Pebble Beach Spring 2017

TIM

ALLEN

P R O P E R T I E S

BOOK T H E PE B B L E B E AC H LOT S .CO M

PHASE II LOTS

Pebble Beach Company’s 90 residential lots that will be coming to market in the next few years as well as Phase I that is curertnly being offered.

Sneak peek of Phase II lots that will offered by Pebble Beach Company.

PHASE I LOTS Phase I lots offered by Pebble Beach Company are available with 12 left to purchase. All lots are located on the back and front nine of the newly renovated Poppy Hills Golf Course.

FIND THE PERFECT HOME With pages of great properties to choose from your perfect home could be just a page flip away. View all our discreetly available listings along with properties that are currently available for sale.

S P R I N G 2 0 17 I S S U E#

“Tim Allen Properties Book” - Spring 2017 By: Tim Allen Properties

Design and Layout: Melinda Szilagyi :: melinda@timallenproperties.com Writers and Editors: Jan WIlliams :: jan@janwilliams.com Mark Lord :: mark@timallenproperties.com Nicholas Kinion :: nick@timallenproperties.com

Carmel Market Data: Source of data that was used for the Carmel market analysis was provided by MLSListings Inc.

Copyright © 2017

Tim Allen Properties

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without the written permission from Tim Allen Properties. You may obtain copies, printed or electronic versions of this book by request.

Printed in USA :: Spring 2017 Edition

02 03 2017

CONTENTS

About Pebble Beach Company

5

About The Pebble Beach Lots

6

Phase II - Indian Village Lots

7

Phase I Lots

12

Preview of Remaining Phase II Lots Update on Lot Progress

22 24

Ocean View Properties

26

Carmel Properties

30

Peninsula Properties

36

ABOUT PEBBLE BEACH COMPANY

Pebble Beach Company, headquartered in Pebble Beach, CA, owns and operates the world-famous Pebble Beach Resorts, including The Lodge at Pebble Beach, The Inn at Spanish Bay, and Casa Palmero. The company also operates four worldrenowned golf courses: Pebble Beach Golf Links, Spyglass Hill Golf Course, The Links at Spanish Bay, and Del Monte Golf Course. Its other famed properties include scenic 17-Mile Drive and The Spa at Pebble Beach, and it annually hosts premier events such as the Pebble Beach Concours d’Elegance, AT&T Pebble Beach National Pro-Am, Callaway Pebble Beach Invitational, Pebble Beach Food & Wine, and Nature Valley First Tee Open at Pebble Beach. Site of the 2019 U.S. Open, Pebble Beach Golf Links has hosted five U.S. Opens, four U.S. Amateurs, two U.S. Women’s Amateurs, one PGA Championship, and numerous other tournaments.

Photo Credit: Joann Dost

PebbleBeach.com | Like us on FaceBook

p e b b l e b e a c h.co m

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“ W E LC O M E TO P E B B L E B E A C H ” THE PEBBLE BEACH LOTS LEGEND I = Phase I Lots (now available)

II = Phase II Lots

(coming in Spring 2017)

III = Phase III

(future release)

IV = Phase IV (future release)

“These 90 estate lots are the last ones that Pebble Beach Company will develop in Pebble Beach” Bill Perocchi, CEO Pebble Beach Company 6

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PHASE II Following the successful turnout of the Phase I parcels with only 12 left of the original 32 lots offered, we are now introducing the beginning of the Phase II lots. These 23 larger

ES C

RO

W

estate parcels will rollout this year starting with the much anticipated “Spyglass 1� Indian Village parcels surrounding Spyglass

the

Hills

world

Golf

renowned

Course.

This

famed course designed by Robert Trent Jones, Sr. has been the setting for golfing drama for 50 years and the majority of the these parcels enjoy

frontage

along

its

famed

fairways. The following pages will give you a quick look at these 10 secluded lots starting with the aerial map that is shown on the right.

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S PYGL A S S 1 INDIAN VILL AGE Ten private parcels on a secluded lane near the north shore of Pebble Beach just off 17-Mile Drive and fronting the sixth and seventh fairways at Spyglass Hill Golf Course. These parcels offer stunning views across the course and beyond to the shores along the Pacific.

