Tim Allen Properties Pebble Beach Co. Book AT&T 2018

TIM ALLEN

P RO P E R T I E S WINTER/SPRING 2018

thepebblebeachlots.com The Pebble Beach Company lots are available with Phase I parcels remaining & Phase II properties now available for showing and reservation.

the MARKET REPORT

the DEVELOPMENT

about TIM ALLEN

Find out what the real estate market is doing with a summation of the last two quarters of 2017 in the Peninsula’s most coveted neighborhoods.

Preview the development progress that is happening now on Poppy Lane, including 32 Poppy Lane available now for puchase.

A background on Tim Allen and his 30+ years of award-winning real estate experience on the Monterey Peninsula.

“Tim Allen Properties Book” - Spring 2018 By: Tim Allen Properties

Design and Layout: Sarah Austin | sarah@timallenproperties.com

Photography: Ron Bird Photography | ron@ronbirdphotography.com [ Excluding copyrighted photos ] Writers and Editors: Jonathan Balog | jonathan@timallenproperties.com Greg Linder | carmelgbl@aol.com

Market Data: Source of data that was used for the market analysis was provided

by MLSListings Inc.

Copyright © 2018

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 2018 Edition

TIM ALLEN P RO P E R T I E S TA B L E O F C O N T E N T S about PEB B LE B E AC H C O MPAN Y

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phase I

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phase II

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the MARKET REPORT

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the DEVELOPMENT

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about TIM ALLEN

BACK

“Following the successful rollout of the Phase I parcels, Pebble Beach Company is delighted to announce the upcoming sale of the Phase II lots. These 23 estate parcels are available now for showing and reser vation, including the much anticipated parcels along the 6th and 7th holes of world renowned Spyglass Hill Golf Course.�

Bill Perocchi, CEO Pebble Beach Company

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A B O U T P E B B L E B E AC H C O M PA N Y

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 Pro-Am, TaylorMade Pebble Beach Invitational presented by Dell EMC, Pebble Beach Food & Wine, and PURE Insurance Championship Impacting The First Tee. 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

a b o u t PE B B L E B E AC H CO M PA N Y

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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 LEGEND I = Phase I Lots (now available)

II = Phase II Lots

(available for reservation)

III = Phase III

(future release)

IV = Phase IV release)

(future

“These 90 estate lots are the last ones that Pebble Beach Company will develop here in Pebble Beach.”

Bill Perocchi, CEO Pebble Beach Company

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T I M A L L E N P R O PE RT I ES

phase I An opportunity we haven’t seen in decades… prime residential parcels in Pebble Beach...are available for sale and they are moving. We ‘carved out’ truly the finest sites for individuals looking to create their own personal masterpiece in a setting and community that is world-renowned. Phase I lots are a stone’s throw to the Poppy Hills Golf Course clubhouse and the critically acclaimed restaurant, Porter’s in the Forest. This is your own personal country club.

The lots that are available for sale: two in Poppy 1, and eight in Poppy 2, are limited and a mustsee. For more information on the remaining Phase I lots as well as Phase II lots available for showing now and reservation, please visit our website.

POPPY 1, LOT 10 33 POPPY LANE | Near the end of the cul-de-sac, this lot offers privacy and wooded views of the nearby 2nd hole and greenside lake to the south. | 1.04 acres | 0.8 ac/ft water allocation $1,100,000 POPPY 2, LOT 2 1407 VISCAINO ROAD | Just off the 12th green and offering panoramic views across the back nine. | Approx. 1.00 acre | $1,100,000 POPPY 2, LOT 10 1455 LISBON COURT | The crown jewel of Poppy 2 is this lot adjacent to the 13th green with premier size, arcing golf course frontage and views down the long 13th hole. | 1.56 Acres | 1 ac/ft water allocation | $1,700,000 8

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t h e PE B B L E B E AC H LOT S

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poppy 1 A cul-de-sac of 16 one-plus acre lots on the front 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. Only two of these lots remain available for purchase.

POPPY 1, LOT 11 31 POPPY LANE | 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 | $1,200,000

t h e PE B B L E B E AC H LOT S

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poppy 2 Sixteen one-plus acre lots are located on the back nine of Poppy Hills Golf Course, offering fair way 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 Road, Ronda Road, and Lisbon Court, with ten available for purchase.

