Phase I - The Pebble Beach Lots

“ W E LC O M E TO PEBBLE BEACH” THE PEBBLE BEACH LOTS

PHASE I OFFERING BOOK

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A ONCE IN A LIFETIME EXPERIENCE...

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 world-renowned 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,

Photo Credit: Joann Dost

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.

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“ W E LC O M E TO P E B B L E B E A C H ” TH E PEB B LE B E ACH LOTS - PH A S E I

Pebble Beach, with miles of pristine coastline, hundreds of acres of protected forest, and world class golf, dining, and accommodations, is an arrival point, a playground, a retirement opportunity, the perfect second home location, the ultimate lifestyle. Which of these is the real Pebble Beach for you? Pebble Beach was founded almost a century ago with a single, overriding purpose: to create a world renowned residential community and resort destination for generations to enjoy. Known as a mecca of golf, natural beauty, and luxury, Pebble Beach is at the very heart of the Monterey Peninsula. Offering residential living at the highest level, Pebble Beach Company is now embarking on the final phase of the grand concept begun back in 1919 by its founder, Samuel F.B. Morse. After decades of planning, the last chapter in Pebble Beach Company’s land development efforts is about to begin. Ninety new building parcels of varying sizes, locations, view opportunities, and topographies will be coming to market in the next few years. The first phase of this development project are 32 parcels sited along the completely renovated Poppy Hills Golf Course. Originally designed and now restored by famed architect Robert Trent Jones Jr., the 26 year old course underwent a $10 million restoration that was completed in March 2014. Each of the 32 estate lots around Poppy Hills is over one acre and feature beautiful golf course and Del Monte Forest views. Each lot has received at least a 0.8 acre foot water credit from the Company’s water entitlement. These parcels are divided into two areas, Poppy 1 and Poppy 2, with 16 lots in each area.

“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

POPPY HILLS GOLF COURSE Nestled amidst the Monterey pines of Del Monte Forest on the Monterey Peninsula, Poppy Hills Golf Course first opened for play in 1986, and is the home of the Northern California Golf Association (NCGA). It was the first golf course in the United States to be owned and operated by an amateur golf association. In addition to hosting numerous NCGA championships since its opening, Poppy Hills Golf Course cohosted the AT&T Pebble Beach National ProAm with Pebble Beach Golf Links and Spyglass Hill Golf Course from 1991 through 2009. Golf Digest has ranked Poppy Hills Golf Course among the top 20 courses in California, and it is only expected to improve with its recent $10 million restoration.

In the words of its famed architect, Robert Trent Jones, Jr., “A golf course is a work in progress; it ’s really never finished. It is a living organism; it is constantly changing.

The old Poppy Hills has great bones; for the refreshed Poppy Hills…we want to keep some of the character. For those people that have golfed at Poppy Hills for the past 25 years, they will feel familiar with some of the things. Some things will be new. The routing, with the exception of 11 and 12, will remain the same, but we are softening some of the targets off the tees and trying to keep the shot-making— especially the approach

shots into the greens— as challenging as they ’ve always been. She’ll be familiar to those who have played her before, but she’s got a new dress on and she’s very beautiful.”

From the black tees (tips of the original design) several of the holes have been lengthened slightly. Others have been shortened some — most notably the 11th, reduced from a 210yard par-3, to a tightly bunkered, 133-yard challenge with a long, well-bunkered green; and the 12th hole, which has been refined from an awkward dog-leg par-5 of 531 yards to a beautiful par-4 of 415 yards with an exceptional ocean view from the elevated tee. With these changes, the new Poppy Hills Golf Course will be a par 71 of 6,646 yards (vs. the old par 72 of 6,863 yards) from the black tees. However, for the long hitters, there are new gold tees, back of the black tees, that will play to 7,069 yards.

The old Poppy Hills Golf Course had a slope rating of 74.6/144 and the course record of 62 was set by Matt Gogel during the second round of the 2001 AT&T Pebble Beach National Pro-Am.

Lot #7

POPPY 1 PA R C E L S

ti ma l l e n p ro p e r ti es.co m

7

S O LD

S O LD

S O LD S

D L O

SO LD

SO LD

S O LD

SOLD

SOLD SOLD

SOLD

SOLD

SOLD

Lot #5

fro nt n i ne of Po p py H i l l s Go l f Cou rs e a cros s fro m the Cl u b H ou s e e ntra nce, of fe ri n g fa i r wa y a nd fo res te d v i ews. A l l a re i n cl os e p rox i m it y to The Lo d g e at Pe b b l e B e a ch, The B e a ch a nd Te n n i s Cl u b a n d The S p a at Pe b b l e B e a ch.

