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Miami Herald

Explore $57M Pebble Beach home with ocean-to-fairway views, may hit sales record

One of the most valuable street-to-sea parcels along the California coast — with unobstructed views from the ocean to Pebble Beach Golf Links' legendary 18th fairway and beyond — may set a sales record at the listing price of $57.5 million, according to Sotheby's International Realty. The highest residential sale ever recorded in Pebble Beach, along the Central Coast, stands at $45 million, according to a representative of Sotheby's. 'Gem Cove' is located on two lots on a 2.24-acre, oceanfront parcel adjacent to The Lodge at Pebble Beach. The property also takes in views of Stillwater Cove, Carmel Beach and Point Lobos. 'Truly a once-in-a-lifetime opening to secure your position in one of the most sought-after areas in the world,' the property listing states. 'This unforgettable European-esque estate is guaranteed to astound, impress and amaze the most astute buyer.' The residence, built in 2003, with six bedrooms and a total of 10 bathrooms, sprawls across 11,223 square feet of living space. The property hit the market Monday. 'From the substantial living room to the chef's kitchen/great room, the expansive primary bedroom suite to the expertly curated grounds, all with big ocean views — you will love living here, entertaining family and hosting guests at this prestigious estate,' according to the listing. Canning Properties Group of Sotheby's International Realty – Carmel Brokerage holds the listing. The primary owners of the home are Carl H. Lindner III and Martha Lindner, according to public property records. Lindner is part of a U.S. billionaire family, CEO of American Financial Group, and a majority owner and CEO of the MLS soccer team FC Cincinnati.