1461 LISBON COURT, LOT 11 This substantiallysized lot is found on the back half of the 13th green and features views through a greenbelt to the 17th green and fairway. | Approx. 1.42 acres | $1,400,000

t h e PE B B L E B E AC H LOT S

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IN ESCR OW

1419 VISCAINO R OAD, LOT 4 This lot looks up the 13th fair way and over to the 14th green all while offering more private golf course frontage.

Approx. 1.00 acre | $1,300,000

3983 R ONDA R OAD, LOT 16 This lot runs right up to the corner of the 18th tee box with views trailing down the fair way to the North.

Approx. 1.00 acre | $1,100,000 14

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1467 VISCAINO R OAD, LOT 12 The corner lot in this new subdivision offers great access and distant second-stor y views to the Southwest and Pt. Lobos.

Approx. 1.03 acres | $950,000

3979 RONDA ROAD, LOT 15 | Lot #15 has tremendous, focused views down the 17th hole with abundant sun settling on the upslope.

1 Acre | $1,200,000

3971 RONDA ROAD, LOT 13 Watch golfers finish out the hole from this lot running up to the 17th green of Poppy Hills Golf Course. | Approx. 1.19 acres | $1,150,000

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3975 R ONDA R OAD, LOT 14 With your feet at green-level, Lot #14 looks over the 17th green to the blue Northern sky beyond the forest.

Approx. 1.00 acre | $1,150,000

1413 VISCAINO R OAD LOT 3 You can find true 180 degree views of the back nine from this sunny lot adjacent to 13th tee box. | Approx. 1.00 acre $1,300,000 16

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1449 VISCAINO R OAD, LOT 9 Lot 9 is an oversized corner lot which offers great design flexibility and golf course entrĂŠ approaching the 13th green.

Approx. 1.31 acres | $1,150,000

IN ESCR OW

1401 VISCAINO ROAD, LOT 1 | This lot features ideal Southwestern sun & is just a short drive to The Lodge, Stillwater Cove & walking distance to Stevenson School. | .81 acres | 0.8 ac/ft water allocation | $685,000

t h e PE B B L E B E AC H LOT S

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IN ESCR OW

PHASE II Spyglass 1 Following the successful rollout of the Phase I parcels, we are delighted to announce the upcoming sale of the Phase II lots. Fifteen of the 23 estate parcels are available for showing and reservation, including three of the much anticipated parcels along the 6th and 7th holes of the world renowned Spyglass Hill Golf Course. This famed course designed by Robert Trent Jones, Sr. has been the setting for golfing drama for over 50 years.

Ten private parcels sit on a secluded lane near the north shore of Pebble Beach just off 17-Mile Drive and in front of the 6th and 7th fairways at Spyglass Hill Golf Course. These parcels offer stunning views across the course and beyond to the shores of the Pacific.

LOT 1 1158 THE DUNES ROAD | With southern and western exposure this half-acre parcel nestled in the dunes features views to the 6th tee and fairway of Spyglass Hill Golf Course. | Approx .56 acres | $1,400,000 18

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LOT 10 1194 THE DUNES ROAD | This larger parcel at the peaceful end of the road borders forested privacy to the north and frontage along the 7th fairway of Spyglass Hill Golf Course to the east.| Approx .85 acres | $1,500,000

IN ESCR OW

LOT 4 1170 THE DUNES ROAD | On the 6th fairway midway between the tee and the flag looking South toward filtered views of the 1st fairway and the Pacific Ocean.

Approx .60 acres | $1,700,000

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LOT 6 1178 THE DUNES ROAD | 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 .81 acres | $2,300,000

LOT 8 1186 THE DUNES ROAD | Overlooking the 6th green at Spyglass Hill Golf Course, this larger parcel also boasts generous frontage on the 7th fairway and expansive views of the Pacific. | Approx .95 acres | $2,500,000

t h e PE B B L E B E AC H LOT S

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LOT 9 1190 THE DUNES ROAD | Located just north of the 7th tee on Spyglass Hill Golf Course, this half-acre parcel enjoys generous frontage along the fairway. | Approx .61 acres | $1,500,000

IN ESCR OW

LOT 2 1162 THE DUNES ROAD | Offering views of the 6th fairway and frontage on Spyglass Hill Golf Course with glimpses toward the first green and the Pacific Ocean. Approx .60 acres | $1,450,000

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COMING TO MARKET

SPRING 2018 Available for Showing Now

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.

t h e PE B B L E B E AC H LOT S

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ES I C N RO W

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LOT 1 3151 STEVENSON DRIVE | Location, value and privacy adjacent to dedicated open space neighboring Spyglass Hill Golf Course. | Approx. 0.74 acres | Offered at $750,000

