Seller's Agent in 2020
Tim Allen
Coldwell Banker Realty
(831) 214-1990
100 in this area
352 Total Sales
1231 Padre Ln Pebble Beach, CA 93953
Estimated Value: $7,990,000 - $14,535,247
6
Beds
7
Baths
9,956
Sq Ft
$1,182/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- 1.73 Acre Lot
- Carmel River Elementary School Rated A+
- Home Theater
- Soaking Tub in Primary Bathroom
About This Home
As of September 2020Deemed one of the best locations in Pebble Beach, with views from Cypress Point to Pescadero Point and down the coast, this magnificent property exudes chic sophistication and contemporary elegance with ocean views from nearly every room. Built just four years ago on 1.7+ acres, every inch is flawlessly rendered with uncompromising quality and detail. Crisp white walls stand ready to display fine art, clear glass railings offer unimpeded views, and massive windows present the ocean at every turn. Spanning two levels serviced by an elevator, the main residence totals 8818 sq. ft. with four bedroom suites, 2 family rooms, living room, a formal dining room, a media room, library, and wine cellar. Separate one-bedroom guest cottage with 834 sq. ft., full kitchen and family room, and a second residential caretaker's unit with 304 sq. ft. + garage 980 sq. ft. The grounds invite California-style living with a bocce court, fire pit, and a myriad of venues for entertaining.
Last Agent to Sell the Property
Coldwell Banker Realty License #00891159 Listed on: 01/10/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $154,598
Year Built
- 2015
Lot Details
- 1.73 Acre Lot
- Mostly Level
Parking
- 4 Car Garage
- Garage Door Opener
- Guest Parking
Home Design
- Tile Roof
- Concrete Perimeter Foundation
Interior Spaces
- 9,956 Sq Ft Home
- 1-Story Property
- 9 Fireplaces
- Fireplace With Gas Starter
- Formal Entry
- Wine Cellar
- Great Room
- Separate Family Room
- Formal Dining Room
- Home Theater
- Den
- Ocean Views
- Laundry in unit
Kitchen
- Breakfast Room
- Eat-In Kitchen
- Built-In Self-Cleaning Oven
- Range Hood
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathroom on Main Level
- Soaking Tub in Primary Bathroom
- Oversized Bathtub in Primary Bathroom
- Walk-in Shower
Utilities
- Radiant Heating System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2020
Closed on
Sep 18, 2020
Sold by
8 28 California Properties Llc
Bought by
Plpb Llc
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Canning Properties
Sotheby’s International Realty
List Price
$16,995,000
Sold Price
$13,900,000
Premium/Discount to List
-$3,095,000
-18.21%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,283,695
Avg. Annual Appreciation
-4.67%
Purchase Details
Listed on
Nov 30, 2015
Closed on
Sep 20, 2017
Sold by
Padre Lane Project Llc
Bought by
8:28 California Properties Llc
Seller's Agent
Nick Glaser
Carmel Realty Company
Buyer's Agent
Karen McDermott
Compass
List Price
$17,900,000
Sold Price
$12,500,000
Premium/Discount to List
-$5,400,000
-30.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Original Mortgage
$9,375,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 17, 2008
Sold by
Monterey Group Llc
Bought by
Padre Lane Project Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
6.41%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 20, 2003
Sold by
Wetzer Michael and Wetzer Christine
Bought by
Monterey Group Llc
Purchase Details
Closed on
Oct 16, 2002
Sold by
Wetzer Michael and Wetzer Christine
Bought by
Wetzer Michael and Wetzer Christine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 19, 1997
Sold by
Cole Carole Mccarty and Clayman Stuart
Bought by
Wetzer Michael and Wetzer Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.66%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 6, 1996
Sold by
Woodhall Carolyn N P and Woodhall Edward W
Bought by
Cole Carole Mccarty and Clayman Stuart
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Plpb Llc | $13,900,000 | First American Title Company | |
| 8:28 California Properties Llc | $12,500,000 | First American Title Company | |
| Padre Lane Project Llc | -- | First American Title Company | |
| Monterey Group Llc | -- | -- | |
| Wetzer Michael | -- | -- | |
| Wetzer Michael | -- | -- | |
| Wetzer Michael | $1,020,000 | Stewart Title | |
| Cole Carole Mccarty | $815,942 | First American Title Co | |
| Cole Carole Mccarty | $815,942 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Plpb Llc | $5,000,000 | |
| Previous Owner | 8:28 California Properties Llc | $9,375,000 | |
| Previous Owner | Padre Lane Project Llc | $6,400,000 | |
| Previous Owner | Padre Lane Project Llc | $6,300,000 | |
| Previous Owner | Padre Lane Project Llc | $9,000,000 | |
| Previous Owner | Wetzer Michael | $2,200,000 | |
| Previous Owner | Wetzer Michael | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2020 09/24/20 | Sold | $13,900,000 | -18.2% | $1,396 / Sq Ft |
| 08/25/2020 08/25/20 | Pending | -- | -- | -- |
| 01/10/2020 01/10/20 | For Sale | $16,995,000 | +36.0% | $1,707 / Sq Ft |
| 10/11/2017 10/11/17 | Sold | $12,500,000 | -3.1% | $1,256 / Sq Ft |
| 08/07/2017 08/07/17 | Pending | -- | -- | -- |
| 04/13/2017 04/13/17 | Price Changed | $12,900,000 | -13.4% | $1,296 / Sq Ft |
| 10/26/2016 10/26/16 | Price Changed | $14,900,000 | -11.8% | $1,497 / Sq Ft |
| 09/12/2016 09/12/16 | Price Changed | $16,900,000 | -5.6% | $1,697 / Sq Ft |
| 11/30/2015 11/30/15 | For Sale | $17,900,000 | -- | $1,798 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $154,598 | $15,045,806 | $7,577,025 | $7,468,781 |
| 2024 | $154,598 | $14,750,791 | $7,428,456 | $7,322,335 |
| 2023 | $153,811 | $14,461,560 | $7,282,800 | $7,178,760 |
| 2022 | $148,688 | $14,178,000 | $7,140,000 | $7,038,000 |
| 2021 | $147,116 | $13,900,000 | $7,000,000 | $6,900,000 |
| 2020 | $136,128 | $13,005,000 | $6,762,600 | $6,242,400 |
| 2019 | $133,455 | $12,750,000 | $6,630,000 | $6,120,000 |
| 2018 | $130,913 | $12,500,000 | $6,500,000 | $6,000,000 |
| 2017 | $109,980 | $10,499,183 | $5,319,338 | $5,179,845 |
| 2016 | $108,199 | $10,293,318 | $5,215,038 | $5,078,280 |
| 2015 | $44,231 | $4,143,687 | $3,399,000 | $744,687 |
| 2014 | $39,931 | $3,721,000 | $3,399,000 | $322,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2020
Karen McDermott
Compass
(408) 883-0588
1 in this area
10 Total Sales
-
C
Buyer's Agent in 2020
Canning Properties
Sotheby’s International Realty
(831) 238-5535
51 in this area
225 Total Sales
-
N
Seller's Agent in 2017
Nick Glaser
Carmel Realty Company
-
Seller Co-Listing Agent in 2017
Christopher Pryor
Carmel Realty Company
(831) 229-1124
16 in this area
60 Total Sales
Map
Source: MLSListings
MLS Number: ML81806006
APN: 008-293-014-000
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