TAP Pebble Beach Lots Book

S U M M E R / FA L L 2 0 1 8

thepebblebeachlots.com The Pebble Beach Company lots are available with Phase I parcels remaining & Phase II parcels newly released to the market.

the MARKET REPORT

the DEVELOPMENT

about TIM ALLEN

Find out what the real estate market is doing with a summation of the first two quarters of 2018 in the Peninsula’s most coveted neighborhoods.

Preview the development progress that is happening now on Poppy Lane.

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

“Tim Allen Properties Book” - Summer 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 | Summer 2018 Edition

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

“ Pebble Beach Company is delighted with the results of its lot sales program. Following the successful rollout of the Phase I parcels around Poppy Hills Golf Course, the Company released for sale 23 lots around Spyglass Hills Golf Course in April 2018.

The initial response has been outstanding with 10 Spyglass lots already sold or in escrow.�

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, 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

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 (now available)

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: one in Poppy 1, and ten 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 | 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

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

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SO LD

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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 one 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

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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.

LOT 11, 1461 Lisbon Court | This substantially-sized l o t 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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LOT 12, 1467 Viscaino Road | The corner lot in this new s ubdivisio n o f f er s g r ea t a cces s a n d d is t an t second-stor y views to the Southwest and Pt. Lobos.

Approx. 1.03 acres | $950,000

LOT 16, 3983 Ronda Road, This lot runs right up to the corner of the 18th tee box with views trailing down the fairway to the North. | Approx. 1.00 acre | $1,100,000

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

LOT 13, 3971 Ronda Road | 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

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

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LOT 14, 3975 Ronda Road | With your feet at green-level, Lot #1 4 lo o k s o ve r t h e 1 7 t h g r een t o t h e b l u e North ern sky beyond the forest. | Approx. 1.00 acre $1,150,000

LOT 3, 1413 Viscaino Road | 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

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

LOT 9, 1449 Viscaino Road | 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

LOT 1, 1401 Viscaino Road | 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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PHASE II the dunes road Following the successful rollout of the Phase I parcels, we are delighted to announce the release of the Phase II lots. Thirteen 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.

LOT 5, 1174 The Dunes Road | Featuring views over the 6th fairway bunker at Spyglass Hill Golf Course and southern and western ocean vistas. | Approx .62 acres $1,750,000 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

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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

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SOLD

spyglass 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. Seven of the eight parcels remain available.

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

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

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 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

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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 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

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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

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

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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 | 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 | Offered at $975,000

LOT 3 1062 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

LOT 2 1066 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 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

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

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

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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 has been very active with a noticeable uptick in sales activity in the first half of 2018 compared to the same period in 2017.

Combined sales volume for the communities mentioned above was $644,838,246 in the second half of 2017, an increase over 25% from the first half of 2017 and the median sales price was $1,401,000, compared to $1,222,500 in 2017.

The number of combined sales for this region totaled 349 in the first two quarters of 2018, an increase of 17 sales versus the same period in 2017. The price per square foot also increased to $790 in the first half of 2018 versus $720 over the same period in 2017. Lastly, the median days on market rose 6 days, to 53, in the first half of 2018 compared to 2017.

Turning our attention to the Carmel market, we found that the sales volume in the first two quarters of 2018 outpaced that of 2017, at $349M versus $319M, respectively. The median sales price in Carmel in the first two quarters of 2018 was $1,500,000, up from $1,280,000 during the same period in 2017. There were 191 sales in Carmel in the first half of 2018, an slight decrease of just one sale compared to the same period in 2017. The price per square foot increased to $883 in the first half of 2018, up from $839 in the first half of 2017. The median days on market fell to 47 in the first two quarters of 2018, an decrease of seven 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 started out 2018 on a very strong note, participating in 73 transactions totaling $235M in sales volume, far outpacing our production in 2017. 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, 15 have sold. Five 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.

