NOT LISTED FOR SALE

Estimated Value: $5,788,000 - $24,346,682

6 Beds
6 Baths
4,335 Sq Ft
$3,476/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $26,000,000 $5,998 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $106,571/month

27 Days on Market

Highlights

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

About This Home

As of March 2022

Spindrift, the most iconic oceanfront estate in the Carmel Highlands, is on the market for the first time in nearly fifty years. Seven flat, awe-inspiring acres serve as the backdrop of this 4,300 square foot English manor house designed by Charles Gottschalk and Charles Sumner Greene, which includes six bedrooms, six bathrooms, and various outbuildings. The gated granite entrance welcomes you with a cypress tree-lined driveway. Surrounded by three sides of the Pacific Ocean and protected by stunning cypress groves, the coastal views and privacy are unparalleled. Private hiking trails on two ocean bluffs conclude at the water's edge with access to tidepools and a secluded cove. If you are looking for a once-in-a-generation oceanfront estate, you have found it.

Last Agent to Sell the Property

Jonathan Spencer

Compass License #01916757 Listed on: 01/05/2022

Compass

Last Buyer's Agent

Michael Gilson

Coldwell Banker Realty License #01749833

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $280,268

Year Built

  • 1922

Lot Details

  • 7.18 Acre Lot
  • Southwest Facing Home
  • Security Fence
  • Gated Home
  • Secluded Lot
  • Mostly Level
  • Drought Tolerant Landscaping
  • Back Yard

Parking

  • 4 Car Detached Garage
  • Workshop in Garage

Home Design

  • Post and Beam
  • English Architecture
  • Raised Foundation
  • Wood Frame Construction
  • Wood Shingle Roof
  • Composition Roof
  • Bitumen Roof
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 4,335 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Wine Cellar
  • Living Room with Fireplace
  • 4 Fireplaces
  • Breakfast Room
  • Dining Area
  • Den
  • Library
  • Workshop
  • Ocean Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Synthetic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Loft Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 6 Full Bathrooms
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry in Utility Room
  • Electric Dryer Hookup

Home Security

  • Security Lights
  • Security Gate
  • Alarm System

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Forced Air Zoned Heating System
  • Baseboard Heating
  • Well

Community Details

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$280,268

Year Built

1922

Lot Details

0

Parking

4

Listing Details

  • Zoning: LDR/1-D(CZ) & RC-D(20')(CZ)
  • Subclass: Single Family Home
  • Style: English
  • Age: 100
  • Listing Class: Residential
  • Structure Sq Ft: 4335
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1922

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Primary Bedroom, Wood Burning
  • Dining Room: Breakfast Room, Dining Area
  • Kitchen: Cooktop - Electric, Countertop - Synthetic, Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 4335
  • Stories: 2
  • Security: Security Alarm, Security Fence, Security Lights
  • Bedrooms: Loft Bedroom, More Than One Bedroom On Ground Floor, Primary Bedroom On Ground Floor, Walk-In Closet
  • Laundry: Electricity Hookup (220V), In Utility Room
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office, Library, Wine Cellar / Storage, Workshop
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Bathroom: Full On Ground Floor, Granite, Primary - Stall Shower(s), Stall Shower - 2+, Stone, Tub In Primary Bedroom, Tubs - 2+

Exterior Features

  • Foundation: Concrete Perimeter, Post And Beam, Raised
  • Roof: Bitumen, Composition, Wood Shakes / Shingles
  • View: Ocean, Water, Water Front
  • Yard/Grounds: Back Yard, Balcony / Patio, Courtyard, Drought Tolerant Plants, Fenced, Storage Shed / Structure
  • Fencing: Gate, Mixed Height / Type
  • Property Faces: Southwest
  • Pool: Spa / Hot Tub
  • Construction Type: Stone, Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Attached Garage, Detached Garage, Workshop In Garage

Utilities

  • Heating System: Baseboard, Central Forced Air, Electric, Heating - 2+ Zones
  • Sewer/Septic System: Storage Tank

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate, Walk-In Closet

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 - Mostly Level, Private / Secluded, Views
  • Lot Acres: 7.1800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 312761.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 312761.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 23, 2022
Sold by
Patricia Maino 1986 Trust
Bought by
171 Spindrift Llc
Seller's Agent
Jonathan Spencer
Compass
Buyer's Agent
Michael Gilson
Coldwell Banker Realty
List Price
$29,000,000
Sold Price
$26,000,000
Premium/Discount to List
-$3,000,000
-10.34%
Current Estimated Value
$15,067,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,932,659
Avg. Annual Appreciation
-14.99%
Original Mortgage
$18,200,000
Outstanding Balance
$17,363,534
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
-$2,296,193

Purchase Details

Closed on
Jun 11, 2021
Sold by
Mcgee Maino Patricia
Bought by
Patricia Maino 1986 Trust

Purchase Details

Closed on
May 18, 2021
Sold by
Mcgee Maino Patricia
Bought by
Patricia Maino 1986 Trust

Purchase Details

Closed on
Oct 6, 1999
Sold by
Maino Patricia
Bought by
Maino Patricia
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
171 Spindrift Llc $26,000,000 Chicago Title
Patricia Maino 1986 Trust -- --
Patricia Maino 1986 Trust -- --
Maino Patricia -- --
Maino Patricia -- --
Maino Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 171 Spindrift Llc $18,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $26,000,000 -10.3% $5,998 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $29,000,000 -- $6,690 / 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 $280,268 $27,591,408 $23,346,576 $4,244,832
2024 $280,268 $27,050,400 $22,888,800 $4,161,600
2023 $279,013 $26,520,000 $22,440,000 $4,080,000
2022 $275,215 $26,000,000 $22,000,000 $4,000,000
2021 $7,969 $745,650 $321,681 $423,969
2020 $7,803 $738,005 $318,383 $419,622
2019 $7,656 $723,536 $312,141 $411,395
2018 $7,518 $709,350 $306,021 $403,329
2017 $7,365 $695,442 $300,021 $395,421
2016 $7,250 $681,807 $294,139 $387,668
2015 -- $671,566 $289,721 $381,845
2014 -- $658,412 $284,046 $374,366
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81873558

MLSListings

APN: 241-331-002-000