LOT 2 3159 Stevenson Drive | Large frontage on the 11th fairway with views of the tee box to the south and a short stroll to the green. | Approx. 0.68 acres | Offered at $1,100,000

t h e PE B B L E B E AC H LOT S

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LOT 3 3163 Stevenson Drive | On the dog-leg of Spyglass Hill Golf Course’s 11th fairway plus vistas of the 10th fairway. | Approx. 0.68 acres | Offered at $1,400,000

LOT 4 3167 Stevenson Drive | Generous course views of the “back nine’s” 10th and 11th fairway of Spyglass Hill. | Approx. 0.56 acres | Offered at $1,400,000

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IN ESCR OW

LOT 5 3171 Stevenson Drive | At the finish of the front nine with generous dedicated wooded open space to the east. | Approx. 0.44 acres | Offered at $1,100,000

LOT 6 3158 Stevenson Drive Fronting the 8th fairway, enjoy sounds of the sea and tree filtered vistas of the 7th fairway and ocean. | Approx. 0.52 acres | Offered at $1,300,000

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

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LOT 7 3154 Stevenson Drive| One of the subdivision’s larger lots this parcel juts out to the tee box on Spyglass Hill’s 8th fairway. | Approx. 0.74 acres | Offered at $1,400,000

LOT 8 3150 Stevenson Drive | Wooded views through the oaks to the 8th tee & bordering a dedicated preservation easement enhances the spaciousness & privacy for this parcel. | Approx. 0.65 acres | Offered at $1,500,000

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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.

LOT 1 1086 Spyglass Woods Dr | Near the 12th hole with it’s green-side lake and adjacent to the 13th fairway’s championship tee, this site offers spaciousness as one of the largest lots. | Approx. 0.98 acres | Offered at $975,000

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LOT 2 1082 Spyglass Woods Dr | Enjoy views down the 13th fairway, generous course frontage and southern exposure from one of the subdivision’s largest parcels. | Approx.

0.90 acres | Offered at $1,250,000

LOT 3 1078 Spyglass Woods Dr | Sitting near the 13th tee box enjoy wooded views of the 13th fairway from this oversized lot and the privacy of the adjacent dedicated open space. | Approx. 0.82 acres | Offered at $1,350,000

the M A R K E T R E P O R T

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LOT 4 1125 Spyglass Woods Dr | A quiet and peaceful site located at the end of a cul-de-sac with benefits of adjacent dedicated open space. | Approx. 0.60 acres | Offered at $800,000

LOT 8 3150 Stevenson Drive | Wooded views through the oaks to the 8th tee & along side a dedicated preservation easement enhances a sense of spaciousness & privacy for this parcel. | Approx. 0.65 acres | Offered at $1,500,000

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the market report The areas of Carmel, Carmel Valley, Pebble Beach and Carmel Highlands, with all their varied offerings, continue to be popular markets for people seeking a weekend respite as well as a full-time home to enjoy the many attractions of the Monterey Peninsula. The overall market remains healthy and there has been a slight uptick in sales activity in the latter portion of 2017 compared to the same period in 2016. Combined sales volume for the communities mentioned above was $589,248,436 in the second half of 2017, an increase of 5.4% from the second half of 2016 and the median sales price was $1,210,000, compared to $1,207,000 in 2016.

The number of combined sales for this region totaled 351 in the final two quarters of 2017, an increase of 27 sales versus the same period in 2016. The price per square foot also increased to $769 in the second half of 2017, versus $729 over the same period in 2016. Lastly, the median days on market fell 9 days, to 47, in the second half of 2017 compared to 2016.

Turning our attention to the Pebble Beach market, we found that the sales volume in the final two quarters of 2017 lagged behind that of 2016, at $111M versus 124M, respectively. The median sales price in Pebble Beach in the last two quarters of 2017 was $1,375,000, up from $1,350,000 during the same period in 2016. There were 60 sales in Pebble Beach in the second half of 2017, a decrease of 7 sales compared to the same period in 2016. The price per square foot decreased $40 to $600 in the second half of 2017 versus the same period in 2016. The median days on market remained the same in the last two quarters of 2017 versus 2016, at 47 days.

