First Time on Market in Nearly 60 Years; Previously Owned by Pfeiffer Family
BIG SUR, Calif. (Nov. 14, 2024) – Located in Big Sur, California, the “Heart of Rancho Rico,” located at 47320 Highway 1 and 47324 Highway 1 (MLS: ML81986529), is presented for $100,000,000 by Tim Allen of Tim Allen Properties Team, an affiliated agent with the Carmel-by-the-Sea/Junipero office of Coldwell Banker Realty in Northern California. The property is also listed with the Coldwell Banker Global Luxury program.
Purchased in 1965 by Cyril Chappellet, a former Lockheed executive, the 150-acre parcel of land has been in the family for nearly 60 years and is now being sold by his grandchildren, C. Blake, Michele and Kira Forrest. Previous owners include the Pfeiffer family, known as early settlers in Big Sur at the turn of the 20th Century.
The property, one of several parcels once owned by Chappellet, is located about 30 miles south of Carmel-by-the-Sea and is within walking distance of the Big Sur community. The land features Pacific Ocean coastline and private beach access with views of the Santa Lucia Mountains. The property has three separate family homes, manicured gardens, fruit orchards, outdoor living spaces, ample terrain to raise livestock and poultry, and a private road leading to the shoreline and private beaches.
Features include:
- Main House – Modern ranch-style home, built in the late 1940s; it has four bedrooms all of which are en suite with full bathrooms, an additional partial bathroom and three fireplaces in 3,750 square feet of living space. Outside, there are beautiful gardens, an enclosed loggia and a two-car garage with surrounding views of the Pacific Ocean, beaches, coastline and mountains.
- Ranch House – Built in 1995, this two-story home has four bedrooms, two full-bathrooms and 2,500 square feet of living space.
- Garden House – Built in 2001, it has three bedrooms, two full-bathrooms, one fireplace and 1,960 square feet of living space.
- Entry to the property is via a discrete gateway; a well-maintained road winds past redwood, oak, bay and madrone trees to the main meadow, situated about 1,000 feet above the shoreline.
- The property offers 360-degree views of the Santa Lucia Mountains and Pacific Ocean.
- Fresh spring water supplies part of the property and flows onto two private beaches below.
- The ranch orchard contains 80 deciduous, citrus, avocado and nut trees.
QUOTES:
“Four generations of our family have spent time on this property for the past 60 years. Our grandfather, Cyril Chappellet, purchased the land in 1965 and our mother inherited it from him. As kids, my sisters Michele and Kira, and I would spend most of our summers at the ‘ranch,’ as he called it. We had countless family gatherings for six decades and it is also where my siblings and I raised our own families. We hope the next owners will embrace this property, share it with their family and preserve the beauty of it for generations to come.”
C. Blake Forrest, homeowner
“‘Heart of Rancho Rico’ is an irreplaceable and timeless property with vast Pacific Ocean views of the coastline to the north and about 80 visible miles to the south. Many long-standing residents in the region have an affinity for the history of this property. It provides the ultimate Big Sur lifestyle with privacy, peaceful living and endless adventures to explore the 150 acres of coastal paradise.”
Tim Allen, Tim Allen Properties Team, Coldwell Banker Realty
Tim Allen has nearly four decades of real estate sales experience and is a graduate of the University of California, Santa Barbara, where he studied business and economics. Additionally, he was the No. 1 individual Coldwell Banker agent for 2023 sales out of approximately 100,000 agents worldwide. He has consistently earned the Coldwell Banker International Society of Excellence designation, awarded to the top 1% of agents worldwide, and is also part of the company’s International Luxury Alliance.
For more information about this listing, contact Tim Allen (CalRE#: 00891159) at team@timallenproperties.com or 831-214-1990. Listings can be viewed at ColdwellBankerHomes.com and ColdwellBankerLuxury.com.
About Coldwell Banker Realty in Northern California
Coldwell Banker Realty is one of the largest residential real estate brokerages in Northern California and serves the markets from Monterey to Tahoe with approximately 4,300 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com. CalBRE #01908304.
About Coldwell Banker Global Luxury®
The Coldwell Banker Global Luxury® program legacy traces its roots to 1933 and has been a world leader in luxury real estate since. Coldwell Banker Global Luxury Property Specialists are an exclusive group within the Coldwell Banker® system, making up under ten percent of independent sales associates affiliated with the brand worldwide. Coldwell Banker affiliated agents conducted 39,339 transaction sides of homes priced at $1 million or more in 2023. This equates to $200 million in daily luxury sales with an average sales price of $1.9 million in this category.* Coldwell Banker, the Coldwell Banker logo, Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo are registered marks owned by Coldwell Banker Real Estate LLC. Each franchise is independently owned and operated.
*Data based on closed and recorded buyer and/or seller transaction sides of homes sold for $1 million or more as reported by affiliates of the U.S. Coldwell Banker franchise system for the calendar year of 2023.