A RCH ITECTU R AL REN DERI NG

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

CONSTRUCTION COMPLETE

LOT 2 22 Poppy Lane | Iconic, inspiring new Sterling-Huddleson designed Pebble Beach home on the approach to Poppy Hills 7th green. An exciting contemporary approx. 4500 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 baths. Enjoy fair way and forested views. | Offered at $7,295,0 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 baths. 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 ' 19

t h e d eve l o p m e nt

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CONSTRUCTION U N D E R WAY

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.

READY TO BUILD

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 one half baths 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.

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featured properties

CARMEL End of Acacia Way | Gated Carmel-bythe-Sea estate on a nearly 3/4 acre lot with two 2-car garages and a quick walk to town. | $5,850,000 AcaciaWayEstate.com

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CARMEL HIGHL ANDS 157 Spindrift Rd | Iconic oceanfront estate with sweeping views of Point Lobos and beyond. | $16,995,000

CARMEL Carmelo 4 SE of Ocean | Grand Carmel beach house featuring ocean views and fun outdoor living. | $7,750,000

157Spindrift.com

Carmelo4SEofOcean.com

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PEBBLE BEACH 3208 Stillwater Ln | Commanding Mediterranean villa featuring golf course and ocean views, wine cellar, pool, and more. | $19,500,000

CARMEL HIGHL ANDS 72 Fern Canyon | Exceptional ocean view estate featuring main house plus three guest houses. | $16,950,000

3208StillwaterLane.com

72FernCanyonRoad.com

PEBBLE BEACH 1143 Porque Lane | Hacienda inspired estate with views of Cypress Point and the Pacific Ocean beyond. | $7,950,000

CARMEL 2848 S anta Lucia Ave | Masterfully built home on Carmel Point with sweeping views of Point Lobos and beyond. | $6,495,000

1143PorqueLane.com

2848SantaLuciaAve.com fe a t u re d p ro p e r t i e s

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CARMEL 26334 Carmelo Street | New home on Carmel Point featuring views of the Santa Lucia mountains. | $8,495,000

PEBBLE BEACH 1138 Por tola Rd | Elegant French Colonial home on a gated 3+ acre lot near Cypress Point. | $5,395,000

CarmelPointPerfection.com

1138PortolaRoad.com

CARMEL 26317 S cenic Road | Stone home on a 7,400 sq ft corner lot with ocean views & one-of-a-kind opportunity. Adjacent lot also available. | $6,750,000

PEBBLE BEACH 3200 17 Mile Dr | Oceanfront Mediterranean estate with ocean views to the North & South. Adjacent lot also available. | $25,000,000

26317ScenicRoad.com

3200SeventeenMileDr.com

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CARMEL 26185 Dolores St | Mid-Centur y Modern Carmel Point home with views of Point Lobos & a separate guest suite. | $3,995,000

CARMEL 26077 S cenic Road | Elegant oceanfront home with sweeping views of Carmel Bay to Pebble Beach. | $10,950,000

26185Dolores.com

SaltAireOnScenic.com

PEBBLE BEACH 1545 Venadero Road | One-of-a-kind Contemporar y home with spacious indoor outdoor living close to the lodge. | $3,995,000

PACIFIC GROVE 1661 Sunset Drive | Classic Mediterranean home with four ocean view parcels. $4,950,000

1545VenaderoRoad.com

1661SunsetDrive.com fe a t u re d p ro p e r t i e s

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COLDWELL BANKER’S

2017

#1 Agent in Carmel #2 Agent in Silicon Valley/Santa Cruz #3 Agent Northern California #8 Agent in North America

about

TIM ALLEN

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 the game 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 2017, Tim was ranked as the #1 Coldwell Banker agent for the Monterey Peninsula, #2 agent for Silicon Valley/Santa Cruz, #3 Coldwell Banker individual agent in Northern California, #8 Coldwell Banker agent in North America, and he is consistently ranked in the top 1% of Coldwell Banker agents. There is no other agent in the area who will provide you with the local knowledge and global connections that Tim can offer.

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.