NOT LISTED FOR SALE

Estimated Value: $6,099,521 - $7,705,000

1.1 Acres
$6,523,755 Price per Acre
47,916 Sq Ft Lot

Last Sold December 30, 2024

Last sale price $6,500,000 $2,119 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $41,523/month

238 Days on Market

About This Lot

As of December 2024

As one of the prime locations available on California's stunning Central coast, this 1.1 acre oceanfront parcel with designs by world-renowned Studio Schicketanz comes with fully approved plans and offers a rare opportunity to create your dream home in the gated community of Aurora Del Mar. Overlooking expansive views of Otter Cove's dramatic seascape and the endless Pacific beyond, the property is the last remaining lot in the community of 18 homes. The Main House is approved by the Planning Department and Building Permit ready. The design is for a stunning ~5,200 SqFt home and is thoughtfully executed to feature the premier setting and views with walls of glass, concrete and wood accents, plus a ~520 SqFt 2-car garage. There are plans for a future ~480 SqFt detached guest house which have not yet been submitted for Permit approval. Experience living in one of the most beautiful and dramatic settings in the world, with easy access to all the amenities of the Monterey Peninsula.

Last Agent to Sell the Property

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 04/10/2024

Coldwell Banker Realty

Last Buyer's Agent

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 04/10/2024

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 1.1

Utilities

  • Gas Available
  • Septic Tank

Additional Features

  • 1.1 Acre Lot
  • Ocean Views

Community Details

  • Property has a Home Owners Association
  • Otter Cove HOA

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: Res
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Residential
  • Development Status: Approved Building Plan
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Utilities

  • Sewer/Septic System: Septic Connected

Condo/Co-op/Association

  • HOA Fees: 500
  • HOA Exist: Yes
  • H O A Name Text: Otter Cove HOA

Lot Info

  • Lot Description: Views
  • Lot Acres: 1.1000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 47916.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 47916.00
  • Parcel Access: Accessible

Multi Family

  • Utilities: Electricity - On Site, Gas - On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Dec 19, 2024
Sold by
Diligent Lending Llc
Bought by
Harrell 2015 Management Trust and Harrell
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Tim Allen
Coldwell Banker Realty
List Price
$7,950,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,450,000
-18.24%
Views
239
Current Estimated Value
$7,176,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,130
Avg. Annual Appreciation
10.29%

Purchase Details

Listed on
May 15, 2023
Closed on
Dec 15, 2023
Sold by
David S Love And Jayne D Love Family Tru
Bought by
Diligent Lending Llc
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$7,950,000
Sold Price
$7,525,000
Premium/Discount to List
-$425,000
-5.35%
Views
642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.88%

Purchase Details

Closed on
Sep 27, 2022
Sold by
David S Love And Jayne D Love Family Tru
Bought by
County Of Monterey Housing And Community Deve

Purchase Details

Listed on
Apr 23, 2020
Closed on
Nov 5, 2020
Sold by
Richard D Macdonald Family Partnershi
Bought by
Love David S and Love Jayne D
Seller's Agent
Nancy Reagan
Nancy Reagan Realty
Buyer's Agent
Nancy Reagan
Nancy Reagan Realty
List Price
$4,425,000
Sold Price
$4,400,000
Premium/Discount to List
-$25,000
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%

Purchase Details

Closed on
Jan 19, 2016
Sold by
Macdonald Richard D
Bought by
Richard D Macdonald Family Partnership

Purchase Details

Closed on
Mar 29, 2007
Sold by
Macdonald Richard D
Bought by
Revoc Macdonald Richard D

Purchase Details

Closed on
Nov 4, 2004
Sold by
Jpmorgan Chase Bank
Bought by
Macdonald Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,623,750
Interest Rate
4.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2000
Sold by
Messick Edward O and Messick Elizabeth B
Bought by
Messick Edward O and Messick Elizabeth B
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 Buyer Sale Price Title Company
Harrell 2015 Management Trust $6,500,000 First American Title
Diligent Lending Llc $7,525,000 First American Title
County Of Monterey Housing And Community Deve -- --
Monterey County Housing And Community Develop -- --
Love David S $4,400,000 Fidelity National Title Co
Richard D Macdonald Family Partnership -- None Available
Revoc Macdonald Richard D -- None Available
Macdonald Richard D -- First American Title
Messick Edward O -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macdonald Richard D $3,623,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Sold $6,500,000 -18.2% $2,119 / Sq Ft
12/05/2024 12/05/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $7,950,000 +5.6% $2,591 / Sq Ft
01/09/2024 01/09/24 Sold $7,525,000 -5.3% $2,453 / Sq Ft View Prior Sale
09/05/2023 09/05/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $7,950,000 +80.7% $2,591 / Sq Ft
11/09/2020 11/09/20 Sold $4,400,000 -0.6% $1,434 / Sq Ft View Prior Sale
05/06/2020 05/06/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $4,425,000 -- $1,442 / 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 $48,433 $6,500,000 $6,450,000 $50,000
2024 $48,433 $6,500,000 $6,450,000 $50,000
2023 $48,182 $4,577,760 $4,577,760 $0
2022 $46,596 $4,488,000 $4,488,000 --
2021 $46,134 $4,400,000 $4,400,000 $0
2020 $58,913 $5,682,768 $5,682,768 $0
2019 $62,734 $6,048,885 $5,571,342 $477,543
2018 $60,360 $5,814,000 $5,355,000 $459,000
2017 $60,294 $5,814,000 $5,355,000 $459,000
2016 $61,917 $5,947,973 $5,171,365 $776,608
2015 $61,056 $5,858,630 $5,093,687 $764,943
2014 $47,357 $4,500,000 $3,900,000 $600,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81960792

MLSListings

APN: 243-331-003-000