Sand City Dunes Lots - Development Opportunity

DUNES LOTS OFFERING MEMORANDUM 2.84 acre property with 66 lots of record SAND CITY, CALIFORNIA

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SANDCITYLIVING.COM

CONFIDENTIALITY, TERMS & CONDITIONS The information contained herein is strictly confidential, furnished solely for the purpose of considering the purchase described herein and is not to be used for any other purpose or made available to any other person without the expressed written consent of Tim Allen Properties and Bella Vista Land Advisors (hereinafter “Brokers”). It has been obtained from sources believed to be reliable, but no representation is being made with regard to its accuracy or completeness.

Prospective buyers should undertake their own investigations and reach their own conclusions without reliance upon the material contained herein. Neither the Seller nor Brokers, nor any of their officers, agents or principals makes any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or its contents. Verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Seller and Brokers expressly reserve the right, at their sole discretion, to reject any or all expressions of interest and/or terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase unless and until such offer is approved by the Seller, and any conditions to the Buyer’s obligations there under have been satisfied or waived.

CONTENTS Executive Summary The Property

04

Parcel Maps

06

Overview

10

Potential Development Area Map

12

Beach Proximity Map

14

Lot Specifics

16

Opportunities & Constraints

18

Real Estate Market Overview

20

DBO Project Plans

22

Monterey County Overview

26

City of Sand City

28

Nearby Cities

30

Nearby Attractions

36

About Tim Allen Properties

40

About Bella Vista Land Advisors

42

THE PROPERTY

SANDCITYLIVING.COM

Tim Allen Properties and Bella Vista Land Advisors (as colisting agents) are pleased to present this unique development opportunity of 66 lots of record comprising a total of 2.84 acres located on scenic Highway 1 in Sand City, CA. The properties’ close proximity to the beach, surrounding activity in Sand City, and easy access to Highway 1 to reach all the wonderful amenities of the Monterey Peninsula make this a fantastic chance to participate in the up-and-coming art community of Sand City.

4

PARCEL MAP Lots for Sale

6

PARCEL MAP All Lots

8

OVERVIEW The Sand City Dunes Lots are comprised of 66 lots (46 APNs) totaling 2.84 acres in Sand City, immediately east of Highway 1 and 3 miles east of Monterey.

OPEN SPACE There is expected to be a significant habitat conservation area set aside as permanent open space.

10

LOT YIELD While many of these lots are of a substandard size or width, they can be combined to form 14 SFD lots with minimum size of 3,750 SF and 50’ width. In the alternative, Buyer could propose +-60 duets or townhomes. In addition, an adjacent owner of 40 lots (Wilson) has expressed an interest in selling, and a third owner of 45 lots (Tringale) might also be willing to sell. See Estimated Lot Yield Table on Page 18.

WALKABILITY The East Dunes Area, part of Sand City’s up-and-coming “West End” neighborhood, is very well-located in terms of views, proximity to Monterey Bay, shopping, and entertainment. Many of the homes should have excellent water views, and existing homes in the area are quite attractive. Residents will be able to walk to Lucky’s, CVS, Costco, Home Depot, Starbucks and other retail, as well as being only ¼ mile walk to the beach. In addition, Orosco Development (aka DBO Development) has started construction on their adjacent “West End” project at the corner of Tioga & California, which will consist of a hotel and 356 apartments in two mid-rise buildings.

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NEIGHBORHOOD POTENTIAL DEVELOPMENT AREA

12

BEACH PROXIMITY

East Dunes Area

14

LOT SPECIFICS

16

PARC E L NU MB E R

AD D RESS

SQ FT (EST )

N O. L OTS

011-124-002-000

Beach Way

2 ,2 00

1

011-124-003-000

Beach Way

2 ,2 5 0

1

011-124-004-000

Beach Way

2 ,2 5 0

1

011-124-005-000

Beach Way

2 ,2 5 0

1

011-124-007-000

Beach Way

2 ,2 5 0

1

011-124-018-000

Beach Way

2 ,2 5 0

1

011-125-030-000

Park Ave.

1,875

1

011-125-031-000

Park Ave.

