Pages of TAP AT&T Book 2019

TA B L E O F CO N T E N TS

2 about PEBBLE BEACH COMPANY 4 Th e Duke of Del Monte

6 OVERVIEW 8 PHASE I Poppy 1 Poppy 2 Development 30 PHASE II The Dunes Road Stevenson Drive Spyglass Woods 42 FEATURED PROPERTIES 47 MARKET REPORT BACK COVER about TIM ALLEN

“Pebble Beach Company is delighted with the result s of it s lot sales program. Following the successful rollout of the Phase I parcels around Poppy Hills Golf Course, the Company released for sale 2 3 lot s around Spyglass Hills Golf Course in April 2018. The initial response has been out standing with 12 Spyglass lot s already sold or in escrow.�

Bill Perocchi, CEO Pebble Beach Company

2

T I M A L L EN PR O PER T I E S

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, 2023 U.S. Women's Open and 2027 U.S. Open, Pebble Beach Golf Links has hosted five U.S. Opens, five 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

ab o u t PEB B L E B E ACH CO M PA N Y

3

"THE DUKE OF DEL MONTE" Samuel F.B. Morse

Affectionately known as "The Duke of Del Monte," Samuel F.B. Morse founded what would become the Pebble Beach Company in 1919, and was its faithful steward for the next 50 years.

But it started with a risk. Morse, a distant cousin of the telegraph inventor and a member of the secretive Skull and Bones society, was also an All-American football player at Yale who captained an undefeated 1906 team. So he wasn't afraid to call an audible when he was asked to liquidate the land holdings of Pacific Improvement Company in the area known as Pebble Beach.

Morse decided to buy the land himself. His vision for Pebble Beach was different than what Pacific Improvement Company had in mind. Morse wanted to preserve "His vision for Pebble Beach the coastline, so that the public was different than what Pacific could enjoy it – forever. Rather than dice up the prime real estate for a Improvement Company had in select few homes, Morse wanted to mind. Morse wanted to preserve create an ocean-fronting golf course available to all. That's how Pebble the coastline, so that the public Beach Golf Links was born.

could enjoy it – forever."

Morse maintained this philosophy throughout his life. Today, the shores of Pebble Beach are lined by golf courses and 17-Mile Drive, while homes are located on higher ground overlooking incredible scenery.

Morse led his company from 1919 until his death in 1969, just three years before another dream was realized – Pebble Beach hosting a U.S. Open.

4

T I M A L L EN PR O PER T I E S

“ W ELCO M E TO PEB B L E B E AC H ” THE PEBBLE BEACH LOTS 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.

LEGEND

I = Phase I Lots (now available)

II = Phase II Lots (now available)

III = Phase III

(future release)

IV = Phase IV

(future release)

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

Bill Perocchi, CEO Pebble Beach Company

6

T I M A L L EN PR O PER T I E S

PHASE I 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: one in Poppy 1, nine in Poppy 2, are limited and a must-see. For more information on the remaining Phase I lots as well as Phase II lots available now, please visit our website ThePebbleBeachLots.com.

POPPY 2 LOT 2, 1407 Viscaino Road | $1,100,000 Just off the 12th green and offering panoramic views across the back nine. | Approx. 1 acre POPPY 2 LOT 10, 1455 Lisbon Court | $1,700,000 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

8

T I M A L L EN PR O PER T I E S

PH A S E I

9

SOLD SOLD SOLD SOLD PERMITTED TO BUILD

UNDER CONSTRUCTION

11 SO LD

SOLD

UNDER CONSTRUCTION

UNDER CONSTRUCTION

SOLD

HOME AVAILABLE

SOLD

SOLD

SOLD

POPPY 1 A cul-de-sac of 16 one-plus acre lots are located on the front nine of Poppy Hills Golf Course across from the Club House entrance, offering fairway and forested views. All lots are located on Poppy Lane in close proximity to The Lodge at Pebble Beach, The Beach and Tennis Club and The Spa at Pebble Beach. One lot remains available. It is worth a trip to Poppy Lane to see the progress of the building, as well as 22 Poppy Lane which is available now for purchase. See page 30 for more details on the development.

POPPY 1 LOT 11, 31 Poppy Lane | $1,200,000 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

PH A S E I

11

16 15 14

11 10 IN ESCROW UNDER CONSTRUCTION UNDER CONSTRUCTION

SOLD UNDER CONSTRUCTION

SOLD

3 2 SOLD

13 12

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

LOT 11, 1461 Lisbon Court | $1,400,000 This substantially-sized l o t is fou nd on t he back ha l f of t he 13t h g reen a nd feat u re s v ie w s t h rou g h a g reenbelt to t he 17t h green and fair way. | Approx. 1.42 acres

PH A S E I

13

LOT 12, 1467 Viscaino Road | $950,000 The corner lot in this new subdivision offers great access and distant second-story views to the Southwest and Pt. Lobos.

Approx. 1.03 acres

LOT 16, 3983 Ronda Road | $1,100,000 This lot runs right up to the corner of the 18th tee box with views trailing down the fairway to the North. | Approx. 1 acre

14

T I M A L L EN PR O PER T I E S

LOT 15, 3979 Ronda Road | $1,200,000 Lot #15 has tremendous, focused views down the 17th hole with abundant sun settling on the upslope. | 1 Acre

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

PHA SE I

15

LOT 14, 3975 Ronda Road | $1,150,000 With your feet at green-level, Lot #14 looks over the 17th green to the blue Northern sky beyond the forest. | Approx. 1 acre

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

16

T I M A L L EN PR O PER T I E S

IN ESCROW

LOT 9, 1449 Viscaino Road | $1,150,000 An oversized corner lot which offers great design f lexibility & golf course entrĂŠ approaching the 13th green. | Approx. 1.31 acres

PH A S E I

17

the D E V E L O P M E N T Of the 16 parcels that make up Poppy 1, 15 have sold.

Four of the lots are under development with the residence on lot 2 currently available. Lot 3 will be following in the spring of 2019. Lot 13 is under construction and will be ready for the owner to occupy in the spring of 2019. The construction on lot 5 is underway. Lot 6 has permits and is ready to build. 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.

The construction along Viscaino Road has also begun, with Lot 7 1437 Viscaino Road well underway. Look for Lot 5 1425 Viscaino and Lot 8 1443 Viscaino to follow.

ARCHITECTURAL RENDERING

18

T I M A L L EN PR O PER T I E S

ON THE MARKET

POPPY 1 LOT 2, 22 Poppy Lane | $6,995,000 Spectacular new Modern 5-bedroom 5.5-bath home designed by Sterling-Huddleson featuring the finest quality in construction. Built of warm natural materials such as stone, steel, & cedar with walls of glass that open to expansive patios overlooking Poppy Hills Golf Course, and the forest and sea beyond. Ideally located to the beaches, the Lodge and all the amenities the Monterey Peninsula has to offer.

22PoppyLane.com

t h e D E V ELO PM EN T

19

POPPY 1 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 baths. The home features an expansive great room with soaring views of the golf course and forest and two master suites.

22

T I M A L L EN PR O PER T I E S

CONSTRUCTION C O M P L E T E S P R I N G ' 19

t h e D E V ELO PM EN T

23

CONSTRUCTION U N D E R WAY

POPPY 1 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 f loor to ceiling windows, plentiful indoor and outdoor living spaces, a ref lecting pool, open f loor plan, and fairway views.

READY TO BUILD

POPPY 1 LOT 6, 30 Poppy Lane | With its Southwestern exposure looking across the 5th & 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 one half baths & a 600 square foot guest house. Offering concrete & cedar accents, walls of glass, plentiful indoor and outdoor living spaces, pool, open f loor plan, and distant ocean views to the West.

POPPY 2 LOT 7, 1437 Viscaino Road | $6,275,000 Rich in the tradition of the old-world genera, this new and authentic Mediterranean-style home on one acre, makes an impressive statement of luxury and design. Situated on the 13th fairway of Poppy Hills Golf Course, this spacious 5228 square foot, single-level home blends past and present with rich textures and architectural details. From the delightful ensemble of arched windows and entryways, beamed ceilings, and Alder wood cabinetry, to the stone f loors, French doors and 12-foot ceilings, this magnificent home personifies the merging of old world skills and talents in the creation of a modern day architectural splendor.

