Monterey Peninsula Real Estate: August 2013

Pebble Beach Home Sites - Pebble Beach Development Approval of 90 Lots

Pebble Beach Home Sites - Pebble Beach development Approval of 90 Lots for Sale

Search all Pebble Beach Real Estate for SaleAfter years of tough negotiating, the Pebble Beach Company (Clint Eastwood, Arnold Palmer, Peter Ueberroth and other owners) and the California Coastal Commission came to a compromise in the plan to develop the remaining parts of Pebble Beach.  This compromised plan resulted in a unanimous vote of approval at the Coastal Commissions last meeting on the subject, clearing the way for Pebble Beach Company to start moving forward on their new plan.

Pebble Beach Land for Sale

Supposedly the last round of development inside the gates of Pebble Beach, the plan scaled back from the original goal of adding a new 18-hole golf course, a driving range, a new relocated equestrian center and hundreds of new home sites.  The scaled back plan saves thousands and thousands of Monterey pine trees, with Del Monte Forest being the world’s largest stand of Monterey Pine Forest.

The new Pebble Beach development plan does allow for a brand new 100 room hotel to be built on an old rock quarry near Spyglass Hill Golf Course.  In addition, the Pebble Beach Company can add up to 140 new rooms combined to the Inn at Spanish Bay and the Lodge at Pebble Beach and Pebble Beach Company can develop 90 new Pebble Beach home sites to be built on.

This new plan has also allowed Pebble Beach Company to make some other long needed improvements such as a new parking lot at Spanish Bay, a new Golf Instructional center on the old Polo field and a new equestrian center on the same site as the existing Equestrian Center.

It is great to see developers and environmentalists be able to work out a win-win plan allowing the property owner to utilize their land to generate more income for the ownership group as well as tax dollars for the community all the while still managing to protect the beautiful coastal pine forest and preserving land for future generations to enjoy.

 

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Mark Bruno - Monterey Peninsula Home Team

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Mark and his real estate team all live, work and play on the Monterey Peninsula including the cities of Carmel, Carmel Valley, MarinaMontereyPacific Grove, Pebble Beach, Seaside and the Highway 68 Corridor. 

 

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Comment balloon 1 commentMark Bruno • August 26 2013 01:15PM
Pebble Beach Home Sites - Pebble Beach Development Approval of 90 Lots
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