quite the same magic as Rancho Cariñoso.”

A long driveway with mature trees leads to home — a 2,500-square-foot single-story spread with three bedrooms, 3.5 baths and lots of windows to showcase the views. The property also includes a 2,000-square-foot detached garage that holds five cars, a beach cabana — plus plenty of room to add a 10,000-square-foot home, a pool and zoning for nine horse stables.

One of the unique features of the home is a private horse trail that leads to the beach. There’s also a deep water dock for yachts to anchor outside the home, and lobster fishing. Outdoor enthusiasts will also enjoy the property’s hiking trails and access to ATV driving, say Eckardt and Lynn.

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