1,875

1

011-125-032-000

Park Ave.

1,875

1

011-125-033-000

Park Ave.

1,875

1

011-125-034-000

Park Ave.

1,875

1

011-125-035-000

Park Ave.

3,75 0

2

011-125-039-000

East Ave.

4,000

2

011-123-109-000

East Ave.

1,875

1

011-125-047-000

East Ave.

1,875

1

011-125-048-000

East Ave.

1,875

1

011-125-049-000

East Ave.

1,875

1

011-125-050-000

East Ave.

1,875

1

011-125-056-000

East Ave.

1,875

1

011-125-057-000

East Ave.

11,2 5 0

6

011-125-058-000

Hwy 1

1,5 00

1

011-125-059-000

Hwy 1

555

1

011-125-060-000

Hwy 1

800

1

011-125-069-000

Hwy 1

3,000

2

011-131-001-000

East Ave.

1,5 00

1

011-131-002-000

Park Ave.

1,875

1

PARC E L NU MB E R

AD D RESS

SQ FT (EST )

N O. L OTS

011-131-003-000

Ocean View Ave.

4,5 00

1

011-131-008-000

Ocean View Ave.

1,875

1

011-131-010-000

Ocean View Ave.

3,75 0

2

011-131-011-000

Ocean View Ave.

1,875

1

011-131-012-000

Ocean View Ave.

1,875

1

011-031-013-000

Ocean View Ave.

1,875

1

011-031-014-000

Ocean View Ave.

3,75 0

2

011-131-022-000

Park Ave.

7,5 00

4

011-131-023-000

Park Ave.

3,75 0

2

011-131-024-000

Park Ave.

1,875

1

011-131-025-000

East Ave.

1,875

1

011-132-004-000

Ocean View Ave.

5 ,2 00

3

011-132-006-000

Ocean View Ave.

800

1

011-133-006-000

Hayes St.

1,875

1

011-133-008-000

Hayes St.

3,75 0

2

011-133-012-000

Fell St.

1,875

1

011-133-013-000

Fell St.

1,875

1

011-133-018-000

Fell St.

1,875

1

011-133-019-000

Fell St.

3,75 0

2

011-181-024-000

Alta St.

6 ,000

2

1 2 3,805

66

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EAST DUNES AREA OPPORTUNITIES & CONSTRAINTS: B A C KG R O U N D :

There are 15 different owners in the East Dunes Area, however three families (Gill, Wilson, Tringale) own the bulk of the lots (see Parcel Map on page 6). Tim Allen Properties and Bella Vista Land Advisors have co-listed the Gill Family properties, which consists of 66 lots (46 APNs) that could yield as many as 14 SFD lots or 60 townhomes. The Wilson Family lots could yield another 14 SFD lots or 35 townhomes. The Tringale/Monterey Fish Company lots could yield 10 SFD lots or 20 townhomes. We envision bringing in an experienced, wellcapitalized builder that would obtain project approvals and then extend streets and utilities to the Gill parcels (and to Wilson and Tringale as well). A community financing district (CFD) could be formed to fund these site improvements, so when any of the non-participating owners decides to build, they would be obligated to reimburse the builder on a prorata basis.

LOT YIELDS

GILL

WILSON

TRINGALE

TOTAL

TOWNHOME LOTS

60

35

20

115

SFD LOTS

14

14

10

38

LAND USE:

The Gill Family lots which are situated within 200’ of Highway 1 are zoned “CZ-EDA” (Coastal Zone East Dunes Area) and the remainder are zoned “R-3”. The CZ-EDA zoning ordinance permits densities from 9-20 du/acre at heights of up to 3 stories/36’. No minimum lot size is mentioned. The R-3 Multifamily zoning allows SFD, Duets and Rowhouses at a maximum height of 36’, but the minimum lot size required to build a home is 3,750 SF. For this reason, the smaller lots (which are 1,875-2,250 SF) will have to be combined in order to be built upon.

