TIM ALLEN
P RO P E R T I E S FA L L / W I N T E R 2 0 1 7
thepebblebeachlots.com The Pebble Beach Company lots are available with eleven Phase I parcels remaining and Phase II properties soon to hit the market.
the MARKET REPORT
find the PERFECT HOME
about TIM ALLEN
Find out what the real estate market is doing with a summation of the first two quarter sales in the Peninsula’s most coveted neighborhoods.
View all of our discreet listings along with properties that are currently available for sale.
A background on Tim Allen and his 30+ years of award-winning real estate experience on the Monterey Peninsula.
“Tim Allen Properties Book” - Fall 2017 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 © 2017
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 | Fall 2017 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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the PE B B LE B E ACH LOTS
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featured PROPE R TIE S
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ocean-view PROP E R TIE S
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Carmel PROPE R TI E S
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Pebble Beach PR O PER T I ES
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the MARKET REPORT
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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 will be coming on the market in Fall 2017, 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
(coming in Fall 2017)
III = Phase III
(future release)
IV = Phase IV (future release)
“These 90 estate lots are the last ones that Pebble Beach Company will develop in Pebble Beach” Bill Perocchi, CEO Pebble Beach Company
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phase I An opportunity the likes of which we haven’t seen in decades…prime residential parcels in Pebble Beach...are available for sale and they are moving. We have ‘carved out’ truly the finest sites for individuals looking to create their own personal masterpiece in a setting and community that is rapidly becoming 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 still available for sale: two in Poppy 1, and nine in Poppy 2 with three additional lots coming soon, are limited and a must-see. For more information on the remaining Phase I lots, including the three yet to be released, as well as Phase II scheduled to come out this fall, please visit our website.
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 POPPY 2 , LOT 11 1461 LISBON COURT | This substantially-sized lot is found on the back-half of the 13th green, and features views through a greenbelt to the 17th green and fairway. | 1.42 Acres | 1 ac/ft water allocation | $1,400,000 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
T I M A L L E N P R O PE RT I ES
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 Pebble Beach Company's lots remain available for purchase.
POPPY 1, LOT 10 33 POPPY LANE | Near the end of the cul-de-sac, this lot offers privacy as well as wooded views of the nearby 2nd hole and greenside lake to the south. | 1.04 acres | 0.8 ac/ft water allocation $1,100,000
t h e PE B B L E B E AC H LOT S
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CONSTRUCTION C O M P L E T E FA L L 2 0 1 7
poppy 1 update Of the 16 parcels that make up Poppy 1, 14 have sold. Four of the lots are under development with Lot 7 entering the market in August. Lot 2 is not far behind and will be available by the end of the year 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 spring of 2018. Lots 5 & 6 have already gone through the planning process and are ready for construction permit application. Lot 14 is also ready for a construction permit and is back on the market as a ready-to-go development project. Lots 1, 4, 12, 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.
LOT 2 | 22 Poppy Lane Dramatic new approx. 4,500 sq. ft. contemporary home on Poppy Hills Golf Course with 4 bedrooms and 3 full and 1 half bathrooms. CONSTRUCTION U N D E R WAY
LOT 3 | 24 Poppy Lane Alluring. Artistic. Inspired. Modern approx. 3,900 sq ft 4 bedroom home with 4 full and 1 half bath, near The Lodge.
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PLANNING APPROVED
LOT 5 | 28 Poppy Lane | Modern approx. 6,280 sq ft main residence with 4 bedrooms, 4 full and 2 half baths and a 600 sq ft guest house with forested views. PLANNING APPROVED
LOT 6 | 30 Poppy Lane | Contemporary approx. 5,500 square foot main residence with 4 bedrooms, 4 full and 1 half bath and a 600 sq. ft. guest house with distant ocean views. t h e PE B B L E B E AC H LOT S
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ING CO M N O SO
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poppy 2 Sixteen one-plus acre lots 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 Beach & Tennis Club, and The Spa at Pebble Beach. The lots are located on Viscaino Road, Ronda Road, and Lisbon Court, with nine available for purchase and three available soon.
