Yes, you heard right, $177 million – the highest sale ever in California history and second highest sale in the country has just transpired between fashion mogul, Serge Azria, as seller and Silicon Valley-based venture capitalist, Marc Andreessen, the buyer.
For those of us that have more simple tastes, it’s hard to imagine how one home can be worth so much to a person – but then – after all, it is in Malibu.
For those buyers that are more economically minded, come check out the beautiful Monterey Peninsula. You won’t have to pay so much!
Looking to buy a lovely home by the beach? Check out Carmel, CA. I’m happy to show you our unique and lovely homes for a fraction of the costs in Malibu.
Susan Clark, realtor, Carmel Realty Company 831-320-6801
The Country Club West Area of Pebble Beach has become “the place to live” on the Monterey Peninsula. Just listed in this much sought after area, is 2845 Coyote Road. $1,800,000. Close to Spanish Bay, MPCC, and the BEACH! Not to mention gorgeous golf courses, a beautiful coastline with all kinds of wild life, and luxury golf clubs and resorts. You too can live the Pebble Beach lifestyle for under $2 million.
Imagine teeing off on this gorgeous spot! MPCC Shore Course
This lovely single level three bedroom, two bath home is located close to the Inn at Spanish Bay, MPCC, numerous golf courses, and the beach!
Country Club West coastline ~ unparalleled beauty!
A spacious living room with brick fireplace, an adjacent formal dining room, and beautiful hardwood floors offer a bright and inviting living space.Additional living areas to be enjoyed are the family room also with a sizable brick fireplace and a large bright solarium. The kitchen with its breakfast nook makes informal meals easy and you’ll love the convenience of the nearby laundry room. The rear patio and extensive backyard with its majestic oak trees provide a park-like setting to enjoy outside living. Two-car garage and the coveted Pacific Grove School district.
1232 Padre Lane, Pebble Beach ~ Courtesy of Alain Pinel Realtors
As a realtor on the Monterey Peninsula selling to luxury buyers I was very interested in this Inman article entitled “Essential Guide to the New Luxury Real Estate Market” where the new luxury buyer of real estate is discussed. We have many lovely luxury homes here in Carmel, Carmel Highlands, Pebble Beach, even Pacific Grove and Monterey, but the article discusses luxury buying trends in the entire country and “what’s happening”! Kind of fun to know what the current trends are in other areas of the country. Curious? click on this link.
24 PotreroTrail, Carmel ~Courtesy of Alain Pinel Realtors
A few interesting facts . . . the largest proportion of luxury buyers now are Generation X (ages 38-53) making up 49% of the luxury market! Baby Boomers (ages 54-72) make up 33% of luxury buyers and those aged 72+ only 1.75%. Guess they are all busy down-sizing.
Dolores & 7th, Carmel-by-the-Sea ~ Courtesy of Alain Pinel Realtors
The “New Aristocracy” of well off young people aged 25-40 make up 15% and most of these buyers are heading to the urban centers and looking for contemporary style homes. Not exactly what we have in Carmel. San Francisco seems to attract this demographic.
San Francisco is attracting many young luxury buyers
All of these buyers at looking for something different so it really can boggle the mind of a realtor trying to figure out what is right for their luxury client.
7030 Valley Knoll Road, Carmel ~ Courtesy of Alain Pinel Realtors
Where are they buying? New places that are particularly getting “hot” are Boston, Florida (with no state income tax), Lake Tahoe (again places like Incline Village in Nevada have no state income tax), Seattle, and New York.
Luxury Portfolio of which Alain Pinel Realtors is a founding member, is quoted throughout the article as are other luxury brands. In any case, we have a changing real estate world!