The R-3 zoning provides that if the combined lot is at least 3,750 SF, then duets and townhomes can be built at a density of 1 du/1,000 SF. The City does not have an affordable housing requirement. It is important to note that in Sand City, if a project meets the zoning, but the City Council does not support it, they can block a project simply by withholding water, as the City built the desalinization plant and controls all water allocations.

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H A B I TAT C O N S E R VAT I O N A R E A :

The East Dunes area is habitat for protected plants and animals. For their project next door, DBO was required to set aside a habitat conservation area (HCA) in order to obtain project approvals from US Dept. of Fish & Wildlife and CA Dept. of Fish & Wildlife. Chuck Pooler has indicated that these agencies will require additional HCA located adjacent to DBO from any owner in the East Dunes area who wishes to build. The Parcel Map on Page 6 shows a possible outline for the HCA, which would affect Gill, Wilson and Tringale substantially (potentially a 30-40% loss of lots). For this reason, these lots are not included in the lot yield totals on page 18.

CEQA REVIEW:

Small infill projects like this one typically qualify for an “infill” exemption from the California Environmental Quality Act (CEQA), but Chuck Pooler pointed out that projects near protected habitat do not qualify for an infill exemption, so the builder will have to process a Mitigate Neg Dec (MND) or Environmental Impact Report (EIR). This is a large expense for a builder to bear for so few lots, giving Gill, Wilson and Tringale a strong motivation to cooperate. Chuck Pooler made it clear that none of the 15 owners in the East Dunes Area can build a home unless CEQA review is conducted and a habitat conservation area is set aside.

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REAL ESTATE MARKET OVERVIEW RESALE MARKET • The resale market on the Monterey Peninsula has strengthened over the past year at all price points. Area sales have benefited from a low interest rate environment as well as an influx of buyers coming in from outside of the County and perceiving relative value here.

• The total sales volume in the 93955 Zip Code, which encompasses Sand City as well as Seaside, has increased by 70% in the past year and the Median Sales Price in 93955 is up by 21% over the same period. The sales volume in Monterey County for homes in the $1MM to $1.5MM range has increased by over 40% in the past year. During the same period, the sales volume in the $800K to $1MM range has increased by 45% in Monterey County.

• Located in close proximity to the Sand City lots are two developments that have had resales in the past year: • The Del Monte Beach Townhomes, built in 1967, are located on the west side of the Highway, right on the dunes, and consist of 2 bedroom, 2.5 bath townhomes ranging in size from 1,100 to 1,500 SF. There have been two resales in the past year, both at just over $1,000/SF. This location offers easier access to the beach but the buildings are older and dated.

• The Surf Way Condos, located not far from the Sand City lots, are on Del Monte Beach, on the west side of the highway, and offer a mix of unit sizes and views, from smaller, 1 bedroom units around 500 SF, to larger, 2 and 3 bedroom units up to 1,600 SF. These were constructed fifty years ago and there have been a number of sales over the past year in the $650/SF to $1,300/SF range, depending on the views and size.

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NEW HOMES SALES There are a limited number of SFR communities actively selling on the Monterey Peninsula at this time: • Sea Haven, Marina

• Wathen Castanos Homes (Builder/Developer) • 248-acre community approved for 965 homes, less of half of which have been built; • 86 sales over the past 12 months (9/20-9/21) with sales ranging from $740,000 (1,503 SF) to $2,624,000 (3,945 SF) and a very high market absorption rate; • Lot sizes range from 2,633 SF to 16,985 SF; • In comparison to Sand City, the Sea Haven home sites are, on average, larger, but located further away from the main attractions of the Monterey Peninsula and in a less desirable climate.

• The Enclave, Seaside

• Shea Homes (Builder/Developer) • Single-family homes in a gated community ranging in size from ~2,941 SF to ~3,724 SF bordering two championship golf courses, Black Horse and Bayonet; • A total of 26 homes with 6 different floor plans offer 3-4 bedrooms and 3.5-4.5 baths; • There are 13 sold already with prices starting around or just under $2MM; • In comparison to Sand City, The Enclave occupies a higher price point, thus decreasing the pool of potential buyers.

