Pebble Beach Food & Wine is in full effect on the Peninsula this weekend! PBFW brings legendary wineries and world-renowned chefs together to create the dining and tasting experience of a lifetime. We enjoyed VIP Opening Night last night which consisted of the Barilla 8th Annual Pasta World Championship, platings from 22 of the finest chefs in the country, and an exclusive “vintage hour” at the Inn at Spanish Bay. The remainder of the weekend entails dozens of incredible cooking demonstrations, wine pairings and tastings, and informational. Please visit www.PBFW.com to view the schedule and purchase tickets. We hope you enjoy the epicurean delights PBFW has to offer. Cheers!
Pebble Beach remained productive with 4 closings and 2 new sales this week. A newly built Mediterranean near MPCC sold for 20% off original/9.5% off the most recent list price at $3.6M this week (DOM = 240) as did a Comstock inspired 1930’s build (sale price: $2.595M – full price, DOM = 2), a single-level fixer (sale price: $1.404M, 4% off the list price, DOM = 9), and a similar traditional style product (sale price: $1.2835M, 3% off the list price, DOM = 121), all of which were located in Country Club West. Canning Properties Group is honored to represent the top new sale in Pebble this week – Casa Ladera, an iconic estate with magnificent grounds overlooking Carmel Beach and Stillwater Cove, which went into escrow after 3 months on the market (list price: $16.5M). The other new sale in Pebble this week was a dated ocean view condominium unit at Spanish Bay, which went into contract after less than 1 month on the market with a list price of $3.9M.
Carmel also experienced a steady week with 3 closed escrows and 3 new sales, all below the $3M mark. Closings included a Craftsman-style home in the Golden Rectangle (sale price: $2.5M, 7% off the list price, DOM = 122), a comfortable single level in Hatton Fields (sale price: $2.435M, 4% off the list price, DOM = 38), and a cottage off Carpenter Street in NE Carmel which clocked in full price at $1.025M after 1 week on the market. New sales consisted of a beautifully remodeled cottage near Mission Trails Park which went into contract off-market (list price: $1.895M), a tiny 1 bed/1bath in NW Carmel (list price: $1.15M, DOM = 206), and a cozy cottage in NE Carmel which was on the market for less than 2 weeks (list price: $985K).
The Carmel Highlands front line woke up this week – a rebuilding opportunity with frontage on Ribera Road closed for $5.2M (17% off original list price or 10% off most recent list price) after 9 months on the market and a contemporary glass home sited on Wildcat Cove went into escrow with an ask of $9.7M after coming on and off the market over the past year and a half. The other new sale in the region this week was a cute 1960’s-built renovated home in Carmel Meadows which was on the market for 2 ½ months and listed for $2.298M.
There was no activity to report this week in Quail or the Preserve.