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$2,485,000

Beds
4
Baths
3.0
sq ft
6,357

451 Spyglass Rd, Smith River, CA 95567

451 Spyglass Rd

, CA 95567

  • 255 days on market
    • Price drop $765,000↓
Welcome to the Waterstone Estate, magically set on a gated and private cobblestone drive, you will find a stunning custom-built 5,462 sqft. home situated on over 5 acres with a panoramic 180o view overlooking the beautiful Pacific Ocean and the Point St. George lighthouse. Located on the California/Oregon border, known as the "The Wild Rivers Coast", this is luxurious coastal living at its finest and is one of the most naturally beautiful places on earth, home to the magnificent California redwoods and tournament class ocean and river sport fishing. The main house is designed with artisan woodworking and stone countertops throughout with three ensuite bedrooms including a large primary with great built-in furniture. There are two executive offices, perfect for remote working with a high-speed T-1 internet. The gourmet kitchen has multiple sinks, cooktops and appliances. For the wine lover, there is a 1,400+ bottle temperature and humidity-controlled wine cellar, a dumbwaiter from main kitchen to first floor entertainment area and secondary kitchen. The third floor has a dramatic view of the coastline via a lookout with a high-resolution tripod mounted binocular and a 1,500 sqft. wrap-around entertainment deck. The home has two woodburning and one gas fireplace, a three-story elevator, a 1,500-gallon propane storage tank, a 25 KW standby generator, state of the art security system and radiant floor heating. On the property is a detached 2,087 sqft. building, also with radiant floor heating throughout, which houses an 895 sqft. fully furnished ensuite loft apartment & workshop and 1,192 sqft. large RV garage. There are three other free-standing buildings on the property that can be used for an art studio, storage, utilities and maintenance along with a convenient outside restroom. The landscaping equipment, tractor, lawnmower, quad, garden tools, chain saws, trimmers, log splitter, and more are also included with the home. The property is impeccably landscaped with expansive rock work and terracing, all professionally maintained with park like nature trails throughout the acreage. The Waterstone estate is conveniently located midway between and minutes away from the famous Brookings Harbor in Oregon and the new Crescent City, CA airport. This lovingly and artfully designed home was constructed to complement the wealth of natural beauty that is "The Wild Rivers Coast". Waterstone beckons.

Details

Property type

Single Family Residence

Est. home value

$1,339,552

Property condition

Updated/Remodeled

Lot size

5.06 acres

Price per sq ft

$391

Year built

2004

Monthly HOA fee

$50

Price History

07/09/2024
CLAW

CLAW #24358533

Price change
$2,485,000
-23.54%
02/21/2024
CLAW

CLAW #24358533

Listed
$3,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Redwood Capital Bank

Loan start date

April 2021

Original loan amount

$548,000

Est. remaining balance

$505,181

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Stuart B Ehrenreich and Judy A Ehrenreich

Lender

Redwood Capital Bank

Loan start date

April 2021

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Credit Line (Revolving)

Seller

Stuart B Ehrenreich and Judy A Ehrenreich

Lender

Wells Fargo Bank Na

Loan start date

June 2018

Original loan amount

$455,000

Est. remaining balance

$402,815

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Stuart B Ehrenreich and Judy A Ehrenreich

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/03/2024 at 5:45 AM

Listing updated: 10/19/2024 at 4:35 AM

Listed by: Gregory Bega, Sotheby's International Realty Phone #: (310) 481-6262

MLS: CLAW #24358533

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