H O M E P R I C E P R OJ E C T I O N S • New developments in and around the Monterey Peninsula are not great in numbers, but given the sales activity of the aforementioned new homes, paired with the healthy resale market and general desirability of the area, we believe there to be a market for these properties in the Mid 1MM range provided a size of approximately 2,500 SF, which would allow for a 3-bedroom house plus a bonus room, or a 4-bedroom house which could be large enough for a family but easily manageable for a lock and leave second home. The neighboring development built by Century Communities had one resale in March of 2021 for $1,230,000; this home was 3 bedrooms, 2.5 baths, and 1,862 SF on a 2,652 SF lot built in 2017.

• If the duet/townhome model is pursued, these properties would not command the same premium as a SFR product, yet would offer a compelling option for active homebuyers in the area looking in the $1MM to $1.3MM range.

There have been two condo sales in Sand City handled by Tim Allen Properties over the past ten months, both built ~15 years ago and offering 2,300 SF with a covered carport, no ocean views and only 2 bedrooms and 2 baths. Both of these properties sold for between $1MM and $1.1MM and were located in a building with other units, with a commercial space occupying the ground floor. We believe that 3-story townhomes in this location, ranging in size from 1,500-2,300 SF (3BR/2.5BA) would sell in the range of $1MM-1.3MM, plus premiums for water views.

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DBO PROJECT PLANS

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MONTEREY COUNTY

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OVERVIEW Monterey County, created in 1850 at the time of statehood, encompasses 3,322 square miles and a population of over 415,000. Salinas, the largest city, is the County seat. The coastline, including Big Sur, State Route 1, and the 17 Mile Drive on the Monterey Peninsula, has made the County world-famous.

The Monterey Peninsula comprises the cities of Monterey, Carmel, Carmel Valley, Pacific Grove, Seaside, Sand City, Del Rey Oaks, Marina and unincorporated areas of Monterey County, including Big Sur and the community of Pebble Beach, home of Pebble Beach Golf Links, arguably the most iconic golf course in the United States.

On a short drive in any direction on the Monterey Peninsula, there are superb destinations to be found.

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EMPLOYMENT Monterey County’s economy is primarily based on agriculture in the Salinas Valley and tourism in the coastal regions. It is home to an extensive array of education and research institutions, and ten military missions. The health care, non-profit, and government sectors are also among the County’s largest business sectors. The California EDD lists the County labor force at 229,300.

AGRICULTURE: Monterey County is one of the nation’s top agricultural producers.

Agriculture is the County’s largest economic and employment sector generating $8.1 billion annually and providing 76,054 jobs.

HOSPITALITY: Tourism is the County’s second largest economic sector attracting

8.4 million visitors and generating $2.7 billion, which supports 24,390 full-time jobs.

Attractions include Big Sur, Pebble Beach, Carmel-by-the-Sea, and the Monterey Wine Country and include nearly 300 special events annually.

EDUCATION, RESEARCH AND MILITARY: The Monterey Bay Area has a strong

concentration of higher education and research institutions, particularly related to foreign language study, marine research, and international policy, with combined annual operating budgets of $1.7 billion, directly employing over 14,000 faculty, staff and researchers with some 79,000 students enrolled annually. The County is home to ten military missions, providing significant local economic benefits.

HEALTH CARE: Monterey County has four hospitals (Natividad Medical Center,

Salinas Valley Memorial Hospital, Community Hospital of the Monterey Peninsula, and Mee Memorial) which generate significant economic benefits to the region. A recent report noted that the region’s hospitals generate an annual economic impact of $2.7 billion, and directly and indirectly support 13,670 jobs.

NON-PROFITS: The non-profit industry in Monterey County plays a vital role in the

community. A recent study reported that the County has over 1,200 registered nonprofits with an economic impact of $1.5 billion, providing over 12,000 jobs.

COUNTY EMPLOYMENT: The County of Monterey is the largest single employer with

5,000 employees and a $1.4 billion budget.

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SAND CITY OVERVIEW The City of Sand City encompasses approximately 350 land acres located on the Monterey Peninsula, approximately 120 miles south of San Francisco. With 1½ miles of coastal frontage along the Monterey Bay, the City lies on the scenic Highway One freeway which bisects the city lengthways from north to south.