POPPY 1

A cu l - d e - s a c of 16 o ne - p l u s a cre l ots o n the

LOT 1

20 POPPY LANE

LOT 2

22 POPPY LANE

With the 7th green on its doorstep, this lot offers Western sun and premium golf course frontage.

SO LD

• 1.04 acres • 0.8 ac/ft water allocation • SOLD $985,000

Watch golfers take their approach shots from this lot with views up and down the 16th hole.

• 1.03 acres • 0.8 ac/ft water allocation • SOLD $1,050,000

SO LD

LOT 3

SO LD

24 POPPY L ANE

LOT 4

SO LD

26 POPPY L ANE

This lot offers an enticing combination of golf course frontage, views and a feeling of privacy.

• 1.03 acres • 0.8 ac/ft water allocation • SOLD $1,050,000

Sitting on the 4th tee box, views from this oversized lot extend down the entirety of the 15th hole with peeks of the Pacific.

• 1.30 acres • 1 ac/ft water allocation • SOLD $1,399,500

LOT 5

28 POPPY L ANE

LOT 6

30 POPPY LANE

Lot #5 is arguably the best lot in the subdivision with expansive views, size and golf course frontage.

SO LD

• 1.32 acres • .8 ac/ft water allocation • SOLD $1,570,000

The Southwestern exposure brightens this lot looking across the 5th and 6th holes with distant ocean view windows to the West.

• 1.08 acres • 0.8 ac/ft water allocation • SOLD $1,400,000

SO LD

LOT 7

32 POPPY L ANE

LOT 8

SO LD

34 POPPY LANE

Thrusting out into the midst of the front nine, Lot #7 provides immense golf course frontage and 180 degree views of golf and far off blue water.

• 1.00 acre • 0.8 ac/ft water allocation • SOLD $1,575,000

The largest lot in the subdivision also comes with fairway frontage and glimpses of Bird Rock through the trees.

• 1.47 acres • 1 ac/ft water allocation • SOLD $1,400,000

LOT 9

35 POPPY LANE

LOT 10

33 POPPY LANE

Lot #9 is a sloping lot which provides long views over the 13th green to the immediate North, and forested views of the 11th and 12th holes as well.

• 1.17 acres • 0.8 ac/ft water allocation • SOLD $1,200,000

Near the end of the cul-desac, this lot offers privacy as well as wooded views of the nearby 2nd hole and greenside lake to the South.

• 1.04 acres • 0.8 ac/ft water allocation • Offered at $1,100,000

SO LD

L O T 11 L O T 12

SO LD

31 P O P P Y L A N E The frontage of Lot #11 spans the length of the lake on the 1st hole and offers wide, open views of several holes and Huckleberry Hill.

• 1.01 acres • 0.8 ac/ft water allocation • Offered at $1,200,000

29 POPPY LANE Perched at the top of a slope, this lot sits just off the 1st fairway looking over the lake to a beautiful golf setting, Huckleberry Hill and sights of Monterey Bay in the distance.

• 1.00 acre • 0.8 ac/ft water allocation • SOLD at $1,125,000

L O T 13

27 P O PP Y L A N E

L O T 14

25 POPPY L ANE

From your second story on Lot #13, you will enjoy views up and down the sloping 10th hole and peeks of far off Monterey Bay to the North.

• 1.08 acres • 0.8 ac/ft water allocation • SOLD $925,000

A good drive from the 1st tee box and permit ready for a 3500 sq ft residence.

• 1.03 acres • 0.8 ac/ft water allocation • Re-sale at $975,000

SO LD

LO T 15

SO LD

23 POPPY L ANE

L O T 16

SO LD

21 P O P P Y L A N E

Lot #15 is a gently sloping lot with the opportunity for nice, long views of the 10th hole that are even better from the second level.

• 1.03 acres • 0.8 ac/ft water allocation • Offered at $950,000

Find views from this lot looking up the 10th hole as golfers begin the back nine at the nearby 10th tee box, and just a short stroll to the Clubhouse.

