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.”
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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.
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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.
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This story was originally published August 12, 2025 at 1:05 PM.
