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Home site on Pebble Beach for sale for $7.95 million

Pebblebeach1_lg_blog_postAttention 1 percenters.
The website PebbleBeachHomeSiteAuction.com is offering a 1.1 acre home site along Pebble Beach Golf Links for auction. With views of the 11th and 12th greens, as well as Carmel Bay and the Pacific Ocean, the site is one of only 34 properties that front the famous Northern California golf course. The price? Bidding starts at $7,950,000.

The purchase of 3418 17-Mile Drive presents a once-in-a-lifetime opportunity to build a one-of-a-kind, custom home in one of the world’s most elite resort locations. Previously listed at US$12,000,000, the property is being offered at or above US$7,950,000.
This exceptional 1.1 acre home site is one of only 34 properties that directly front the Pebble Beach Golf Links. With 185 feet of golf course frontage, this home site is coming to the market for the second time in 93 years and is the only vacant, ready-to-build parcel on the golf course. Located on scenic 17-Mile Drive, this property has prized views of the 11th and 12th greens, as well as breathtaking views of Carmel Bay, Point Lobos, Carmel Point, and the Pacific Ocean.
The deadline for bids is Friday, May 3, at 5 p.m. Eastern. Viewings of the property are available by appointment; see the website or call 800-516-0014 for more details. Photo: pebblebeachhomesiteauction.com
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by Kevin Cunningham