1651 Crespi Lane, Pebble Beach, California 93953, Pebble Beach, 93953 - 4 bed, 3 bath
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Pebble Beach, California 93953
This property presents a High-Potential Investment Opportunity with a List Price of $8,995,000, currently priced at its $8,995,000 Fair Market Value. Featuring a Condition Rating of 4, the residence serves as a prime canvas for development, supported by existing architectural plans for a grand estate. The 1.74-acre corner parcel offers unobstructed, panoramic views of Stillwater Cove and the 17th Green. This is a strategic acquisition for Luxury Developers or High-Net-Worth Owner-Occupants seeking to build a legacy estate in a premier Pebble Beach location.
Property is moderate renovation needed.
Originally built in 1957, the home shows evidence of a mid-life renovation likely 20-30 years ago, featuring dated floral wallpaper, gold-tone fixtures, and older tile styles in the bathrooms. While the home is well-maintained and functional, the listing's emphasis on architectural plans to 'transform into a grand estate' confirms the current structure is dated and primarily valued for the land and location.
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 at the summit of Crespi Lane, the property offers prestigious views of Stillwater Cove and the 17th Green, placing it in one of Pebble Beach's most coveted locations.
The 1.74-acre corner parcel is exceptionally rare for the area, featuring flat, usable meadows that provide both privacy and a massive footprint for estate expansion.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3570, other record living area = 3220. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally built in 1957, the current residence may require significant updates to its systems and finishes to meet modern luxury standards if not fully rebuilt.
The near $10M entry price is largely for the land and location, requiring a buyer with substantial additional capital to execute the planned transformation into a larger estate.
Atop the summit of Crespi Lane where some of the greatest estates were built in the early days of Pebble Beach, this delightful Mid-Century Coastal home enjoys Stillwater Cove and 17th Green views from within and without. Single level in design, the residence has the coziness of a cottage and the serenity of an estate where it lives large inside boasting walls of windows facing South and West; soaring vaulted ceilings with skylights throughout and a galley like grand hall where art and collectables can reside in full display. Bordered by Del Ciervo road this long and large corner parcel is a prize unto itself with 1.74 flat acres of open, spacious grassy meadows all around. Delightful as it currently is, there are plans in process under the keen eye of Jun Sillano, AIA of International Design Group, to transform into a grand estate akin to its neighbors on all sides, with an abundance living spaces and terraces overlooking the views. A thoroughly enjoyable residence now and an incredible opportunity to create a great Estate of your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 3,570 | 3,490.5 |
| Lot Size | 75,882 | 19,792.5 |
| Price | $8.99M | $3.44M |
| Price per sq ft | $2.5K | $1.3K |
| Built year | 1957 | 1972 |
| HOA | $0 | $60 |
| Days on market | 117 | 131 |
Jul 3, 2026
$8,995,000
$9,995,000
-10% Price Drop
Initial Listing
Mar 27, 2026
$9,995,000
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