1158 DUNES ROAD :: LOT 1 Approx. 0.56 acres • $1,400,000

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116 2 DU NES ROAD LOT 2 :: Offering views of the 6th fairway and frontage on Spyglass Hill Golf Course with glimpses toward the first green from this parcel.

• Approx. 0.60 acres • Offered at $1,450,000

116 6 DU NES ROAD LOT 3 :: On the 6th fairway as it approaches the first bunker sits this forested parcel with southern exposure just up the road from Indian Village.

• Approx. 0.60 acres • Offered at $1,550,000

1170 DU NES ROAD LOT 4 :: On 6th fairway midway between the tee and the flag looking South toward filtered views of the 1st fairway and within sounds of the sea.

• Approx. 0.60 acres • Offered at $1,700,000

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1174 DU NES ROAD LOT 5 :: Views over 6th fairway bunker at Spyglass Hill Golf Course with pleasant southern and western vista.

• Approx. 0.62 acres • Offered at $1,700,000

1178 DU NES ROAD LOT 6 :: With some of the best views to the south and west this larger parcel juts nicely into the course as the 6th fairway nears the green.

• Approx. 0.81 acres • Offered at $2,300,000

118 2 DU NES ROAD LOT 7 :: Front row view to the Flag on the 6th hole and vistas to the 1st fairway plus filtered glimpses to the ocean horizon through the pines.

• Approx. 0.82 acres

• SALE PENDING

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118 6 DU NES ROAD LOT 8 :: Overlooking the 6th green at Spyglass Hill Golf Course this larger parcel also boasts generous frontage on the 7th fairway.

• Approx. 0.95 acres • Offered at $2,500,000

119 0 DU NES ROAD LOT 9 :: Located just north of the 7th tee on Spyglass Hill Golf Course this half-acre parcel enjoys generous frontage along the fairway.

• Approx. 0.61 acres • Offered at $1,500,000

1194 DU NES ROAD LOT 10 :: This larger parcel at the peaceful end of the road borders forested privacy to the north and enjoys frontage along the 7th fairway of Spyglass Hill Golf Course to the east.

• Approx. 0.85 acres • Offered at $1,500,000

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PHASE I POPPY 1

A cul-de-sac of 16 one-plus acre lots on the back nine of Poppy Hills Golf Course across from the Club House entrance, offering fairway and forested views. All are in close proximity to The Lodge at Pebble Beach, The Beach and Tennis Club and The Spa at Pebble Beach. All lots are located on Poppy Lane with only 3 lots remaining for purchase.

23 POPPY LANE :: LOT 15 Approx. 1.03 acres • $950,000

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31 POPPY LANE LOT 11 :: The frontage of Lot #11 spans the length of the lake on the 10th hole and offers wide, open views of several holes and Huckleberry Hill.

• Approx. 1.01 acres • Offered at $1,200,000

33 POPPY LANE LOT 10 :: Near the end of the cul-de-sac, this lot offers privacy as well as wooded views of the nearby 11th hole and greenside lake to the South.

• Approx. 1.04 acres • Offered at $1,100,000

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PHASE I POPPY 2 Sixteen one-plus acre lots on the front nine of Poppy Hills Golf Course, offering fairway and forested views. All are in close proximity to The Lodge at Pebble Beach, The Beach & Tennis Club, and The Spa at Pebble Beach. The lots are located on Viscaino, Ronda, and Lisbon Court, with 9 available to purchase and 3 coming soon.

1401 VISCAINO ROAD :: LOT 1 Approx. 0.81 acres • $685,000

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14 07 V I S C A I N O R O A D LOT 2 :: Lot #2 is just off the 3rd green and offers panoramic views across the front nine.

• Approx. 1.00 acre • Offered at $1,100,000

1413 V I S C A I N O R O A D LOT 3 :: You can find true 180 degree views of the front nine from this sunny lot adjacent to 4th tee box.

• Approx. 1.00 acre • Offered at $1,300,000

1419 V I S C A I N O R O A D LOT 4 :: This lot looks up the 4th fairway and over to the 5th green all while offering more private golf course frontage.

• Approx. 1.00 acre • Offered at $1,300,000

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14 4 9 V I S C A I N O R O A D LOT 9 :: Lot #9 is an oversized corner lot which offers great design flexibility and golf course entré approaching the 4th green.

