tomo logo

$11,998,000

Beds
4
Baths
3.75
sq ft
6,087

502 Pacific Ave, Cayucos, CA 93430

502 Pacific Ave

Cayucos, CA 93430

  • 23 days on market
Introducing 502 Pacific Avenue, a luxurious oceanfront villa set above the shores of Cayucos on California's Central Coast. This 6,000+ sq ft residence is designed for the most discerning buyers, showcasing exceptional craftsmanship, technology, and comfort. The property sits on a 10,000+ sq ft oceanfront lot and welcomes you through a self-opening wrought iron gate into a travertine courtyard, surrounded by lush landscaping, roses, and water features. Inside, the foyer's 18-foot ceilings, mahogany corbels, and stained-glass skylight set an impressive tone. Marble floors, radiant heating, and Swarovski crystal chandeliers enhance the sophistication. The great room offers Pacific Ocean views through floor-to-ceiling windows, complemented by Venetian plaster walls and smart home features, including Roman shades and a whole-home sound system. The chef's kitchen is equipped with a 60" Wolf range, Sub-Zero refrigerators, Bosch and Fisher Paykel dishwashers, and a backlit onyx island. A pass-through window connects the kitchen to a dining area, which opens to outdoor seating with a fire pit and a private stairway to the beach. Two primary suites on separate levels with ocean views and private patios offer unmatched luxury. The main level suite features a spa-like bathroom with heated surfaces, a walk-in shower, and crystal-accented vanities. The upper suite boasts floor-to-ceiling sliders that slide into the wall to take in the ocean air, an expansive terrace with outdoor TV & fire pit, and is perfect for viewing sunsets over Morro Rock. For entertainment, the lower level offers a 450+ bottle wine cellar, a bronze dolphin water feature, and a home theater. A motorized staircase leads to a recreation room above the detached two-car garage, adding possibilities & functionality. This estate is equipped with fireplaces + patio or balcony in every bedroom, advanced home automation, Lutron lighting, a 14-camera security system, mirror TV, 45kW natural gas backup generator, radiant floor heating, a 19-panel solar array, motorized TV mounts, and a secret switch for a 50,000-lumen beach light. With dual spiral staircases, an elevator, ADA accessibility, and a rooftop terrace with retractable awnings, this home is a marvel of modern design and engineering. Located in one of California's prime oceanfront communities, this trophy property offers a rare opportunity to own a masterpiece framed by the Pacific Ocean's beauty - truly a legacy estate.

Details

Property type

Single Family Residence

Est. home value

$4,518,651

Lot size

0.2342 acres

Price per sq ft

$1,972

Year built

2020

Price History

09/25/2024
CRMLS

CRMLS #NS24195300

Listed
$11,998,000
-6.27%
09/02/2024
CRMLS

CRMLS #SC23195391

Removed
$12,800,000
10/27/2023
CRMLS

CRMLS #SC23195391

Listed
$12,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Park, Street Lights

High school district: 

Coast Unified

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

Axos Bank

Loan start date

March 2021

Original loan amount

$3,600,000

Est. remaining balance

Not provided

Interest rate

4.25%

Loan type

New Conventional, 30 year

Seller

Louis J Steiner and Brenda Steiner

Lender

Washington Mutual Bank Fa

Loan start date

September 1998

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.87%

Loan type

Not Provided, 30 year

Seller

Louis J Steiner and Brenda Steiner

Lender

Norwest Mtg

Loan start date

July 1995

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

7.5%

Loan type

Not Provided, 30 year

Seller

Louis J Steiner and Brenda Steiner

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: 10/18/2024 at 1:30 AM

Listing updated: 09/30/2024 at 9:11 AM

Listed by: Maci Umbertis, RE/MAX Parkside Real Estate Phone #: (805) 239-3310

MLS: CRMLS #NS24195300

CRMLS logo

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