Sand City also features the annual West End Celebration an exciting blend of art and industry in a newly transformed area of the City dubbed ‘SoHo West’. The celebration features live music, dance and street performances as well as great food and of course the creative wares of local artists and artisans.

Home of a state-of-the-art reverse osmosis desalination facility and some of the most sustainable building in the state of California, Sand City will surprise you with its unique combination of small town life, 21st Century technology and a unique coastal lifestyle.

A window to the beautiful Monterey coast, Sand City is a green conscious and artistic community that lives, works and plays by the sea. Residents and tourists alike enjoy biking through town or spending the day shopping and visiting one of the local eateries, artists’ studios or magnificent coastal amenities. S O U R C E : S A N D C I T Y . O R G

SCHOOLS Students residing in Sand City will attend Del Rey Woods Elementary School, Seaside Middle School and Seaside High School. School-ratings.com ranked Del Rey Woods Elementary School in the 89.7percentile; Seaside Middle in the 19.8 percentile; and Seaside High in the 71.2percentile. For students who choose not to attend Seaside High, there are a number of college-prep high schools in the area, including The York School in Monterey (8-12); Robert Louis Stevenson School in Pebble Beach (9-12); Santa Catalina School in Monterey (girls 9-12); Trinity Christian High in Monterey (6-12); Notre Dame High in Salinas (9-12); and Palma School in Salinas (6-12).

PA R K S & N AT U R E

EVENTS

Eolian Dunes Preserve Sand City Beach Sand City Art Park

West End Celebration

R E S TAU R A N T S

L O C A L AT T R A C T I O N S

Sweet Elena’s Bakery & Café Post No Bills Craft Beer House Tricycle Pizza Truck –Wood-Fired Pizza Habit Burger

Edgewater Shopping Center Sand Dollar Shopping Center

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MONTEREY OVERVIEW The city of Monterey, founded in 1770, was the capital of Alta California under both Spain (1804 to 1821) and Mexico (1822 to 1836).

Monterey County was one of the original counties of California. Until the 1950s, Monterey was an abundant fishery. Monterey’s present-day attractions include the Monterey Bay Aquarium, Cannery Row, Fisherman’s Wharf, California Roots Music and Arts Festival, and the annual Monterey Jazz Festival.

PA R K S & N AT U R E

SCHOOLS

Jacks Peak County Park Monterey Veterans Memorial Park San Carlos Beach Park El Estero Park Del Monte Beach

Monte Vista Elementary School (public) La Mesa Elementary School (public) Walter Colton Middle School (public) Monterey High School (public) San Carlos Elementary (private)

EVENTS

L O C A L AT T R A C T I O N S

Monterey Jazz Festival Monterey Car Week Red Bull U.S. Grand Prix and Moto GP World Championship California Roots Music and Arts Festival

Monterey Bay Aquarium Cannery Row Fisherman’s Wharf Monterey Museum of Art Whale Watching

R E S TAU R A N T S Chart House Schooners Coastal Kitchen and Bar

Monterey Fish House Montrio Bistro Rosine’s

CARMEL OVERVIEW Carmel-by-the-Sea (often simply called Carmel), was founded in 1902 and incorporated in 1916. Carmel is known for its natural scenery, dog-friendly businesses and rich artistic history. Early on, the City was dominated by artists, and several of the city’s mayors have been poets or actors, including actor-director Clint Eastwood. It’s long been cherished for its scenic coastline, small-town charm and quaint downtown, home to renowned shops, galleries, tasting rooms and cafes.

