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3208 Stillwater Lane, Pebble Beach $19.5M -See Back Cover
the MARKET REPORT
THEPEBBLEBEACHLOTS.COM
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.
The Pebble Beach Company lots are available with Phase I parcels remaining & Phase II parcels just released to the market.
A background on Tim Allen and his 30+ years of award-winning real estate experience on the Monterey Peninsula.
ocean-view properties The Monterey Peninsula offers a wide variety of ocean view properties from Monterey, Pacific Grove, Pebble Beach, Carmel, Carmel Highlands and south to the wild Big Sur coast. Ocean views off the Central Coast are enhanced by a rich abundance of marine life. Views vary from colorful sail boats, classic fishing boats and sea lions on Monterey Bay, Pebble Beach’s Cypress tree lined coast with migrating whales just off shore, Carmel’s white sandy beach out to Carmel Bay with sea otters and sea birds frolicking in the surf, and to dramatic views of Big Sur’s rocky coast line to the south with basking harbor seals and crashing waves. Tim has sold numerous oceanfront and ocean view properties over the years and has acquired insight and knowledge about the advantages and value attributable to each of these unique markets. Buyers looking for oceanfront and ocean view homes will benefit from Tim’s in-depth understanding of the area.
CARMEL HIGHLANDS 72 Fern Canyon Rd | This masterpiece property features a main house & three guest houses with ocean views, swimming pool, wine cellar, tennis court and more. | $16,995,000 72F e r n C an yo n Ro ad. c o m
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PEBBLE BEACH 3200 17 Mile Drive | Classic Mediterranean estate on 3 acres with views to Cypress Point and beyond to the north and Point Lobos and Point Sur to the south. Adjacent lot also available. | $25,000,000 3200SeventeenMileDr.com
CARMEL 2848 Santa Lucia Ave | Masterfully built Carmel Point home with sweeping views of Point Lobos | $6,495,000 2848SantaLuciaAve.com 4
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CARMEL HIGHLANDS 157 Spindrift Road | Iconic oceanfront estate offering expansive views of Point Lobos and beyond, and featured in the film Basic Instinct | $16,995,000 157Spindrift.com
CARMEL 26077 Scenic Rd | Oceanfront estate with sweeping views across Carmel Bay to Pebble Beach. | $10,950,000 S altAireOnS cenic.com 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 and cypress trees to beachfront estates and homes, Tim Allen has long understood the nooks and crannies of all the Carmel neighborhoods. From Carmel-by-the-Sea 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 countless homes for renovation, and has handled more Carmel transact ions than any other agent. Carmel Valley is also a region Tim Allen knows well being a long time resident of the area. “We love the valley — the warm, sunny weather and beautiful setting — and the village is a big part of our lives.” The real estate offerings in Carmel Valley vary from vast valley view estates to quaint Carmel Valley Village homes, and everything in between. T OP T O B O T T O M L E F T T O RIG H T:
S outh End of Acacia Way | European inspired gated estate in Carmel-by-the-Sea on nearly 3/4 acre lot with a 2-car attached and 2-car detached garage. $5,850,000 AcaciaWayEstate.com S cenic 2 NW of 8th | Comfortable ocean view home with Carmel Beach as your backyard and plans for a new home. | $6,999,000 S cenic2NWof8th.com 26334 Carmelo Street | Elegant new home on Carmel Point featuring views of the Santa Lucia mountains. | $8,495,000 CarmelPointPerfection.com CARMEL VALLEY 19 Sleepy Hollow Dr Elegant Sleepy Hollow estate with sweeping views of the valley. | $2,995,000 19S leepyHollow.com 6
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IN ESCROW
3508 Lazarro Drive | Comfortable Hatton Fields home with expansive views of Santa Lucia Mountains & separate guest quarters. | $1,690,000
CARMEL VALLEY Esquiline Lot | 1.63 acre lot in the Village zoned for commercial & residential development. $1,050,000
3508LazarroDr.com
EsquilineLot.com
26185 D ol ores St | Midcentury modern home on Carmel Point with views of Point Lobos | $3,995,000
Carmelo & 12th NWC Comfortable single level cottage in the Golden Rectangle with ocean views | $2,495,000
26185Dolores.com
CarmeloAnd12thNWC.com
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T I M A L L E N P R O PE RT I ES
Carmelo 4 SE of Ocean | Grand Carmel beach house with ocean views and generous heated outdoor patio for entertaining. | $7,750,000 Carmelo4SEofOcean.com
24345 S an Pedro Lane | Tree-house like Scandinavian chalet in the forest. | $920,000 24345S anPedroLn.com
26317 S cenic Road | Carmel Point home on a 7,400 sq ft corner lot with spectacular ocean views and multiple options for the creative buyer. Adjacent lot also available. $6,750,000 26317ScenicRoad.com 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. With its challenging golf courses, towering pine forests, dramatic ocean views, and the prestigious resorts at The Lodge and Spanish Bay; everything that you could want is here. Throughout Tim’s childhood he lived with his family in a beautiful Mediterranean home near 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”.
