Tag Archives: Wine Cellar
Well, you could, but the wine cellar is a way more telling spot. First of all, an empty wine cellar usually means no one lives in the house except for a Castle Keeper. Ain’t no way a Castle Keeper is going to be drinking red wine. Secondly, when you move, you take the good wine with you and drink the rest secretly after dark. Third — and most vitally — who can afford wine when they are struggling to make a house payment?
There’s Rafael Palmeiro asking for extra time to try and get his $40 million in debts settled. And here’s the Pebble Beach house he says will help him cover the interest payments on those debts if only he could sell it. It’s 1531 Riata Road and I went right by it this August when I was at Concours. Really great part of Pebble, too. Like the best vintage homes in Pebble and Carmel, it’s a 1920′s classic Mediterranean villa with pool on 1.65 forested acres above the Lodge at Pebble Beach with views of Carmel Bay. Talk about a honeypot of a location, but I still think he’s priced too high.
This is one of those really great homes that is very much like a fine young wine. Not too old, not too young and sassy, but just right. Over the seven year itch, all the kinkys have been worked out. Blue chip real estate. 4501 Cherokee Trail was built in 1999 in the highly coveted Bluffview – Bluffview properties didn’t even shed two cents of value post Lehman Brothers in 2008 –this home was constructed by Chuck Shaw for the same family now selling. In other words, custom build for a one-owner home. If course, what that means is that no expense was spared and the place is loaded. What I like, besides the location: unbelieveable master suite is downstairs with master bath with heated floors. (Sorry, I have this thing: if the home is over $2 million it must have heated floors in the master. If it does not, lower the dang price!) You have about 6000 square feet — I mean really, who needs more — and the necessary four bedrooms, four baths, three half baths, study, media room and pool.Wine cellar and tasting room perhaps — check — in the cellar. An elevator for when you’ve imbibed too much takes you riht up to your beddy-bye, no need to risk a DWI. The outdoor living area could practically shelter another family: koi pond, pool, outdoor kitchen, fire pit and fireplace. Oh they have even managed to remove the mosquitos with a high-intensity natural mosquito mister. This home could not be reproduced at this price: $3,795,000.
Remember when, right after Lehman Brothers tanked and the market crashed in fall of 2008, how plain brown shopping bags were the rage? Conspicuous consumption was out, and the wealthy did not want anyone to know that they were blowing $90,000 a month on revolving credit at luxury stores when so many people were out of work. (My friends who work at Neimans tell me there was a marked increase in deliveries right about this time.) Anyhoo, the brown-shopping bag trend has now spilled over to Real Estate. It is very in, now, according to a story in the Wall Street Journal, to build a home that looks, well, normal, maybe even smallish from the front, but sufficiently gigantic from the back or rear view: