
Pebble Beach, California 93953
This Mid-Century Estate represents a High-Potential Investment Opportunity, listed at $8,275,000—positioned well below the $8,603,182 Fair Market Value by 3%. This valuation gap offers $328,182 in Instant Equity. While the property maintains a Condition Rating of 4, the 1.74-acre lot and iconic Stillwater Cove views provide a rare foundation for modernization. This landmark asset is ideal for Value-Add Investors or Owner-Occupants seeking to restore a historic Pebble Beach residence to contemporary luxury standards.
Property is moderate renovation needed.
The 1957 property is well-maintained and structurally sound, but the kitchen and bathrooms feature a dated renovation likely from 15-30 years ago that requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 75882, living area = 3570.
Situated on the prestigious Crespi Lane, the estate offers sweeping, unobstructed views of Stillwater Cove and the legendary 17th hole of Pebble Beach.
The rare 1.74-acre level corner lot provides a massive, private, and sun-drenched footprint that is highly coveted in this exclusive coastal enclave.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3570, other record living area = 3220.
Built in 1957, the home likely requires significant capital investment to update its original systems and finishes to meet contemporary luxury standards.
At a price point exceeding $8 million, the three-bedroom configuration may be considered insufficient for buyers seeking a larger family estate or extensive guest quarters.
Tucked away behind a private gated entrance on one of the most storied lanes in Pebble Beach, this 1957 mid-century classic offers a rare connection to the golden era of Pebble Beach. Occupying a magnificent 1.74-acre level corner lot, the estate is perfectly positioned to capture sweeping views of Stillwater Cove and the iconic 17th hole. The residence is a stunning example of single-story design, framed by the sculptural beauty of majestic oak trees. Inside, high ceilings and walls of glass create an effortless flow, inviting an abundance of natural light. It's a home that feels both grand and intimate, offering a canvas that respects its historical roots while providing a setting for modern life. The grounds are equally impressive, a sun-drenched expanse surrounded by some of the most prestigious estates in the world. Whether you're enjoying the coastal breeze from the patio or watching the light change over the cove, the sense of place here is undeniable. This is more than just a home; it is a piece of Pebble Beach history waiting for its next chapter. Rare, private, and utterly timeless, 1651 Crespi Lane is an opportunity to own a landmark location in one of the coast's most coveted enclaves.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 3.0 | 3.7 |
| Square foot | 3,570 | 3,141.833 |
| Lot Size | 75,882 | 19,480.333 |
| Price | $8.28M | $4.19M |
| Price per sq ft | $2.3K | $1.3K |
| Built year | 1957 | 1975 |
| HOA | $0 | $565 |
| Days on market | 43 | 87 |
Sep 11, 2026
$8,275,000
Initial Listing
Jul 14, 2016
$3,800,000
Public Record
Nov 16, 1998
$1,900,000
Public Record
Nov 14, 1996
$1,550,000
Public Record