NOT LISTED FOR SALE

1531 Riata Rd Pebble Beach, CA 93953

Estimated Value: $8,250,000 - $13,958,042

6 Beds
6.5 Baths
6,600 Sq Ft
$1,565/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $6,790,000 $1,029 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $64,218/month

75 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • 1.65 Acre Lot
  • Carmel River Elementary School Rated A+
  • Gated Community
  • Family Room with Fireplace

About This Home

As of February 2019

Casa Margarita, with Spanish Revival architecture, was named by an iconic local celebrity who was a frequent guest of this stunning estate. Gorgeous setting overlooking the Pacific Ocean with expansive views of Point Lobos, and Stillwater Cove. The estate was constructed during the era when homes were meticulously designed like the great estates in the Mediterranean. Casa Margarita stands out with an elegant presence in Pebble Beach. Close to The Lodge of Pebble Beach with its many amenities, the home is within the reknowned Carmel School district as well as close proximity to Robert Louis Stevenson, a private world class school. Sited on 1.6+ acres the home is quite private with a gently rising driveway to the motor court with additional entry to the separate 800 sf guest house. With six generous sized bedrooms and 6 1/2 baths the estate provides exceptional living space. A pool set amidst newly landscaped grounds provides another amenity to this classic Pebble estate.

Last Agent to Sell the Property

Sharon swallow

Coldwell Banker Realty License #01467402 Listed on: 09/18/2018

Coldwell Banker Realty

Co-Listed By

Dennis Lunder

Dennis A. Lunder, Broker License #00656586

Last Buyer's Agent

Jamal Noorzoy

Alain Pinel Realtors License #01119622

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86,154

Year Built

  • Built in 1926

Lot Details

  • 1.65 Acre Lot
  • West Facing Home

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Guest Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,600 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 7 Fireplaces
  • Breakfast Room
  • Formal Dining Room

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 008-341-025-000

Community Details

Overview

  • Association fees include maintenance - common area, security service
  • Pebble Beach Company Association
  • Built by Pebble Beach

Amenities

  • Courtyard

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$86,154

Year Built

Built in 1926

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Style: Luxury, Mediterranean
  • Restrictions: Pets - Allowed
  • Age: 92
  • Listing Class: Residential
  • Structure Sq Ft: 6600
  • Complex Name: Pebble Beach
  • Incorporated: Yes
  • Year Built: 1926
  • Zoning Description: R-1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Gas Burning, Gas Log, Gas Starter
  • Dining Room: Breakfast Room, Formal Dining Room
  • Living Sq Ft: 6600
  • Stories: 2
  • Security: Security Guard
  • Fireplaces Min: 7
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile
  • View: Bay, Ocean
  • Yard/Grounds: Balcony / Patio, Courtyard
  • Pool: Yes
  • Property Faces: West

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking, Parking Area, Room for Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 50
  • HOA Amenities: Community Security Gate
  • HOA Fee Frequency: Annually
  • Association Fees Include: Maintenance - Common Area, Security Service
  • H O A Name Text: Pebble Beach Company
  • H O A Exist: Yes

Schools

  • School District: Carmel Unified

Lot Info

  • Parcel Number: 008-341-025-000
  • Lot Acres: 1.6500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 71874.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 71874.00

Multi Family

  • Utilities: Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Carmel Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2018
Closed on
Feb 13, 2019
Sold by
Cadg Pebble Beach Llc
Bought by
Katsoudas John P and Katsoudas Francine S
Seller's Agent
Sharon swallow
Coldwell Banker Realty
Buyer's Agent
Jamal Noorzoy
Alain Pinel Realtors
List Price
$7,495,000
Sold Price
$6,790,000
Premium/Discount to List
-$705,000
-9.41%
Current Estimated Value
$10,327,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,537,014
Avg. Annual Appreciation
6.73%
Original Mortgage
$3,375,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 25, 2014
Sold by
Palmeiro Rafael and Palmeiro Lynne
Bought by
Cadg Pebble Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,175,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 2005
Sold by
Bruno Theodore J
Bought by
Palmeiro Rafael and Palmeiro Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,500,000
Interest Rate
6.07%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 1997
Sold by
Bruno Theodore J
Bought by
Bruno Theodore J
Source: Public Records

Range of Values:

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Average Value
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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
Katsoudas John P $6,790,000 Old Republic Title Co
Cadg Pebble Beach Llc $4,024,000 Chicago Title Company
Palmeiro Rafael -- First American Title
Bruno Theodore J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katsoudas Family Trust $6,940,000
Closed Katsoudas Family Trust $3,300,000
Closed Katsoudas John P $3,375,000
Previous Owner Cadg Pebble Beach Llc $3,240,000
Previous Owner Cadg Pebble Beach Llc $4,175,000
Previous Owner Palmeiro Rafael $1,000,000
Previous Owner Palmeiro Rafael $2,897,694
Previous Owner Palmeiro Rafael $2,500,000
Previous Owner Palmeiro Rafael $8,500,000
Previous Owner Bruno Theodore J $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $6,790,000 -9.4% $1,029 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
09/18/2018 09/18/18 For Sale $7,495,000 -- $1,136 / 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 $86,154 $9,642,963 $5,354,490 $4,288,473
2024 $86,154 $9,453,886 $5,249,500 $4,204,386
2023 $82,237 $8,121,752 $5,146,569 $2,975,183
2022 $77,961 $7,621,718 $5,045,656 $2,576,062
2021 $76,329 $7,318,744 $4,946,722 $2,372,022
2020 $72,621 $6,925,800 $4,896,000 $2,029,800
2019 $45,771 $4,335,138 $2,477,999 $1,857,139
2018 $44,900 $4,250,136 $2,429,411 $1,820,725
2017 $43,960 $4,166,801 $2,381,776 $1,785,025
2016 $43,249 $4,085,100 $2,335,075 $1,750,025
2015 -- $4,023,738 $2,300,000 $1,723,738
2014 -- $9,475,763 $8,806,890 $668,873
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sharon swallow

    Coldwell Banker Realty

    Section Image
  • Dennis Lunder

    Seller Co-Listing Agent in 2019

    Dennis Lunder

    Dennis A. Lunder, Broker

    (408) 892-4207

    4 in this area

    46 Total Sales

    Section Image

  • J

    Buyer's Agent in 2019

    Jamal Noorzoy

    Alain Pinel Realtors

    Section Image
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Map

Source: MLSListings

MLS Number: ML81724069

MLSListings

APN: 008-341-025-000

California Monterey County Pebble Beach 93953

1531 Riata Rd, Pebble Beach, CA

This home is located at 1531 Riata Rd, Pebble Beach, CA 93953 since 18 September 2018 and is currently estimated at $10,327,014, approximately $1,564 per square foot. This property was built in 1926. 1531 Riata Rd is a home located in Monterey County with nearby schools including Carmel River Elementary School, Carmel Middle School, and Carmel High School.

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