This pristine 5-bedroom and 5½-bathroom home with 3-car garage also features an Alder wood library with a labyrinth ceiling and French doors that lead out to a tiled courtyard with decorative wrought iron. The chef ’s kitchen artfully merges tumbled marble and granite with custom cabinetry and stainless-steel appliances. Relax in this gorgeous setting amongst a beautiful golf course landscape. The rear yard covered loggia with travertine patio and steps provide serene outdoor living. Located 6/10ths of a mile from Pebble Beach Lodge and restaurants.

1437ViscainoRoad.com

28

T I M A L L EN PR O PER T I E S

PHASE II SOLD

the dunes road

8

Following the successful rollout of the Phase I parcels, we are delighted to announce the release of the Phase II lots.

Eleven of the 23 estate parcels are available for showing.

Only one parcel remains 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.

For more information about the Phase II lots as well as the Phase I lots that still remain, please visit our website ThePebbleBeachLots.com.

SOLD

SOLD SOLD SOLD SOLD SOLD SOLD SOLD

LOT 8, 1186 The Dunes Road | $2,500,000

30

T I M A L L EN PR O PER T I E S

Overlooking the 6th green at Spyglass Hill Golf Course, this larger parcel also boasts generous frontage on the 7th fairway & expansive views of the Pacific. | Approx .95 acres

S P YG L A S S 2 Stevenson Drive at Spyglass Hill These eight parcels located along the front and back nine of Spyglass Golf Course in Pebble Beach vary in size from 0.45 to 0.74 acres and offer a combination of fairway and forested views, just minutes from Monterey Peninsula Country Club and The Lodge at Pebble Beach. Six of the eight parcels remain available.

SOLD

SOLD

LOT 2, 3159 Stevenson Drive | $1,100,000 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

PH A S E I I

33

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

34

T I M A L L EN PR O PER T I E S

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

LOT 7, 3154 Stevenson Drive | $1,400,000 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

PH A S E I I

35

LOT 4, 3167 Stevenson Drive | $1,400,000 Generous course views of the 10th and 11th fairway of Spyglass Hill Golf Course. | Approx. 0.56 acres

36

T I M A L L EN PR O PER T I E S

LOT 8, 3150 Stevenson Drive | $1,500,000 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

PH A S E I I

37

IN ESCROW

38

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

SPYGLASS 3 Spyglass Woods The Spyglass Woods lots include five private parcels 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, 1070 Spyglass Woods Dr | $975,000 Near the 12th hole with it’s green-side lake & adjacent to the 13th fairway’s championship tee, this site offers spaciousness as one of the largest lots. | Approx. 0.98 acres

PH A S E I I

39

IN ESCROW

LOT 5 1121 Spyglass Woods Dr | $700,000 A gently sloping half acre parcel near dedicated open space and one of the subdivision's best values | Approx. 0.5 acres

LOT 3 1062 Spyglass Woods Dr | $1,350,000 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

40

T I M A L L EN PR O PER T I E S

LOT 2 1066 Spyglass Woods Dr | $1,250,000 Enjoy views down the 13th fairway, generous course frontage and southern exposure from one of the subdivision’s largest parcels. | Approx. 0.90 acres

LOT 4 1125 Spyglass Woods Dr | $800,000 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

PH A S E I I

41

F E ATU R E D PROPERTIES

San Carlos 4SW of 9th, Carmel | $3,495,000 Fully renovated home in prime location featuring an open f loor plan and fine attention to detail SanCarlos4SWof9th.com

72 Fern Canyon Rd, Carmel Highlands | $16,950,000 Masterpiece estate on 14 acres featuring a main house & three guest houses with ocean views, swimming pool, wine cellar, tennis court and more making it an ideal family compound or artist’s retreat | 72FernCanyonRoad.com 42

T I M A L L EN PR O PER T I E S

3930 Ronda Rd, Pebble Beach | $15,950,000 European-inspired estate on 1.53 acres with beautifully manicured grounds, views of Point Lobos, outdoor kitchen, wine cellar, game room with full wet bar, 2-bedroom 2-bath guest house, and so much more | 3930RondaRoad.com