1401 VISCAINO ROAD, LOT 1 | This lot features ideal Southwestern sun and is just a short drive to The Lodge, Stillwater Cove and walking distance to Stevenson School. | .81 acres | 0.8 ac/ft water allocation | $685,000
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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
1407 VISCAINO R OAD, LOT 2 Just off the 12th green and offering panoramic views across the back nine. Approx. 1.00 acre | $1,100,000
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
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
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1455 LISBON COURT, LOT 10 The crown jewel of Poppy 2 is this lot adjacent to the 13th green with arcing golf course frontage and views down the long 13th hole. | Approx. 1.56 acres | $1,700,000
1461 LISBON COURT, LOT 11 This substantially-sized lot is found on the back half of the 13th green and features views through a greenbelt to the 17th green and fair way. | Approx. 1.42 acres | $1,400,000
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
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
t h e PE B B L E B E AC H LOT S
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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. These 23 estate parcels will be coming on the market in Fall 2017, including 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.
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LOT 1 1158 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 2 1162 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
LOT 4 1170 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 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 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 20
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LOT 9 1190 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
LOT 10 1194 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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S N E A K PEEK S P YG L A S S WO O D S A N D ST E V EN S O N D R I V E
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.
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.
featured properties 157 Spindrift Road, Carmel Highlands timallenproperties.com/157spindrift On two amazing oceanfront acres stands one of the most stunning homes on the West Coast. As featured in Architectural Digest and the movie Basic Instinct, this California Modern masterpiece estate meets the Pacific Coast at dramatic Wildcat Cove just minutes from Carmel. This 16-room, 12,000-square-foot residence with views of iconic Pt. Lobos features five bedroom suites, with six full and two half baths, copper and glass roof, breathtaking ocean views, two amazing kitchens, a must-see two-story domed library, a party f loor with 2nd kitchen & Delfield Soda Fountain, plus so much more. Interiors designed by Paul Vincent Wiseman, feature walnut f loors, Mondrianinspired bronze screens, smooth Marmorino plaster walls and an inner courtyard pool. The home is surrounded by 2+ acres of masterfully thought-out landscaping that blends the handof-man with the stunning natural surroundings which include winding stone paths, numerous stone seating areas, several water features and massive stone entry walls with heavy wooden gates. This landmark home will amaze all who see it and will be a world-class treasure to own.
Offered at $25,000,000
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featured properties Camino Real 2 NW of 8th, Carmel timallenproperties.com/caminoreal This spacious new creation located south of Ocean Avenue is just 3 short blocks to Carmel’s white sandy beach and 3 short blocks to the shops and restaurants of downtown. The home enjoys ocean views and features high openbeam ceilings, French oak f loors and 3 Carmel stone fireplaces. The formal living room and main level master suite open to a sunny patio for enjoyable outdoor living, and the kitchen/ dining/family room opens to a west facing deck. There is a separate family room on the lower level and 2 generous size bedrooms. It's a great place to enjoy the best of Carmel living.
Offered at $4,395,000
Camino Real 2 NW of 8th
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ocean-view properties The Monterey Peninsula offers a select amount of ocean-view properties which span from Monterey all the way down to Big Sur. One of these special places lies a few miles south of Carmel on scenic Highway One; the Carmel Highlands. If you are unfamiliar with the Highlands, it offers dramatic views of crashing waves, towering pine covered mountains, the famous Highlands Inn and Rocky Point Restaurant adjacent to pastoral cattle ranches and hiking trails. Tim has sold numerous oceanfront and ocean-view properties in Carmel, Pebble Beach, Big Sur, and of course the Highlands. He is familiar with all aspects of living in this very special area conveniently situated between pristine and majestic Big Sur and all the conveniences and attractions of Carmel. Even more, Tim is a believer in the area, proven by purchasing a 130-acre oceanfront ranch in famed Big Sur. He visits this piece of rare property every chance he gets. If you are looking for a unique oceanfront or ocean-view property, call Tim to benefit from the wealth of knowledge he has gained over the years. CARMEL 2848 SANTA LUCIA | Ocean views and sunfilled setting abound at this like-new remodeled four bedroom four bath spacious Carmel masterpiece home. $6,995,000 TIMALLENPROPERTIES.COM/2848SANTALUCIA INSET:
