NOT LISTED FOR SALE

1487 Padre Ln Pebble Beach, CA 93953

Pebble Beach Neighborhood

Estimated Value: $6,626,000 - $12,225,203

5 Beds
5.5 Baths
5,660 Sq Ft
$1,531/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $8,850,000 $1,564 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $59,754/month

20 Days on Market

Highlights

  • Private Pool
  • 0.62 Acre Lot
  • Open to Family Room
  • Carmel River Elementary School Rated A+
  • Living Room with Fireplace
  • Central Air

About This Home

As of April 2019

RESORT-LIKE PEBBLE BEACH ESTATE STEPS FROM THE LODGE. Presenting a brand-new bright, fresh & spacious 5600+ Sq Ft state-of-the-art residence just steps from the Pebble Beach Lodge & PB Golf Course! This home breaks the mold with its 5 spacious suites, generous sized and amazingly luxurious common areas, and state-of-the-art kitchen. This gated sun-blessed 27,000 sq.ft. estate boasts a park-LIKE setting with peeks to the water, a large swimming pool, a sizable patio with built-in barbecue island, numerous private bedroom decks, a two-story living room complete with full-sized bar, a 3 car garage & generous off-street parking. This amazing home is the perfect place for entertaining & luxurious living, located conveniently in the heart of Pebble Beach's estate area.

Last Listed By

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 01/28/2019

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $136,709

Year Built

  • Built in 2018

Lot Details

  • 0.62 Acre Lot
  • Zoning described as LDR/1.5-D(CZ)

Parking

  • 3 Car Garage

Home Design

  • Slab Foundation
  • Elastomeric Roof

Interior Spaces

  • 5,660 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • 4 Fireplaces
  • Dining Area
  • Open to Family Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Outdoor Fireplace

Utilities

  • Central Air
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 008-441-009-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$136,709

Year Built

Built in 2018

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Age: 1
  • Listing Class: Residential
  • Structure Sq Ft: 5660
  • Year Built: 2018
  • Zoning Description: LDR/1.5-D(CZ)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room, Outside
  • Dining Room: Dining Area
  • Living Sq Ft: 5660
  • Stories: 2
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Spa / Hot Tub
  • Roof: Elastomeric
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Carmel Unified

Lot Info

  • Parcel Number: 008-441-009-000
  • Lot Acres: 0.6200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 27007.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 27007.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Carmel Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Leslie And Heather Stretch 2014 Trust
Bought by
1487 Padre Lane Llc
Total Days on Market
20
Current Estimated Value
$8,664,734

Purchase Details

Listed on
Jan 28, 2019
Closed on
Mar 26, 2019
Sold by
Allen Timothy K and Allen Lynn M
Bought by
Stretch Leslie and Stretch Heather
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Malone Hodges
Carmel Realty Company
List Price
$9,995,000
Sold Price
$8,850,000
Premium/Discount to List
-$1,145,000
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.35%
Original Mortgage
$3,500,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 26, 2015
Sold by
Allen Timothy K and Allen Lynn M
Bought by
The Allen Family 1997 Revocable Trust

Purchase Details

Closed on
Jun 2, 2015
Sold by
Allen Timothy K and Allen Lynn M
Bought by
Allen Timothy K and Allen Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,237,320
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 12, 2014
Sold by
Straface Daniel S and Straface David
Bought by
Allen Timothy K and Allen Lynn M

Purchase Details

Closed on
Sep 23, 2011
Sold by
Straface Daniel S and Straface David
Bought by
Straface Daniel S and Straface David

Purchase Details

Closed on
May 5, 2008
Sold by
Bruno Bart and Bruno James
Bought by
Straface Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 6, 2006
Sold by
Riehl Donald R and The Donald R Riehl Revocable T
Bought by
Straface Frank J and Bruno Bart

Purchase Details

Closed on
Dec 12, 1996
Sold by
Riehl Donald R
Bought by
Riehl Donald R and The Donald R Riehl Revocable T

Range of Values:

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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
1487 Padre Lane Llc $12,600,000 Chicago Title
Stretch Leslie $8,850,000 Old Republic Title Company
The Allen Family 1997 Revocable Trust -- First American Title Co Er S
Allen Timothy K -- First American Title Company
Allen Timothy K -- First American Title Company
Straface Daniel S -- First American Title Company
Straface David -- First American Title Company
Straface Daniel S -- None Available
Straface Frank J $1,030,000 Accommodation
Straface Frank J -- Stewart Title Of California
Riehl Donald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stretch Leslie $5,000,000
Previous Owner Stretch Leslie $3,500,000
Previous Owner Allen Timothy K $2,237,320
Previous Owner Straface Frank J $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $8,850,000 -11.5% $1,564 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $9,995,000 -- $1,766 / 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
2024 $136,709 $13,109,040 $9,363,600 $3,745,440
2023 $136,021 $12,852,000 $9,180,000 $3,672,000
2022 $97,331 $12,600,000 $9,000,000 $3,600,000
2021 $96,318 $9,120,519 $6,183,403 $2,937,116
2020 $94,241 $9,027,000 $6,120,000 $2,907,000
2019 $43,974 $4,174,698 $1,318,698 $2,856,000
2018 $43,134 $4,092,842 $1,292,842 $2,800,000
2017 $24,152 $2,267,493 $1,267,493 $1,000,000
2016 $14,635 $1,346,194 $1,242,641 $103,553
2015 $13,990 $1,325,974 $1,223,976 $101,998
2014 $18,877 $1,778,875 $1,595,248 $183,627
Source: Public Records

Agents Affiliated with this Home

  • Tim Allen

    Seller's Agent in 2019

    Tim Allen

    Coldwell Banker Realty

    (831) 214-1990

    104 in this area

    353 Total Sales

    Tim Allen
    Section Image
  • Malone Hodges

    Buyer's Agent in 2019

    Malone Hodges

    Carmel Realty Company

    (831) 601-4740

    7 in this area

    49 Total Sales

    Malone Hodges
    Section Image
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Map

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Source: MLSListings

MLS Number: ML81736812

MLSListings

APN: 008-441-009-000

California Monterey County Pebble Beach 93953 Pebble Beach

1487 Padre Ln, Pebble Beach, CA

Homes for Sale in Pebble Beach, CA

This home is located at 1487 Padre Ln, Pebble Beach, CA 93953 since 28 January 2019 and is currently estimated at $8,664,734, approximately $1,530 per square foot. This property was built in 2018. 1487 Padre Ln 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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