164 Spindrift Rd, Carmel Highlands | $11,000,000

Carmelo 4 SE of Ocean, Carmel | $6,995,000

Oceanfront home privately located in a cove featuring views of Point Lobos and the rocky coastline & a private beach

Grand beach house close to town featuring seven bedrooms, ocean views, and outdoor fireplace with full wet bar

164SpindriftRoad.com

Carmelo4SEofOcean.com f e ature d p ro p e r t i e s

43

2337 Stewart Way, Carmel | $4,895,000

26317 Scenic Road, Carmel | $6,750,000

Spacious beach house on Carmel Point featuring peeks of Point Lobos, Santa Lucia mountains, and the historic Tor House

Stone home on a 7,400 sq ft corner lot with ocean views & one-of-a-kind opportunity. Adjacent lot also available.

2337StewartWay.com

26317ScenicRoad.com

3200 17 Mile Dr, Pebble Beach | $25,000,000 Classic Sunset Point estate on 5.46 acres with views to Cypress Point to the north and Point Sur to the South with the adjacent 4 acre lot also available for $7,950,000 3200SeventeenMileDr.com 44

T I M A L L EN PR O PER T I E S

3208 Stillwater Ln, Pebble Beach | $16,900,000 Remodeled Mediterranean villa on the 16th fairway of Pebble Beach Golf Links walking distance to the Lodge & Beach Club featuring views of Stillwater Cove and Carmel Bay beyond 3208StillwaterLane.com

34 Rancho Rd, Carmel Valley | $2,495,000

San Carlos 3 SE of 7th, Carmel | $2,995,000

Renovated California Mission-style adobe on 1.4 acres surrounded by valley views

New luxury condo in the heart of the village with elegant finishes & attention to detail with unit 2 available for $1.895M

34RanchoRoad.com

1SanCarlos3SEof7th.com fe a t u re d p ro p e r t i e s

45

3892 Ronda Rd, Pebble Beach | $4,950,000

3533 Lazarro Dr, Carmel | $2,550,000

Craftsman-style home in a garden setting featuring views of Point Lobos and a separate guest house

Newly renovated single-level Hatton Fields home featuring an open concept and views of the Santa Lucia Mountains

3892RondaRoad.com

3533LazarroDr.com

3280 Macomber Dr, Pebble Beach | $5,800,000

26185 Dolores St, Carmel | $3,595,000

One-of-a-kind sustainably-built Contemporary home featuring views of Pescadero Point and beyond

Mid-century Modern home on Carmel Point with views of Point Lobos and separate guest suite

3280MacomberDr.com

26185Dolores.com

46

T I M A L L EN PR O PER T I E S

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 remained healthy with a slight uptick in sales activity in the second half of 2018 compared to the same period in 2017, at $577M and $556M respectively. The combined sales in December 2018 fell by almost 50% compared to December 2017, likely a negative externality from the recent stock market decline. The median sales price rose by more than 10%, to just over $1.386M in the second half of 2018, compared to $1.241M in the second half of 2017.

The number of sales for this combined region totaled 281 in the last two quarters of 2018, a decrease of 48 sales versus the same period in 2017. The average price per square foot experienced a significant increase to $843 in the second half of 2018 versus $763 over the same period in 2017. Lastly, the median days on market fell 7 days, to 37, in the second half of 2018 compared to 2017.

Turning our attention to the Carmel market, we found that the sales volume in the last two quarters of 2018 was virtually identical to the same period in 2017, at just short of $308M. The median sales price in Carmel in the last two quarters of 2018 was $1,394,500, up from $1,270,000 during the same period in 2017. There were 164 sales in Carmel in the second half of 2018, a decrease of 24 sales compared to the same period in 2017. The average price per square foot jumped to $934 in the second half of 2018, up from $864 in the second half of 2017. The median days on market fell to just 28 days in the last two quarters of 2018, a decrease of 26 days compared to the same period in 2017.

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 2018 with a record year, participating in 85 transactions totaling over $300 Million in sales volume, far outpacing our production in 2017 and placing Tim at #1 Coldwell Banker realtor for Northern California. the M A R K E T R E P O R T

47