$8,750,000
SOLD SEP 15, 2025
5 Beds
7 Baths
9,123 Sq Ft
5.05 Acres

Recently Sold

$959 Per Sq Ft

20% Below List Price

368 Days on Market

Highlights

  • Ocean View
  • 5.05 Acre Lot
  • Formal Dining Room
  • Monterey High School Rated A
  • Fireplace in Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of September 2025

Nestled on a stunning hillside amid magnificent gardens, this luxurious property is the result of meticulous planning and craftsmanship, culminating in an impressive eight-and-a-half-year build. Every detail has been thoughtfully considered, from the hand-carved limestone fireplaces and intricate masonry to the fumed French oak floors and hand-hewn beams. Adorned with Jan de Luz antiques throughout, the landscape is a masterpiece of elegance, featuring Koi ponds, fountains, and granite reclaimed from France, all seamlessly integrated to create a timeless atmosphere that feels as if it has existed for a century. Additional features include a custom wooden three-bay garage, a separate guest house, a beautiful glass atrium, over 40 hand-picked varietals of fruit trees, an elevator, a silver closet, a game room, and an outdoor kitchen. The house is equipped with air conditioning, a generator, an in-ground custom spa and Cal-Am water. Just a short drive from the incredible attractions of Pebble Beach, Carmel, and beyond, this estate embodies a harmonious blend of art, design, and functionality. It is a testament to the passion and precision of the experts who crafted this home, resulting in unparalleled beauty and elegance.

Last Agent to Sell the Property

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 08/16/2024

Coldwell Banker Realty

Last Buyer's Agent

Jonathan Balog

Compass License #01980970

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 5.05 Acre Lot

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Bay

Home Design

  • Raised Foundation
  • Slab Foundation
  • Slate Roof
  • Tile Roof

Interior Spaces

  • 9,123 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • 5 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 103-151-009-000

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 9123
  • Year Built: 2016
  • Zoning Description: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Primary Bedroom
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 9123
  • Stories: 2
  • Fireplaces Min: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Slate, Tile
  • View: Bay, Ocean, Water

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Septic Tank / Pump

Lot Info

  • Parcel Number: 103-151-009-000
  • Lot Acres: 5.0500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 219978.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 219978.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Sep 9, 2025
Sold by
Riches Family Trust and Helvey Michelle R
Bought by
Arastou Monjazeb Living Trust and Monjazeb
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Jonathan Balog
Compass
List Price
$10,990,000
Sold Price
$8,750,000
Premium/Discount to List
-$2,240,000
-20.38%
Views
941
Current Estimated Value
$8,649,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,310
Avg. Annual Appreciation
-3.90%

Purchase Details

Closed on
Sep 19, 2017
Sold by
Riches Lawrence Victor and Riches Carolyn C
Bought by
Riches Lawrence Victor and Riches Carolyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,350,000
Interest Rate
2.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 8, 2014
Sold by
Riches Lawrence Victor and Riches Carolyn C
Bought by
Riches Family Trust

Purchase Details

Closed on
Sep 16, 2009
Sold by
Larson Clayton C and Larson Sharon Joy
Bought by
Riches Lawrence Victor and Riches Carolyn C

Purchase Details

Closed on
Mar 11, 2009
Sold by
Larson Clayton C and Larson Sharon Joy
Bought by
Larson Clayton C and Larson Sharon Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 20, 1998
Sold by
Larson Clayton C and Larson Sharon J
Bought by
Larson Clayton C and Larson Sharon Joy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $8,750,000 Old Republic Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,350,000 Adjustable Rate Mortgage/ARM
Previous Owner $400,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 Sold $8,750,000 -12.5% $959 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
06/24/2025 06/24/25 Price Changed $9,995,000 -9.1% $1,096 / Sq Ft
06/13/2025 06/13/25 For Sale $10,990,000 0.0% $1,205 / Sq Ft
05/31/2025 05/31/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $10,990,000 -12.1% $1,205 / Sq Ft
10/24/2024 10/24/24 Price Changed $12,500,000 -15.3% $1,370 / Sq Ft
08/16/2024 08/16/24 For Sale $14,750,000 -- $1,617 / 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 $56,598 $5,397,838 $2,531,023 $2,866,815
2024 $56,598 $5,291,999 $2,481,396 $2,810,603
2023 $56,219 $5,188,236 $2,432,742 $2,755,494
2022 $55,443 $5,086,507 $2,385,042 $2,701,465
2021 $54,635 $4,986,773 $2,338,277 $2,648,496
2020 $52,557 $4,935,640 $2,314,301 $2,621,339
2019 $55,198 $4,838,864 $2,268,923 $2,569,941
2018 $52,964 $4,743,985 $2,224,435 $2,519,550
2017 $49,295 $4,669,985 $2,224,435 $2,445,550
2016 $46,090 $4,357,635 $2,180,819 $2,176,816
2015 $44,969 $4,248,349 $2,148,062 $2,100,287
2014 $41,205 $3,882,772 $2,105,985 $1,776,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81977045

MLSListings

APN: 103-151-009-000