Tech Executive Buyer of $25M Oceanfront Home in Pebble Beach
SOLD | Built c.1935 | 5,135 Sq. Ft. | 5 Beds | 6 Baths | 2.72 Acres
1476 Cypress Drive, Pebble Beach, California, United States, 93953
We found this oceanfront home in Pebble Beach with views over Stillwater Cove while researching another property in the area. While it did sell two years ago, we felt it was still worthy of sharing! The 5,135 square foot contemporary residence is one of only 8 homes on Stillwater Cove that does not have golf green directly in front, creating the ultimate privacy, while ideally offering access to all of the Pebble Beach Lodge and Beach Club amenities. Mansion Global revealed that the sellers were Mary Jane and Carl Panattoni, a commercial real estate developer, who paid $28 million for the property in 2013. The couple listed the home on July 15, 2018 for nearly $30 million and by July 27, 2018 it had sold for a little more than $25 million. The agent handling the sale did not disclose the buyer’s identity but did tell Mansion Global that they are a technology executive. Drive through the understated entry to La Serena and discover an iconic property in an unparalleled location, comprised of three legal lots totalling 2.72 acres. This exquisite waterfront estate, thoughtfully designed with impeccable finishes, features floor-to-ceiling windows throughout to enjoy breathtaking views and create an indoor-outdoor flow in all areas of the home. Just step out of the living room onto multiple ocean front terraces with two fire pits and a built-in outdoor grill. A family room, library or office overlooks the sea as does the master bedroom with double walk-in closets. Separately, a two-car garage boasts a fifth guest suite, artist studio, office or gym above, with ocean views and its own private entry. Annual property taxes are estimated at $231,277.