PA R K S & N AT U R E

SCHOOLS

Carmel River State Beach Devendork Park Picadilly Park Forest Hills Park Palo Corona Regional Park

Carmel River Elementary (public K-5) Carmel Middle School (public 6-8) Carmel High School (public 9-12) Stevenson School (private PK-8) All Saints Day School (private PK-8)

EVENTS

L O C A L AT T R A C T I O N S

Carmel Art Festival Carmel Bach Festival Annual Taste of Carmel Carmel Culinary Week Carmel House & Garden Tour

Carmel Mission Basilica Carmel Beach Point Lobos Downtown Carmel – Ocean Avenue Robinson Jeffers Tor House

R E S TAU R A N T S

ACCOLADES

Aubergine *Awarded a Michelin star Grasings

Forge in the Forest Seventh & Dolores Dametra

Named #2 of The 10 Best Small Cities in America by HuffPost 31

BIG SUR OVERVIEW Big Sur lies just south of the Monterey Peninsula. A land of majestic peaks and serene canyons, magnificent coastline and natural beauty, where rustic inns and world-renowned cuisine meet luxurious, eclectic living and a lifestyle both refined and artistic. This 90-mile stretch of wonder along Highway One, between Carmel and San Simeon, has a cultural imprint that spans generations of influential figures.

PA R K S & N AT U R E

SCHOOLS

McWay Falls Julia Pfeiffer Burns State Park Pfeiffer Beach Garrapata State Park Limekiln State Park Andrew Molera State Park

Captain Cooper Elementary (public K-5) Carmel Middle School (public 6-8) Carmel High School (public 9-12)

EVENTS

L O C A L AT T R A C T I O N S

Big Sur International Marathon Big Sur River Run Big Sur Food & Wine Festival Big Sur Jade Festival

Bixby Creek Bridge Point Sur Lighthouse Henry Miller Memorial Library Esalen Institute

R E S TAU R A N T S Nepenthe Sierra Mar Big Sur Roadhouse

The Sur House Deetjen’s Big Sur Inn Restaurant

PEBBLE BEACH OVERVIEW Pebble Beach’s six thousand plus acres have inspired generations of Monterey Peninsula visitors. Today’s Pebble Beach was the vision of the ‘’Big Four’’ railroad barons, Huntington, Stanford, Hopkins and Crocker, and implemented by Samuel FB Morse, who developed it in to the world-class destination, golf mecca and internationally renowned real estate development we know today. It is indeed a world-class treasure.

PA R K S & N AT U R E

SCHOOLS

Lone Cypress Stillwater Cove Cypress Point Lookout Seal Rock

Carmel River Elementary (public K-5) Carmel Middle School (public 6-8) Carmel High School (public 9-12) Stevenson School (private PK-12)

EVENTS

L O C A L AT T R A C T I O N S

AT&T Pebble Beach National Pro-Am Pebble Beach Concours d’Elegance Pebble Beach Food & Wine Festival Concorso Italiano US Open Golf Championship

17 Mile Drive Lone Cypress Pebble Beach Golf Links Spyglass Hill Golf Course Poppy Hills Golf Course

R E S TAU R A N T S

ACCOLADES

The Bench Roy’s at Pebble Beach Stillwater Bar & Grille

Porter’s in the Forest Peppoli at Pebble Beach

Named America’s Top Golf Resort

by Forbes 33

PACIFIC GROVE OVERVIEW From smallish bayside lots with quaint summer cottages surrounding a thriving traditional downtown shopping district to substantial sized oceanfront estates, Pacific Grove is rightfully proud to boast it is “America’s Last Hometown”.

Pacific Grove citizens and visitors enjoy many nearby amenities including a world-class bayside trail, a top rated municipal ocean-side golf course, great local schools, and a town where most every attraction and need is a stroll away.

PA R K S & N AT U R E

SCHOOLS

Asilomar State Beach Lover’s Point Park Monarch Butterfly Sanctuary Caledonia Park

Monte Vista Elementary School (public) Forest Grove Elementary School (public) Robert Dawn Elementary School (public) Pacific Grove Middle School (public) Pacific Grove High School (public)

George Washington Park Coastal Recreation Trail

EVENTS

L O C A L AT T R A C T I O N S

Feast of Lanterns Good Old Days Celebration Concours Auto Rally Butterfly Days

Point Pinos Lighthouse Monarch Grove Sanctuary Butterfly House Pacific Grove Museum of Natural History

R E S TAU R A N T S

ACCOLADES

Passionfish Il Vecchio Fandango

Red House Café La Mia Cucina First Awakenings

Nicknamed “America’s Last Hometown” and referred to as “Butterfly Town USA”

CARMEL VALLEY OVERVIEW Historically the local “bread basket” of the Monterey Peninsula it was also the playground for early California’s version of the “Rich and Famous”. The valley has perhaps the finest soil, climate and livability in the world.