• Approx. 1.31 acres • Offered at $1,150,000

14 5 5 L I S B O N C O U R T LOT 10 :: The crown jewel of Poppy 2 is this lot adjacent to the 4th green with premier size, arcing golf course frontage and views down the long 4th hole.

• Approx. 1.56 acres • Offered at $1,700,000

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14 61 L I S B O N C O U R T LOT 11 :: This substantially sized lot is found on the back-half of the 4th green and features views through a greenbelt to the 8th green and fairway.

• Approx. 1.42 acres • Offered at $1,400,000

14 67 V I S C A I N O R O A D LOT 12 :: The corner lot in this new subdivision offers great access and distant second-story views to the Southwest.

• Approx. 1.03 acres • Offered at $950,000

3 971 R O N D A R O A D LOT 13 :: Watch golfers finish out the hole from this lot running up to the 8th green of the brand new Poppy Hills Golf Course.

• Approx. 1.19 acres • Offered at $1,150,000

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POPPY 1 UPDATE ::

The lots are moving; with 13

lots already sold and just 3 Pebble Beach lots available. A new communit y is taking shape with 8 projects underway and 4 under construction. The trending architectural st yle, being developed by the architectural firms of SterlingHuddleson, Adam Jeselnick Architect and Conrad/Asturi, is an exciting blend

CO M I N G S O O N LOT 2 :: 22 Poppy Lane

Dramatic new contemporary home on Poppy Hills Golf Course – Construction to be completed Summer 2017.

CONSTRUCTION UNDERWAY LOT 3 :: 24 Poppy Lane

Alluring. Artistic. Inspired.

Modern 3,948+/- square foot 4 bedroom home with 4 full and 1 half bath, near The Lodge Winter 2017.

20

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of classic but modern design that feels timeless; optimizing light, incredible views and bringing the outdoors in with homes scheduled for completion starting late spring. Stop by for a glimpse of the cool new communit y being born just steps from the Poppy Hills Clubhouse and renowned Porters Grill

CO M I N G S O O N LOT 5 :: 28 Poppy Lane Modern 6,288+/- square foot main residence with 4 bedrooms 4 full and 2 half baths and a 600 square foot guest house with forested views.

CO M I N G S O O N LOT 6 :: 30 Poppy Lane

Contemporary 5,516+/square foot main residence with 4 bedrooms 4 full and a half bath and a 600 square foot guest house with distant ocean views.

thepebblebeachlots.com

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3150 STEVENSON DRIVE :: LOT 8

S PYGL A S S 2 STEVENSON DRIVE AT SPYGLASS HILL Eight parcels located along the front and back nine of Spyglass Golf Course in Pebble Beach varying in size from 0.45 to 0.74 acres offering a combination of fairway and forested views. Just minutes from Monterey Peninsula Country Club and The Lodge at Pebble Beach.

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COMING SOON TO PHASE II

S PYGL A S S 3 SPYGLASS WOODS Five private lots averaging just under an acre each, some with golf course views and some with forested outlooks all are nearby The Lodge at Pebble Beach as well as the Monterey Peninsula Country Club

1086 SPYGLASS WOODS DRIVE :: LOT 1

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Sales Update: January 2017 :: Phase 1 of the Pebble Beach Lot sales have been progressing nicely. To date, Poppy I has 13 of its 16 parcels sold and multiple sites are in development with four homes underway. Here’s a brief rundown: Lot #2 currently well along in the framing process.

Lot #3 construction is underway.

Lots #5 and #6 are weeks away from receiving permits and construction to begin soon after.

Lot #7 construction is nearing completion.

Lot #13 construction is underway.

POPPY II has lots 5,6,7 and 8 in escrow with projects underway on lots 5 and 8 and designs formulated for lots 6 and 7.

Who’s Buying? :: Purchasers come from various backgrounds such as a young Russian entrepreneur, another is a rocket scientist, some buyers are from offshore, another is an architect, a successful Bay Area developer has purchased two, one for himself and one to build and sell, while Tim Allen Properties is developing four lots with construction underway on two.

Architectural firms of Sterling/Huddleson, Conrad Asturi Studios and Adam Jeselnick are early out of the gate with a couple of homes underway that espouse this fresh and updated version of the contemporary style.

