The green fairways and picturesque shores have made the Monterey Peninsula a desirable destination for jet setters and collectors seeking luxury homes to add to their portfolios. In 2020, single-family home sales rose 42% with median prices rising 21% over the year before. Throughout the year, Carmel-by-the-Sea and Pebble Beach saw a shift in demand as younger buyers traded Silicon Valley life for the beauty and serenity of these quaint coastal towns. This youthful injection of energy was felt in downtown Carmel, Pebble Beach and across the real estate market.
A lack of inventory, which dropped 63% at year’s end compared to 2019, led to a spike in land sales as motivated buyers snapped up properties to custom build from the ground up. Unbuilt parcels and residences within golf course communities are in high demand, as buyers covet an outdoor outlet primed for social distancing.
To serve buyers and sellers across the region, The Agency opened its doors in Carmel-by-the-Sea in the spring of 2019, led by Managing Director Braden Sterling, also Principal of Sterling | Huddleson Architecture, and his wife Cicily Sterling, Founding Agent and Director, Estates Division. Accommodating the increased demand, the team opened its second office in the region. Below, we highlight some of the fantastic properties on the market on the Monterey Peninsula right now.
This elegant oceanfront compound in Pacific Grove captures panoramic ocean, bay and mountain views from nearly every room. Represented by Cicily Sterling and Mauricio Umansky, this landmark property encompasses some of the most coveted oceanfront land in California, situated across the street from Lovers Point Beach and the Monterey Bay Coastal Recreation Trail. Family-owned for five decades, the property boasts four residential structures, including a main house, three guest houses, 15 bedrooms and 15.5 baths.
Located one block from the ocean and The Lodge in Pebble Beach, this seven-bedroom English Country Manor captures sweeping ocean and golf links views. Represented by Tom Bruce, agent and Managing Partner at The Agency, the 4,146-square-foot home boasts a beautiful open kitchen family room and a second oversized family room upstairs. Picture windows draw the outdoors in, while fireplaces, natural stone and wood details lend warmth to the interior living spaces.
This beautiful, secluded, 2.5-acre homesite is located at the end of a cul-de-sac in the 1,700-acre sanctuary Monterra Ranch. Lined with mature oak trees and situated above a wooded canyon, the property captures sweeping mountain and valley views. Represented by Cicily, the property comes with approved plans for a 5,000-square-foot, California Ranch-style estate with a 1,000-square-foot barn, located minutes from the shopping, dining and amenities of Monterey, Carmel-by-the-Sea and Pebble Beach.
Read more about real estate trends in The Red Paper, The Agency’s 2020 Annual Report.