Many feel its proximity to the Carmel coast, blessed climate and spacious lots make it the ideal place to reside. Carmel Valley village offers world class dining, wine tasting, antique shops and art galleries.

PA R K S & N AT U R E

SCHOOLS

Garland Ranch Regional Park Carmel Valley Community Park Palo Corona Regional Park Arroyo Seco / Los Padres National Forest

Tularcitos Elementary School (public, K-5) Carmel Middle School (public, 6-8) Harmony Home School (preschool) All Saints’ Day School (private, PK– 8)

EVENTS

L O C A L AT T R A C T I O N S

Carmel Valley Fiesta Annual Chili Cook-Off Kiwanis Hoopla Ranch Roundup Party in the Village

Bernardus Winery Folktale Winery Talbott Vineyards Joullian Vineyards Holman Ranch Vineyards

R E S TAU R A N T S Lucia Restaurant and Bar Cafe Rustica

Jeffrey’s Grill The Corkscrew Café ROUX 35

NEARBY ATTRACTIONS

BEACHES

Sand City Beach Monterey State Beach Del Monte Beach Carmel Beach

PACIFIC GRO MONTEREY

SCHOOLS

Del Rey Woods Elementary School Seaside Middle School Seaside High School

AIRPORTS

1

PEBBLE BEACH

Lone Cypr

Monterey Regional Airport

ACTIVITIES & NATURE

CARMEL

Monterey Bay Aquarium Monterey Museum of Art 17 Mile Drive Lone Cypress Pebble Beach Golf Links Carmel Mission Basilica

SHOPPING

Edgewater Shopping Center Sand Dollar Shopping Center Del Monte Shopping Center

BIG SUR

OVE

17 Mile Drive

ress

MARINA

SEASIDE SAND CITY Seaside High School Monterey Bay Aquarium

Edgewater Shopping Center

Sand City Beach

Monterey State Beach Del Monte Beach Monterey Museum of Art

Seaside Middle School

Sand Dollar Shopping Center Dunes Lots Del Rey Woods Elementary School Monterey Regional Airport

Del Monte Shopping Center Pebble Beach Golf Links Carmel Beach

Carmel Mission Basilica

37

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ABOUT TIM ALLEN PROPERTIES

TIM ALLEN 831.214.1990 tim@timallenproperties.com Tim Allen was born and raised on the Monterey Peninsula and has an extensive knowledge of the region. Tim attended local schools such as Stevenson High School, raised his three children in the area and owns homes throughout the Peninsula. Beyond his love for family and real estate, Tim’s other passion is the game of lacrosse. A successful collegiate player himself, Tim has become an avid supporter of the game. The teamwork, skills and overall discipline required to play at a high level have translated to his professional career.

For the past two decades, Tim has been arguably the most predominant and successful real estate agent in the region.

For 2020, Tim was ranked as the #1 Coldwell Banker agent for the Monterey Peninsula, #1 agent for Silicon Valley/Santa Cruz, #1 Coldwell Banker individual agent in Northern California, #3 Coldwell Banker agent in the U.S., and he is consistently ranked in the top .01% of agents worldwide. There is no other agent in the area who will provide you with the local knowledge and global connections that Tim can offer. ​​​​​​​ „Tim is without a doubt one of the most talented and respected luxury real estate professionals in the industry,” said Mike James, president of Coldwell Banker Residential Brokerage. „Year after year, he ranks among the top agents - not just on the Monterey Peninsula, but around the world. We’re very fortunate to have him on the Coldwell Banker team.”

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MARK LORD OFFICE MANAGER A forty-six year resident of the Monterey Peninsula, Mark brings over twenty-five years of construction management and engineering experience to the team. With his extensive experience as the general manager of one of the Monterey Peninsula’s largest construction companies and as the operations manager of a geologic and geotechnical engineering firm, Mark provides a level of experience, knowledge, and managerial skill not found with any other real estate team in the area. Quality service and a total commitment to client satisfaction have been the hallmarks of Mark’s professional career.