CARMEL 520 LOMA ALTA RD |Custom designed home on fenced 5.5 acres offers stunning panoramic views of the Monterey Bay. | $3,999,000 TIMALLENPROPERTIES.COM/LOMAALTA o ce a n -v i ew p ro p e r t i e s
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CARMEL SCENIC 2.5 NW OF 8TH | Historic cottage with 2 bedrooms and 2 bathrooms just steps to Carmel Beach. | $6,500,000
PEBBLE BEACH 1143 PORQUE LANE | Hacienda inspired Mediterranean with views of the second hole of Cypress Point and Bird Rock. | $8,300,000
T I M AL L E N PRO PE RT I E S.C O M /S C E NI C A ND 8 TH
T IMA LLE N PROPE RT IE S.C OM/PORQU E LA N E
CARMEL 566 AGUAJITO RD | A modern masterpiece offering world-class design and stunning views of Monterey Bay. | $9,995,000
CARMEL HIGHLANDS 153 SAN REMO RD | New construction 4 bedroom, 4.5 bath home with ocean views from every room. | $3,150,000
T I M AL L E N PRO PE RT I E S.C O M /566AGUAJITO
T IMA LLE N PROPE RT IE S.C OM/SANREMO
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CARMEL HIGHLANDS 112A YANKEE POINT DR | Four bedroom, three bath ocean-view home with access to a secluded beach from backyard. | $3,195,000
PEBBLE BEACH 2947 17 MILE DR | Classic Pebble Beach ranch-style 3 bedroom 2 bath home with views of the Pacific and renderings for a new home. | $1,975,000
T I M AL L E N PRO PE RT I E S.C O M /112AYANKEE
T IMA LLE N PROPE RT IE S.C OM/OLD SE VE N T E E N MILE
CARMEL 2436 BAY VIEW AVE | Prime location on Carmel Point one block to the beach with approved plans for remodel. | $2,995,000
PEBBLE BEACH 1152 Signal Hill | Dramatic home, location and ocean views are found in this custom built Pebble Beach residence. | $5,995,000
T I M AL L E N P RO PE RT I E S.C O M /BAYVIEW
TIMALLENPROPERTIES.COM/SIGNALHILL o ce a n -v i ew p ro p e r t i e s
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carmel properties From quaint Carmel cottages nestled amongst the pines to beach-front estates and homes, Tim Allen has long studied the qualities and features of the various Carmel neighborhoods. From Carmel Village to The Point, from Carmel Woods to the Meadows, this is where Tim thrives. Throughout the time he has spent in Carmel he has restored a historic Carmel landmark known as “Seastone”, purchased count-less homes for renovation, and has handled more Carmel transactions than any other agent.
Clockwise from Top Left: SAN CARLOS 3 SE OF 7TH | Unique is the only way to describe this fantastic 2-unit residence in the heart of Carmel-by-the-Sea. | $4,750,000 T IMA LLE N PROPE RT IE S.C OM/SA N C A RLOSA N D 7 T H 26339 VALLEY VIEW | Carmel Point charmer with a street to street lot and spacious outdoor living. $2,595,000 T IMA LLE N PROPE RT IE S.C OM/VA LLE Y VIE W FOREST 3 SW OF OCEAN | In the heart of Carmel is this master fully created like-new, 3-bedroom, 2-bath dream home. | $2,295,000 T IMA LLE N PROPE RT IE S.C OM/FORE STA N D OC E A N 2508 16TH AVE | Located on a quiet street on Carmel Point, this elegant, 3-bedroom, 2.5-bath home has a unique French flair. | $3,595,000 T IMA LLE N PROPE RT IE S.C OM/16THAVENUE
ca r m e l p ro p e r t i e s
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3311 SAN LUIS AVE | Exquisite Mediterranean with open concept grand living area, spacious outdoor living and views extending past Point Lobos and on to the Pacific horizon. | $2,895,000 TIMALLENPROPERTIES.COM/M O N T EV ER D E
CARMELO & 13TH NEC | Historically significant craftsman-style home master fully upgraded and sited on an oversized double lot just two blocks to the beach. | $8,349,000 T I MAL L E N PRO PE RT I E S.C O M /C A R M E LO 34
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EIGHTH AVE 2 SE OF MONTE VERDE Generously-sized Golden Rectangle home with ocean views from the master. | $2,295,000
CASANOVA 5 SE OF 13TH | Craftsman style home with 3 bedroom & 2 bath plus guest house only blocks from Carmel Beach. | $1,995,000
TIMALLENPROPERTIES.COM/EIGHTHAVENUE
TIMALLENPROPERTIES.COM/C A SA N O VA A N D13T H
CARMELO 3 SW OF 11TH | Stone, steel and wood contemporar y with top of the line construction and finishes. | $6,950,000
MONTE VERDE & 2ND NWC | Classic Carmel cottage, extensively upgraded, adding modern convenience to its original charm and character. | $2,495,000
TIMALLENPROPERTIES.COM/CARMELOAND11TH
TIMALLENPROPERTIES.COM/M O N T EV ER D E ca r m e l p ro p e r t i e s
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pebble beach properties Pebble Beach, with miles of pristine coastline, hundreds of acres of protected forest, world class golf, dining, and accommodations... is an arrival point, a playground, a retirement opportunity, the perfect second home location, the ultimate lifestyle. Tim is no stranger to the area where he grew up; world famous Pebble Beach. Throughout Tim’s childhood he lived with his family in a beautiful Mediterranean home on Seventeen Mile Drive. He attended high school locally at Robert Louis Stevenson, an excellent college prep school near Spyglass Golf Course. If this sounds like the place for you, then come and see all that Pebble Beach has to offer and maybe it will be the next place you call “home”.
