As reported earlier, the California Coastal Commission and the Pebble Beach Company have reached agreement on the addition of a new hotel in Pebble Beach, additional conservation areas, and 90 new residential lots that will be sold or developed for single family homes. Rather than review the history, over the next few blog posts I will summarize the development plans and explain the location of the lots, hotel, protected area and other components of the project. For an overall summary … Continue reading New Residential Lots Approved for Development in Pebble Beach
Pebble Beach Car Show Comes to Town It is Concurs Week once again here in Pebble Beach and Carmel. Carmel is already alive with cars of every type. I drive a 2005 Prius, not that exciting, but I was in a line up at a stop sign yesterday with a Ferrari and a Bentley.The auctions this year are set to be record breaking according to those who track such things. According to the Hagerty Price Guide there are 72 cars … Continue reading Pebble Beach Concours d’ Elegance
Pebble Beach Company and Coastal Commission Agree on New Home Sites and Real Estate Development in Pebble Beach
The last couple of weeks have seen a great deal of discussion about how the “historic” compromise between the Pebble Beach Company and the California Coastal commission will impact life in Pebble Beach, home values, and opportunities to buy a vacant lot and build a new home. Rather than review the sordid history of lawsuits, referendums, etc., I will summarize the development that Pebble Beach will pursue, including the development of a new 100 room hotel, expansion of both Spanish … Continue reading Pebble Beach Company and Coastal Commission Agree on New Home Sites and Real Estate Development in Pebble Beach
As expected, the Coastal Commission has approved Pebble Beach Company’s revised development plan, most recently rejected in 2007. The plan is a departure from the original intent years ago to build another golf course. The approved plan includes the construction of 90 new homes. News Coverage of the approval. The Staff Report that was the basis for the vote runs 195 pages.
Pebble Beach Home Sales Pebble Beach is known internationally for its golf courses, magnificent estates, the Pebble Beach Lodge, and 17 mile drive. It may come as a surprise to learn there are 2,900 developed lots in Del Monte Forest (Pebble Beach) the majority of which are homes under 2,800 square feet. While there are homes of larger size and higher price throughout the forest, the majority of the more expensive homes are located closest to the coast, the Lodge, … Continue reading Pebble Beach Market Snapshot
Sometimes people ask me why I live in such a small town. I often tell them that I enjoy the relaxed atmosphere, and the slow tempo of Carmel. Or that I really like the fact that when I walk the streets of Carmel going to our from the Carmel Realty office to the Post Office, I know a lot of the people I see. And, most of the time, Carmel is a small coastal town; however, there are a few … Continue reading Small town Carmel; Golf, Car Shows, and Office Openings.
Last week Forbes published their “by zip code” analysis of the most expensive zip codes. As expected, the median price of homes for sale in most zip codes fell over the last year. A year ago California accounted for 96% of the top zip codes, this year…less than 50%. Of the California zip codes still on the 500 most expensive zip codes, 83% had median prices that stayed the same or declined. Pebble Beach Pebble Beach experienced an 8% decline … Continue reading Pebble Beach Real Estate Ranking in Forbes 500
The AT&T Golf Tournament mostly escaped rain on Friday and Saturday with 24 year old Dustin Johnson taking the lead. Every year as the tournament approaches I am asked by potential sellers what impact the event has on efforts to sell a home in Pebble Beach, Carmel, or the other peninsula communities. The AT&T golf tournament and other events such as the Concours d’Elegance in August are very important because they bring people to town and remind those who watch … Continue reading Pebble Beach AT&T—and How It Impacts Real Estate
Normally my posts focus on homes for sale in Pebble Beach, Carmel or Carmel Valley but once in a while I stray from that topic. The folks over at golfvacationinsider.com recently posted an insider tip that Pebble Beach is offering play at Spyglass Hill and the Links at Spanish Bay at a 50% discount and the Pebble Beach course at 30% without having to be a guest at a Pebble Beach hotel. The discount is offered to members of the … Continue reading Pebble Beach Golf Resort Discount