JONATHAN BALOG REALTOR With a background in Finance and International Business, Jonathan made the decision to relocate to the lovely Monterey Peninsula in 2014 after attending Temple University. Having been involved in real estate as an enthusiast, he decided to pursue a lifelong dream of selling real estate in 2015 and joined the team in 2016, offering his knowledge of online systems and an unwavering dedication to serve his clients. Jonathan believes the foundation for success is continuing education and is tasked with implementing newer technologies to supplement the success Tim Allen Properties has worked hard for over the past 25+ years.

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ABOUT BELLA VISTA LAND ADVISORS

SAM GREASON ATTORNEY, BROKER, INVESTOR, DEVELOPER 925.890.2757 sam@bellavistalandadvisors.com BROKERAGE EXPERIENCE: As an attorney and commercial real estate broker in Northern California, Sam Greason has specialized in selling land to home builders, apartment builders and land developers in Northern California, closing well over 100 land sales since 1993.

DEVELOPMENT EXPERIENCE: Sam Greason has been involved as

a principal, investor or broker in numerous high-density, transitoriented, mixed-use projects, totaling over 4,000 apartments and 1,000,000 SF of commercial. In partnership with Chop Keenan of Keenan Land Company, Palo Alto, CA (2004-2007), Greason assembled the 2,000-acre River Run master-planned community in San Joaquin County and obtained preliminary entitlements for 9,000-homes. Greason also worked in forward planning and land acquisition for Perma-Bilt Homes, Walnut Creek, CA (1990-1991), where he assembled 500-acre projects in Sacramento, CA and Orting, WA.

LEGAL EXPERIENCE: Greason practiced real estate law in San Francisco and New York, including 3 years with Rubin Glickman & Associates in San Francisco, CA (1991-1993) and 3 years as inhouse counsel for homebuilder/developer Kean Development, Cold Spring Harbor, NY (1986-1989).

EDUCATION: Greason earned a Bachelor of Arts degree (Cum

Laude) from Cornell University in 1981, and his Juris Doctor from NYU Law School in 1984.

AFFILIATIONS: Greason is a non-active member of the California

State Bar and is a real estate broker licensed by the State of California (Samuel Greason IV, Inc. dba “Bella Vista Land Advisors”, DRE #01237277).

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PETER ZOLINTAKIS REAL ESTATE ADVISOR, INVESTOR, DEVELOPER DEVELOPMENT & INVESTMENT EXPERIENCE: In 2017, acted as

majority equity owner and managing member of 960 Atlantic LLC, which purchased 40,000 s.f. office building in Alameda, CA (still owned). In 2013-2017, co-invested with John Malone in over 4,000 apartment units in Austin TX, Denver CO, Long Beach CA, and Seattle WA, (still owned). In 2011, co-invested with John Malone in over 1,000,000 timber acres in Maine and New Hampshire (still owned).

From 2011-Present, lead investor in multiple projects including 4 condos in Walnut Creek; 13 homes in Cupertino; 18-unit condo project in Walnut Creek; 7 homes in Almaden; 7 homes in Saratoga and 29 homes in Healdsburg.

BLAKE WELLEN BROKER ASSOCIATE SMALL BUSINESS & REAL ESTATE EXPERIENCE: 2005-2018 Owner

and General Manager of the Lafayette Car Wash – An awardwinning small business with 60+ employees and over 80,000 customers per year. Recognized by the community and industry year after year for performance excellence and environmental achievements. Over 14 years of expertise in sales and new business development.

Privately invested in, renovated, and marketed residential and commercial real estate since the mid-2000s.

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VISIT SANDCITYLIVING.COM

CONTACT US TIM ALLEN

SAM GREASON

DRE #00891159

DRE #01237277

Team@TimAllenProperties.com

Sam@bvla.net

831.214.1990

925.890.2757

Junipero 2 SW OF 5th,

305 Miller Court

Carmel-by-the-Sea, CA 93921

Orinda, CA 94563