NOT LISTED FOR SALE

1218 Portola Rd Pebble Beach, CA 93953

Estimated Value: $7,455,000 - $10,519,964

4 Beds
5 Baths
6,203 Sq Ft
$1,477/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $7,775,000 $1,253 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $55,760/month

29 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • 2.11 Acre Lot
  • Carmel River Elementary School Rated A+
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom

About This Home

As of September 2020

Exquisite Eric Miller designed Neo-classical Mediterranean Estate perched on 2.11 gated and fenced acres overlooking the fairways of the Cypress Point golf course, Fan Shell Beach and the ever changing Seascapes of the Pacific Ocean. The architectural design and finishes, custom limestone cast fireplaces, Brazilian cherry flooring, Chefs kitchen, pantry and stunning cabinetry in the Butlers Pantry by Clive Christian overlooking the spacious limestone patios and balcony are an entertainers delight. The Grand formal entry with spacious living and dining rooms, separate office/library games/family room, adorn the easy flow and comfortable living style of this 4 bedroom, 5 bath 6200+ SF residence. Enjoy ample parking for all your guests with a gated entrance, paver stone driveway, manicured gardens, game court and fabulous outdoor kitchen/lanai to complete the Old World Charm of this masterpiece!

Last Agent to Sell the Property

Monika Campbell

Sotheby’s International Realty License #01370848 Listed on: 07/08/2020

Sotheby’s International Realty

Last Buyer's Agent

Judith Profeta

Carmel Realty Company License #00703550

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86,382

Year Built

  • 2008

Lot Details

  • 2.11 Acre Lot
  • Gated Home
  • Lot Sloped Up
  • Sprinklers on Timer
  • Back Yard

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking

Property Views

  • Ocean
  • Golf Course
  • Mountain
  • Forest
  • Garden
  • Neighborhood

Home Design

  • Slate Roof
  • Concrete Perimeter Foundation
  • Stucco
  • Stone

Interior Spaces

  • 6,203 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Gas Log Fireplace
  • Double Pane Windows
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Workshop

Kitchen

  • Open to Family Room
  • Gas Oven
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Stone
  • Marble
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Marble Bathroom Countertops
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Home Security

  • Monitored
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Barbecue Area

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Vented Exhaust Fan

Community Details

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$86,382

Year Built

2008

Lot Details

0

Parking

3

Listing Details

  • Zoning: Res
  • Subclass: Single Family Home
  • Age: 12
  • Listing Class: Residential
  • Structure Sq Ft: 6203
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2008

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room, Gas Burning, Gas Log, Gas Starter, Living Room, Primary Bedroom, Outside
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Ice Maker, Island With Sink, Microwave, Oven Range - Gas, Pantry, Refrigerator, Trash Compactor, Warming Drawer, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 6203
  • Stories: 2
  • Security: Fire System - Sprinkler, Secured Garage / Parking, Security Alarm, Video / Audio System
  • Bedrooms: Primary Suite / Retreat, Walk-In Closet
  • Laundry: Inside, Tub / Sink, Washer / Dryer
  • Flooring: Carpet, Hardwood, Marble, Stone, Tile, Travertine, Wood
  • Additional Rooms: Den / Study / Office, Formal Entry, Laundry Room, Recreation Room, Wine Cellar / Storage, Workshop
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Half On Ground Floor, Marble, Primary - Stall Shower(s), Primary - Sunken Tub, Stall Shower - 2+, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Slate
  • View: Forest / Woods, Garden / Greenbelt, Golf Course, Mountains, Neighborhood, Ocean, Water
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Courtyard, Fenced, Outdoor Fireplace, Outdoor Kitchen, Sprinklers - Auto
  • Fencing: Fenced, Gate, Mixed Height / Type
  • Construction Type: Concrete, Stone, Stucco

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 15
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Common Parking Area, Gate / Door Opener, Guest / Visitor Parking, Workshop In Garage

Utilities

  • Heating System: Radiant Floors
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet, Wet Bar

Schools

  • School District: Carmel Unified
  • Elementary School: Carmel River Elementary
  • Middle School: Carmel Middle
  • High School: Carmel High
  • High School: 497
  • Elementary School: 512
  • Middle School: 511

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Acres: 2.1110
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 91955.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 91955.00

Green Features

  • Energy Features: Double Pane Windows, Energy Star Lighting

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Aug 28, 2020
Sold by
Crane Whitney
Bought by
Xie Michael and Wu Danke
Seller's Agent
Monika Campbell
Sotheby’s International Realty
Buyer's Agent
Judith Profeta
Carmel Realty Company
List Price
$7,990,000
Sold Price
$7,775,000
Premium/Discount to List
-$215,000
-2.69%
Current Estimated Value
$9,159,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,384,321
Avg. Annual Appreciation
3.25%

Purchase Details

Closed on
Dec 18, 2012
Sold by
Julian Paul C
Bought by
Wheeler Whitney

Purchase Details

Closed on
Jan 25, 2011
Sold by
Sierra Asset Servicing Llc
Bought by
Julian Paul C

Purchase Details

Closed on
Dec 8, 2010
Sold by
Giangiorgi Mark D and Giangiorgi Jean C
Bought by
Sierra Asset Servicing Llc

Purchase Details

Closed on
Nov 16, 2004
Sold by
Giangiorgi Mark and Giangiorgi Jean
Bought by
Giangiorgi Mark D and Giangiorgi Jean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 4, 2004
Sold by
Gilles Vilia K and Kakis Vilia J
Bought by
Giangiorgi Mark and Giangiorgi Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 1, 1996
Sold by
Young Robert E
Bought by
Young M B M

Purchase Details

Closed on
Apr 15, 1993
Sold by
Kakis Jack and Kakis Mirka Eva
Bought by
Kakis Jack and Kakis Mirka Eva
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Xie Michael $7,775,000 Chicago Title Company
Wheeler Whitney -- Old Republic Title Company
Julian Paul C $3,450,000 First American Title Company
Sierra Asset Servicing Llc $2,552,586 First American Title
Giangiorgi Mark D -- Stewart Title
Giangiorgi Mark $2,800,000 Stewart Title
Young M B M -- First American Title Ins Co
Kakis Jack -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giangiorgi Mark D $4,000,000
Previous Owner Giangiorgi Mark $1,503,584
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $7,775,000 -2.7% $1,253 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $7,990,000 -- $1,288 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $86,382 $8,415,909 $5,412,160 $3,003,749
2024 $86,382 $8,250,892 $5,306,040 $2,944,852
2023 $86,089 $8,089,110 $5,202,000 $2,887,110
2022 $83,236 $7,930,500 $5,100,000 $2,830,500
2021 $82,363 $7,775,000 $5,000,000 $2,775,000
2020 $52,208 $4,954,328 $2,814,960 $2,139,368
2019 $51,179 $4,857,185 $2,759,765 $2,097,420
2018 $50,207 $4,761,947 $2,705,652 $2,056,295
2017 $49,158 $4,668,576 $2,652,600 $2,015,976
2016 $48,364 $4,577,037 $2,600,589 $1,976,448
2015 -- $4,508,286 $2,561,526 $1,946,760
2014 -- $4,419,976 $2,511,350 $1,908,626
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81797248

MLSListings

APN: 008-293-002-000