• 1.04 acres • 0.8 ac/ft water allocation • SOLD $860,000

Lot #11

POPPY 2 PA R C E L S

ti ma l l e n p ro p e r ti es.co m

19

POPPY 2

Lot #14

S i x te e n o ne - p l u s a cre l ots o n the b a ck n i ne of Po p py H i l l s Go lf Cou rs e, of fe ri n g fa i r wa y a nd fo res te d v i ews. A l l a re i n cl os e p rox i m it y to The Lo d g e at Pe b b l e B e a ch, The B e a ch & Te n n i s Cl u b, a n d The S p a at Pe b b l e B e a ch.

ING CO M N SOO COMING SOON COMING SOON

SOLD SOLD SOLD SOLD ES C R O

ESCROW

W

LOT 1

14 01 V I S C A I N O R O A D

LOT 2

14 07 V I S C A I N O R O A D

This lot features ideal Southwestern sun and is just a short drive to The Lodge and Stillwater Cove.

• 0.81 acres • 0.8 ac/ft water allocation • Offered at $685,000

Lot #2 is just off the 12th green & offers panoramic views across the back nine.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,100,000

IN ESCROW

LOT 3 LOT 4

IN ESCROW

1413 V I S C A I N O R O A D

1419 V I S C A I N O R O A D

You can find true 180° views of the back nine from this sunny lot adjacent to 7th tee box.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,300,000

This lot looks up the 13th fairway & over to the 14th green all while offering more private golf course frontage.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,300,000

LOT 5

14 2 5 V I S C A I N O R O A D

LOT 6

14 31 V I S C A I N O R O A D

Situated along the 13th fairway, wooded golf course views create a sense of one’s own space as well as offering wide access to the course.

SO LD

• 1.00 acre • 0.8 ac/ft water allocation • SOLD $1,125,000

Lot #6 runs along the 13th hole approaching the first dogleg, providing filtered fairway views & a greenbelt buffer from the course.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,200,000

SO LD

LOT 7

SO LD

14 37 V I S C A I N O R O A D

LOT 8

SO LD

14 4 3 V I S C A I N O R O A D

This flat lot is equipped with private views through the trees of the 13th fairway with abundant space.

• 1.00 acre • 0.8 ac/ft water allocation • Sold at $1,175,000

An acre of gently rolling forest creates an opportunity for great privacy & an expansive backyard for this lot along the course.

• 1.00 acre • 0.8 ac/ft water allocation • SOLD $1,060,000

LOT 9

14 4 9 V I S C A I N O R O A D

LOT 10

14 5 5 L I S B O N C O U R T

Lot #9 is an oversized corner lot which offers great design flexibility and golf course entrée approaching the 13th green.

• 1.31 acres • 0.8 ac/ft water allocation • Offered at $1,150,000

The crown jewel of Poppy 2 is this lot adjacent to the 13th green with premier size, arcing golf course frontage & views down the long 13th hole.

• 1.56 acres • 1 ac/ft water allocation • Offered at $1,700,000

L O T 11 L O T 12

14 61 L I S B O N C O U R T This substantially sized lot is found on the back-half of the 13th green, and features views through a greenbelt to the 8th green and fairway.

• 1.42 acres • 1 ac/ft water allocation • Offered at $1,400,000

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

• 1.03 acres • 0.8 ac/ft water allocation • Offered at $950,000

L O T 13

3 971 R O N D A R O A D

L O T 14

3 975 R O N DA R OA D

Watch golfers finish out the hole from this lot running up to the 17th green of the brand new Poppy Hills Golf Course.

• 1.19 acres • 0.8 ac/ft water allocation • Offered at $1,150,000

With your feet at green-level, Lot #14 looks over the 17th green to the blue Northern sky beyond the forest.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,150,000

COMING SOON

LO T 15

COMING SOON

3 97 9 R O N D A R O A D

L O T 16

COMING SOON

3 9 8 3 R O N DA R OA D

Lot #15 has tremendous, focused views down the 17th hole with abundant sun settling on the upslope.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,200,000

This lot runs right up to the corner of the 18th tee box with views trailing down the fairway to the North.

• 1.00 acre • 0.8 ac/ft water allocation • Offered at $1,100,000

“ 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

T I M A L L E N CalBRE#00891159 c 831.214.1990 TIMALLENPROPERTIES.COM ©2017 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. This 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 affiliated 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 trademarks, service marks, and trade dress of Pebble Beach Company. All rights reserved. ©2017 updated: 12 05 15 SM