Seller's Agent in 2024
Tim Allen
Coldwell Banker Realty
(831) 214-1990
29 in this area
338 Total Sales
5481 Covey Ct Carmel, CA 93923
Carmel Valley NeighborhoodEstimated Value: $7,702,917 - $8,097,000
6
Beds
5.5
Baths
6,760
Sq Ft
$1,165/Sq Ft
Est. Value
Highlights
- Ocean View
- 3.5 Acre Lot
- Formal Dining Room
- Tularcitos Elementary School Rated A
- Fireplace in Primary Bedroom
- 3 Car Detached Garage
About This Home
As of November 2024Located next to all the amenities at Quail Lodge and nearby clubs at Tehama and Santa Lucia Preserve, this stunning and ultra-private estate was meticulously designed by Hart Howerton with the highest quality and unique pieces sourced from all over the world. Every inch of the property is exceptional, beginning with the antique front entry gate from London, up the olive tree-lined motor court, past the Jerusalem Stone courtyard and reflection pond, and out to the expansive backyard with west-facing views. Highlights include a separate guest house, beautiful radiant heated hickory and Jerusalem stone floors, gourmet kitchen, luxurious primary suite with clawfoot tub, a car lovers dream 3-car garage with ~1,000 SqFt basement/game room and wine cellar, Tesla charger, solar power, and beautiful landscaped grounds with direct access to hiking trails and meandering paths leading to a recessed hot tub, fireplace, and multiple seating areas. Also optional with the property is a highly sought-after Ranch Social and Golf Membership at The Preserve. From sunrises over the Santa Lucias to glorious oceanview sunsets, this extraordinary property enjoys the very best of its prime location, elegant living spaces, and all the amenities of Quail Lodge and the Monterey Peninsula within minutes.
Home Details
Home Type
- Single Family
Year Built
- Built in 2008
Lot Details
- 3.5
HOA Fees
- $433 Monthly HOA Fees
Parking
- 3 Car Detached Garage
Property Views
- Ocean
- Mountain
- Neighborhood
Home Design
- Raised Foundation
- Slab Foundation
- Tile Roof
Interior Spaces
- 6,760 Sq Ft Home
- Family Room with Fireplace
- 4 Fireplaces
- Living Room with Fireplace
- Formal Dining Room
Bedrooms and Bathrooms
- 6 Bedrooms
- Fireplace in Primary Bedroom
Utilities
- Radiant Heating System
- Agricultural Well Water Source
Additional Features
- Outdoor Fireplace
- 3.5 Acre Lot
Community Details
- Association fees include maintenance - common area, maintenance - road, management fee, security service
- Terra Vista Association
- Built by Quail Meadows
Listing and Financial Details
- Assessor Parcel Number 157-171-072-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2025
Sold by
Gill Jagroop S and Revoc Rupinder
Bought by
Rj Gill Family 2021 Ng Dynasty Trust and Gill
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$996,459
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$6,878,513
Purchase Details
Listed on
Apr 15, 2024
Closed on
Oct 25, 2024
Sold by
Caouette John B and Caouette Jo Margaretta
Bought by
Jagroop S Gill And Rupinder K Gill Revocable and Gill
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Tim Allen
Coldwell Banker Realty
List Price
$10,500,000
Sold Price
$8,000,000
Premium/Discount to List
-$2,500,000
-23.81%
Views
187
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.25%
Purchase Details
Closed on
Jan 28, 2020
Sold by
Caouette John B and Caouette Margaretta J
Bought by
Caouette John B and Caouette Margaretta Judith Johnson
Purchase Details
Closed on
Jul 1, 2002
Sold by
Quail Lodge Inc
Bought by
Caouette John B and Caouette Margaretta J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.71%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rj Gill Family 2021 Ng Dynasty Trust | $7,800,000 | First American Title | |
| Jagroop S Gill And Rupinder K Gill Revocable | $8,000,000 | Chicago Title | |
| Caouette John B | -- | None Available | |
| Caouette John B | $2,600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rj Gill Family 2021 Ng Dynasty Trust | $1,000,000 | |
| Previous Owner | Caouette John B | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $8,000,000 | -11.1% | $1,183 / Sq Ft |
| 09/11/2024 09/11/24 | Pending | -- | -- | -- |
| 07/27/2024 07/27/24 | Price Changed | $8,995,000 | -5.3% | $1,331 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $9,500,000 | -9.5% | $1,405 / Sq Ft |
| 04/15/2024 04/15/24 | For Sale | $10,500,000 | -- | $1,553 / Sq Ft |
Source: MLSListings
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 | $61,749 | $8,000,000 | $3,500,000 | $4,500,000 |
| 2024 | $61,749 | $8,000,000 | $3,500,000 | $4,500,000 |
| 2023 | $61,630 | $5,749,796 | $3,598,574 | $2,151,222 |
| 2022 | $59,690 | $5,637,056 | $3,528,014 | $2,109,042 |
| 2021 | $51,113 | $4,775,000 | $2,988,000 | $1,787,000 |
| 2020 | $50,527 | $4,775,000 | $2,988,000 | $1,787,000 |
| 2019 | $47,655 | $4,498,000 | $2,815,000 | $1,683,000 |
| 2018 | $44,294 | $4,175,000 | $2,613,000 | $1,562,000 |
| 2017 | $42,824 | $4,044,000 | $2,531,000 | $1,513,000 |
| 2016 | $39,744 | $3,800,000 | $2,378,000 | $1,422,000 |
| 2015 | $36,967 | $3,529,000 | $2,209,000 | $1,320,000 |
| 2014 | $44,534 | $4,216,000 | $2,639,000 | $1,577,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Allen
Map
Source: MLSListings
MLS Number: ML81961426
APN: 157-171-072-000
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