Tim Allen Properties remains dedicated to providing our clients with the best service available to both successfully market and sell property as well as identify unique buying opportunities on the Monterey Peninsula. We finished out 2017 on a strong note, participating in 57 transactions totaling $156M in sales volume, far outpacing our production in 2016. The market remains active and we are cautiously optimistic as we move through 2018. the M A R K E T R E P O R T

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the DEVELOPMENT Of the 16 parcels that make up Poppy 1, 14 have sold. Five of the lots are under development with the residence on lot 7 currently available (see page 20). Lot 2 is not far behind and will be available in the spring with Lot 3 following in the summer of 2018. Lot 13 is under construction and will be ready for the owner to occupy in the summer of 2018. Lots 5 & 6 have already gone through the planning process and permits have been obtained.

Lots 1, 4, 12, 14 and 15 are all in the approval process with exciting new homes being planned for the near future. Take a drive down Poppy Lane and see for yourself all of the exciting activity and progress.

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CONSTRUCTION C O M P L E T E S P R I N G ' 18

LOT 2 | 22 Poppy Lane Iconic, inspired new Sterling-Huddleson designed Pebble Beach home on the a p proach to Poppy Hills 7th green. An exciting contemporar y approx. 450 0 sq ft home with dramatic soaring ceilings and walls of g l a s s, unique water feature and lap pool off the living room. The home features an open floor plan and s p a cious rooms designed for comfor table indoor outdoor living with 5 bedrooms and 5 full and 1 half bath. Enjoy fair way and forested views. Offered at $6,995,0 0 0.

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LOT 3 | 24 Poppy Lane This home offers an enticing combination of golf course frontage, views and a feeling of privacy. The modern home will offer a 3,948+/square foot main residence with 4 bedrooms 4 full and 1 half bath. The home features an expansive great room with soaring views of the golf course and forest and two master suites.

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CONSTRUCTION C O M P L E T E S P R I N G ' 18

t h e PE B B L E B E AC H LOT S

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CONSTRUCTION S TA R T E D

LOT 5 | 28 Poppy Lane | Situated on a cul-de-sac on the front nine of Poppy Hills Golf Course, Lot 5 is arguably the best lot in the subdivision with expansive views, size and golf course frontage. The modern home will offer a 6,288+/- square foot main residence with 4 bedrooms, 4 full and 2 half baths and a 600 square foot guest house featuring floor to ceiling windows, plentiful indoor and outdoor living spaces, a reflecting pool, open floor plan, and fairway views.

PLANNING APPROVED

LOT 6 | 30 Poppy Lane | With its Southwestern exposure looking across the 5th and 6th holes is situated on a cul-de-sac on the front nine of Poppy Hills Golf Course. The contemporary home will offer a 5,516+/- sq. ft. main residence with 4 bedrooms, 4 full and a half bath and a 600 square foot guest house. Offering concrete and cedar accents, walls of glass, plentiful indoor and outdoor living spaces, pool, open floor plan, and distant ocean views to the West.

featured property 32 Poppy Lane, Pebble Beach timallenproperties.com/32poppylane Presenting an exciting and stylish new Conrad Asturi Studios designed stunningly fresh golf course frontage home on the 5th hole of Poppy Hills Golf Course. This alluring residence boasts 14 foot ceilings, polished aggregate floors, a Corten steel roof, an amazing and voluminous master suite with over-sized dressing room/closet, boulder-lined reflecting pond and fairway front swimming pool, plus wonderful views of the Pacific and sunsets through the pines. Included is a one-of-a kind 424 sq ft separate guest house with rooftop terrace. All this found at the end of a cul-de-sac just a stroll from the Poppy Hills Country Club facilities and its incredible amenities..

Offered at $6,950,000

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COLDWELL BANKER’S

2016

#1 Agent in Carmel #2 Agent in Silicon Valley/Santa Cruz #3 Agent Northern California #7 Agent in North America

about

TIM ALLEN

Specializing in high-end properties with Coldwell Banker Del Monte Realty, Tim has long been known as one of the most successful real estate agents on the Monterey Peninsula. A consistent award winner and ranked in the top 10 Coldwell Banker agents nationwide each year since 1997, he has earned his reputation for his integrity, ethics, and proven results.

Born and raised in the Pebble Beach/Carmel area, Tim has been a full time realtor for over 30 years. He combines passion, talent, work ethic, a powerful network, and teamwork to create a formula of success for thousands of clients. Tim has built his business with great care and attention to a single goal – his client’s total and complete satisfaction.

CalBRE#00891159 c 831.214.1990 TIM ALLENPROPERTIES.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.