An Epic 150-Acre Big Sur Compound Just Hit the Market for $100 Million
A remote seaside compound that’s been inhabited by the same family for nearly six decades has popped up for sale on Central California’s scenic Highway 1, about 30 miles south of Carmel-by-the-Sea in Monterey County, along the rugged and dramatic Big Sur coastline.
Way back in the 1800s, the land was owned by members of the Pfeiffer family, who were among the first European settlers in the area that today has a state park named in their honor. Acquired in the early 1960s as a weekend getaway by the late Cyril Chappellet, a former Army and commercial pilot who helped found Lockheed Corporation, the property encompasses two separate addresses with private beach access and is asking a hefty $100 million.
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Should the place go for anywhere that amount, it would be one of the region’s most expensive residential real estate transactions ever recorded, eclipsing the recent $45 million sale of former San Diego Padres owner John Moore’s lavish home on the 18th hole of the Pebble Beach Golf Links.
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Tucked away on a 150-acre parcel of land boasting manicured gardens, fruit orchards, and sweeping views of the Pacific Ocean and Santa Lucia Mountains, the sprawling compound is accessible via a gated entrance and has “ample terrain for raising livestock and poultry” per the listing, which is held by Tim Allen of Coldwell Banker Realty.
Known as Heart of Rancho Rico, the estate features three residential structures highlighted by a 1940s main home with four bedrooms and five baths in 3,750 square feet of modernized living space boasting three fireplaces, plus an enclosed loggia and a two-car garage. There’s also a circa 2001 garden house featuring three bedrooms, two baths and a fireplace in 1,960 square feet, as well as a 2,500-square-foot, two-story ranch house built in 1995 that has four bedrooms and two baths. Other amenities include a scenic camping spot, a reflection pond, a food forest, an in-ground trampoline, and a private road winding down to a secluded beach.
Upon Chappellet’s death in 1991, Heart of Rancho Rico was bequeathed to his daughter, and when she passed away in the early 2000s, her children inherited the expansive spread. As first reported by The Wall Street Journal, C. Blake Forrest and his his sisters Michele and Kira Forrest are selling because their children are grown and they’re ready to move to the next phase of life.
“Four generations of our family have spent time on this property for the past 60 years,” Blake said. “As kids, my sisters and I would spend most of our summers at the ‘ranch,’ as [our grandfather] 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.”
Click here for more photos of the Chappellet family compound.
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