POPPY II :: Also exciting is the activity beginning to happen in the areas nearby phase known as Poppy Two with its 13 available building sites.

Thus far the styles of homes in the planning process will be wonderful versions of the time honored traditional Pebble Beach style residence.

Currently owner of two, one acre lots Seven and Eight is Don Tirado who will be building a home for himself and one to sell. Don has been building homes for 20 years and specializes in “Old World Architecture and Mediterranean and Tuscan style homes.” His intention is on starting his two houses this year in mid-summer. Lot Eight will be 5500 square feet including an attached guest suite/casita and Lot Seven will have a 4650 square foot home. Both homes will have three car garages.

Lots Five and Six also have projects in the planning process with designs

by Jon Sather Erlandson that feature Mediterranean elements, utilizing materials salvaged from a classic Pebble Beach Estate, married with modern flair.

W H AT’S TH AT B UZ Z YO U ’ RE H E A RI N G I N TH E FO REST?

How are things shaping up? :: POPPY I, an exciting “development” is in process and a new community is being born. Almost as if to complement the wonderfully received restoration of the Poppy Hills Golf Course two different styles of homes are being planned and built on each of the developments know as Poppy I and Poppy II. Of course numerous types of houses can be planned and built, however thus far the dominant style of homes at Poppy One are a style not seen in traditional Pebble Beach estate properties. The homes are of the upscale modern vane and to have so many lining the fairways of Poppy Hills, they are beginning to make quite a statement.

Soaring spaces, 30 foot high cedar beams with impeccable joinery, open light and bright spaces plus luxurious indoor/outdoor living areas and water features are some of the amenities highlighted in many of these homes. The 24

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What’s the Takeaway? :: The Pebble Beach Company is very happy with the reception the buying public has given this initial phase of its lot sales program and invites the public to see the exciting homes as they take form and complement the beauty and specialness that Pebble Beach is world famous for.

How does Tim Allen Properties see the Market for 2017? :: We keep our eyes on the economic trends globally, nationally and locally and our research tells us that 2017 should be a very good year for buying and selling real estate in California in general and especially the coastal counties from the Bay Area to the north to the Monterey Peninsula in the south.

SPYGLASS 3 :: 1125 SPYGLASS WOODS DRIVE :: LOT 3

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OCEAN VIEW PROPERTIES

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o ce a n v i ew p ro p e r t i e s

C A R M EL H I G H L A N D S Spectacular ocean-view, new construction home is a dream come true. $3,650,000 DISCREETLYAVAILABLE.COM

C A R M EL Jacks Peak main house plus and guest wing, both with spectacular views on fenced 5.5 acres. $3,999,000 HOMECB.COM/520LOMAALTA

o ce a n v i ew p ro p e r t i e s

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IN ESCROW MONTEREY Stunning, high end, turn-key penthouse with panoramic Monterey Bay views is just a stroll to Cannery Row. $850,000 HOM ECB.COM/D R A KE

PEB B LE B E AC H Experience the true lap of luxury; see why…Pebble Beach has but one, ‘Casa Margarita’. $8,950,000 HOM ECB.COM/1531RI ATA

PEB B LE B E AC H Overlooking Stillwater Cove and Carmel Point this magnificent estate is truly what Pebble Beach is all about. $11,500,000 HOMECB.COM/3157PALMERO

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o ce a n v i ew p ro p e r t i e s

BIG SUR Big Sur waterfront parcel where you can enjoy your closest neighbor… the vast Pacific. $4,995,000 HOMECB.COM/36240HW Y1

C A R M EL H I G H L A N D S Ocean view Villa La Corniche on famous Yankee Point Drive with 3,200 SF of living space. $2,395,000 HOMECB.COM/89YANKEE

C A R M EL H I G H L A N D S Coastal Estate above Yankee Point Cove, is where you find the ultimate in coastal living. $6,950,000 HOMECB.COM/174SPINDRIFT

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CA R M EL PROPERTIES

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ca r m e l p ro p e r t i e s

C A R M EL Walk to the village from this delightful home that is one of Carmel’s best values. $825,000 HOMECB.COM/OCEANANDCARPENTER

C A R M EL Framed by a majestic oak and set back from the street the home enjoys privacy and views. $1,490,000 HOMECB.COM/24775VALLEY

