Three Marquee Sales in Pebble this Week

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Big news at the top of the market this week with three marquee sales: we put 3372 17 Mile Drive into escrow (recently reduced list price of $16.9M) and the Beach House compound on Carmel Way that just hit the market at $25M. Additionally, the Cesar Pelli home in Macomber closed escrow this week for $9.5M. That brings the total of $8M+ sales in 2014 to 4 – a great start to the year.

Pebble Beach had 3 new sales and 3 closed escrows this week. In addition to 3372 17 Mile Drive and the Carmel Way Beach House, we also put 1049 Broncho Road into escrow with a list price of $1.55M. Demand continues to be very high for move-in golf properties in the MPCC area. The 3 closed escrows in Pebble this week included the above-mentioned Atalaya that closed for $9.5M, 2852 Forest Lodge Road that closed for $1.445M and 2869 Sloat Road that closed for $731,400.

Carmel had 3 new sales and no closed escrows this week. The new sales included a renovated home on Casanova 3SW of 12th (listed at $2.395M), an older home at Camino Real & Ocean (listed for $1.8M) and smaller home on an oversized lot at Camino Real 3SW of 12th (listed for $1.795M).

Two remarkable properties are coming to the market next week:

  • 1668 Crespi Lane, Pebble Beach – Located along coveted Crespi Lane minutes to both Carmel and The Lodge at Pebble Beach, this newly-built Mediterranean home combines meticulous craftsmanship and stunning views of Carmel Bay and Point Lobos. Comfortable, yet spacious, the home offers 7 suites, including two master suites, one on the main level and one upstairs as well as a dream kitchen, spectacular ocean view office, billiard/recreation room, abundant storage and gracious gardens. $8,950,000
  • 2368 Bay View, Carmel – Ideally located in the highly desirable Carmel Point area, this sophisticated four bedroom beach home captures spectacular ocean views. The stage is set for easy indoor/outdoor living with an open main-level living/dining floor plan, coupled with an ocean-side terrace and backyard terrace with outdoor fireplace. $4,850,000

For more information on these or other off market properties, visit the Discreetly Available section of our website.

Around Town:

5/9 & 5/10 – Carmel the Musical at the Cherry Center for the Arts

5/11 – Mother’s Day

5/15-5/18 – 21st Annual Carmel Art Festival, Sculpture in the Park, Devendorf Park

5/16 – Ferrari Challenge at Laguna Seca

Best,

Mike, Lynn & Jess.