1531 RIATA R OAD | Historic, Spanish Revival style home sited on 1.6 gated acres with privacy and beautifully landscaped grounds, located above the Lodge with views of Stillwater Cove, Point Lobos and the Pacific Ocean beyond. $7,950,000 T IMA LLE N PROPE RT IE S.C OM/1 5 3 1 RIATA I NSET:
32 POPPY LANE | A stylish new 4600+ square foot golf course frontage home with a guest house on the 5th hole of Poppy Hills Golf Course. | $7,749,000 TIMALLENPROPERTIES.COM/32POPPY p e b b l e b e a c h p ro p e r t i e s
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4095 CREST ROAD | Spacious indoor/outdoor living with 4 bedrooms and 3 baths. | $975,000 TIMALLENPROPERTIES.COM/CRESTROAD
1284 PORTOLA RD | Spacious one-acre gated Manorstyle estate just blocks from The Lodge at Pebble Beach. | $2,995,000 TIMALLENPROPERTIES.COM/PORTOLA ROA D
2900 OAK KNOLL ROAD | Eco-chic contemporary in Pebble Beach with 4 bedrooms & 4 baths | $3,499,000 TIMALLENPROPERTIES.COM/OAKKNOLL
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25 POPPY LANE (LOT 14) | The planning and design are complete for this 3,000+ sq. ft. home in this exciting new Pebble Beach neighborhood. | $975,000 T IMA LLE N PROPE RT IE S.C OM/LOT 1 4
the market report The areas of Carmel, Carmel Valley, Pebble Beach and Carmel Highlands, with all of 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. There continues to be good activity in these markets so far in 2017, albeit a bit less than 2016 during the same duration. In these locations, the sales volume in the first two quarters of 2017 was $485 million, down 3.2% from the first two quarters of 2016 and the median sales price was $1.275 million, an increase over the first two quarters of 2016. The number of combined sales for this region totals 299, down slightly from 2016 and the price per square foot was $720 in 2017, again down slightly from 2016. The median days on market stayed the same at 42 days. Concentrating on the Carmel market, we found that the sales volume in the first two quarters of 2017 slightly outpaced that of 2016, at $319M against $314M, respectively. The median sales price in Carmel in 2017 is $1.28M, up from $1.19M in 2016. There were 192 sales in Carmel in the first two quarters of 2017, an increase of four sales compared to the same period in 2016. The price per square foot fell slightly in 2017, down to $839 from $849. The median days to sell in 2017 was 54 days, an increase of 7 days compared to 2016. Tim Allen Properties remains dedicated to helping clients achieve their goals as they relate to real estate. For the first two quarters, we were able to take part in 42 transactions for a total of $116M in sales, an increase of 18 transactions and $45M in volume from the same period in 2016. We remain cautiously optimistic as we forge ahead into the last two quarters of 2017. the M A R K E T R E P O R T
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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 Northern 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 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 TI M A LLEN PRO PERTI ES.CO M
TIM ALLEN
P RO P E R T I E S
©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.