Top to Bottom: 22 Poppy Lane | Almost complete modern home with over 4,500 sq ft of living space and views of the 7th fairway of Poppy Hills Golf Course. | $6,950,000 22PoppyLane.com 1545 Venadero Road | One-of-a-kind contemporary on 1.5 acres with spacious indoor/outdoor living. | $3,995,000 1545VenaderoRoad.com
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1143 Porque Lane | Hacienda inspired home on Cypress Point featuring views to Seal Rock and beyond. $7,950,000 1143PorqueLane.com
2900 Oak Knoll Road | Eco-chic contemporar y fourbed four-bath home near 17 Mile Dr. | $3,499,000
1138 Por tola Road | French Colonial home on a fully fenced peaceful 3+ acres | $5,395,000
2900OakKnoll.com
1138PortolaRoad.com
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T I M A L L E N P R O PE RT I ES
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 $239M in sales volume, far outpacing our production in 2017. The market remains active and we are cautiously optimistic as we move through 2018.
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T H E PEB B LEB E AC H LOT S.CO M
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. Phase II was released this Spring and includes 23 parcels, varying in size from 0.5-1 acre, all surrounding the famed Spyglass Hill Golf Course. For more information on the remaining Phase I lots as well as Phase II lots available for showing now, please visit our website, thepebblebeachlots.com. 14
T I M A L L E N P R O PE RT I ES
1186 THE DUNES RD, LOT 8 | Overlooking the 6th green at Spyglass Hill Golf Course this larger parcel also boasts generous frontage on the 7th fairway | .95 Acre $2,500,000 | TheDunesRoadLot8.com
1455 LISBON CT, LOT 10 | Crown jewel of Poppy 2 with premier size and golf course views. | 1.56 Acres
3167 STEVENSON DR, LOT 4 | Generous course views of the 10th and 11th fairway of Spyglass Hill. | .56 Acre $1,400,000 | StevensonLot4.com
1062 SPYGL ASS WOODS, LOT 3 | Enjoy wooded views of the 13th fairway from this oversized private lot. | .82 Acre | $1,350,000 | SpyglassWoodsLot3.com
$1,700,000 | Po ppy2L o t 10. c o m
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about
TIM ALLEN
Special izing 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.
ON THE COVER: 3208 Stillwater Lane, Pebble Beach | Privately located on the 16th fairway of the famed Pebble Beach Golf Links, this commanding Mediterranean estate is an easy stroll to the Beach and Tennis Club and the Lodge at Pebble Beach. The home features sweeping views of the golf course and Stillwater Cove, wine cellar, swimming pool, four guest suites, and much more. | $19,500,000 | 3208StillwaterLane.com
T I M A L L E N CalBRE#00891159 c 831.214.1990 TI M A LLEN PRO PERTI ES.CO M ©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.