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C A R M EL A private 15.4 acre estate site in Tehama with a 1.38 acre building site envelope. $1,650,000 HOMECB.COM/VIAMALPASO

C A R M EL Serenity defined from this private and spacious single-level home on 5 secluded acres. $1,640,000 HOMECB.COM/25101AGUAJITO

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C A R M EL Charming Cape Cod is bright and cheerful and includes separate lot of record. $2,445,000 H O M ECB.CO M /S A N TA R I TA

C A R M EL Both an exquisite contemporary home and a classic guest house on an oversized Carmel lot. $2,295,000 HOMECB.COM/DOLORESAND13TH

C A R M EL New, top quality home… the ”Tide Winds”, steeped in Carmel charm. $2,475,000 HOMECB.COM/DOLORESAND8TH

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C A R M EL Charming rebuilt Craftsman style home on an over-size lot in a quiet location just a stroll to downtown. $2,395,000.

H O M E C B .C O M / T O R R E S

C A R M EL Sophisticated, light and bright, like-new, cottagestyle home just steps to downtown Carmel. $2,695,000 HOM ECB.COM/J U N I PERO A N D8TH

C A R M EL Classic cottage tucked away in a quiet location overlooking Pescadero Canyon with peaks of the ocean. $2,895,000 HOMECB.COM/MONTEVERDE

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ca r m e l p ro p e r t i e s

C A R M EL Beautiful new home in the heart of Carmel offering delightful surprises around every corner. $3,450,000 H O M ECB.CO M /S A N CA RLO S A N D9T H

C A R M EL Three story steel, stone and wood contemporary beach home with views is one of Carmel’s finest. $6,950,000 H O M ECB.CO M /CA R M ELO

C A R M EL Unique is the only way to describe this fantastic, just completed, 2-unit residence in the heart of Carmel-by-the-Sea. $4,750,000 DISCREETLYAVAILABLE.COM

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PENINSUL A PRO PERTI ES

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p e n i n s u l a p ro p e r t i e s

IN ESCROW PAC I FI C G R OV E Just a short stroll from downtown Pacific Grove stands an award-winning example of Victorian architecture. $1,420,000 H O M ECB.CO M /202LO B O S

IN ESCROW PAC I FI C G R OV E On a sleepy lane just a stroll from the ocean and blocks from downtown sits this traditional style three bedroom. $1,400,000 HOMECB.COM/GROVEACRE

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PEB B LE B E AC H The largest lot in the subdivision also comes with fairway-frontage and glimpses of Bird Rock through the trees. $1,495,000 THEPEBBLEBEACHLOTS.COM

PEB B LE B E AC H Spacious one acre gated Manor-style estate located just blocks from The Lodge at Pebble Beach. $3,475,000 HOMECB.COM/1284PORTOLA

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C A R M EL Live in art. Dance under a canopy of stars by night…by day, inhale the kaleidoscope of the California coastline. $9,995,000

Co-Listed: CANNING PROPERTIES GROUP CalBRE#70010029

H O M ECB.CO M /566AG UA J I TO

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“Pebble Beach Company is proud to announce the beginning of its residential lot program. What better way to begin than by offering 32, one-plus acre, estate lots along the fairways of the newly renovated Poppy Hills Golf Course.”

Bill Perocchi, CEO Pebble Beach Company

TIM ALLEN

CalBRE# 00891159 :: c 831.214.1990 TIMALLENPROPERTIES.COM

©2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. All rights reserved. Th is information was supplied by Seller and/or other sources. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction. Real estate agents affi liated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License # 01908304. Pebble Beach®, Pebble Beach Resorts®, Pebble Beach Golf Links®, The Lodge at Pebble Beach™, The Spa at Pebble Beach™, Pebble Beach Concours d’Elegance®, Pebble Beach Food & Wine, The Inn at Spanish Bay™, The Links at Spanish Bay™, Casa Palmero®, Spyglass Hill® Golf Course, Del Monte™ Golf Course, 17-Mile Drive®, The Beach & Tennis Club™, The Lone Cypress™, The Heritage Logo, their respective underlying distinctive images, logos, and golf hole designs are tradearks, service marks, and trade dress of Pebble Beach Company. All rights reserved. ©2014 SM