Gem Cove at 1494 Cypress Drive in Pebble Beach, California, is listed at $49.5 million with Lodge-adjacent street-to-sea views of the Pebble Beach Golf Links 18th fairway and Stillwater Cove
Gem Cove at 1494 Cypress Drive in Pebble Beach, California, is listed at $49.5 million. The Lodge-adjacent house looks toward the 18th fairway of Pebble Beach Golf Links and Stillwater Cove.
Gem Cove, the three-story house at 1494 Cypress Drive in Pebble Beach, California, is listed at $49.5 million with street-to-sea views from a site next to The Lodge at Pebble Beach toward the 18th fairway of Pebble Beach Golf Links and Stillwater Cove. The active offering, MLS ML82017722, is marketed by Canning Properties Group and Sotheby’s International Realty. Nic Canning, managing partner of Canning Properties Group, is the listing agent.
The house contains 6 bedrooms, 7 full bathrooms, and 3 half bathrooms in 11,223 square feet of living area on 2.24 acres, assembled as two lots of record in Monterey County. It was built in 2003 under a slate roof. The Canning Properties listing for 1494 Cypress Drive places the parcel next to The Lodge and describes views to the 18th fairway, Stillwater Cove, Carmel Beach, and Point Lobos. Listing photographs support Lodge, fairway, and Stillwater views from the terrace and the primary bay. No survey establishing an on-fairway lot line has been published with the offering.
Rooms named on the listing include a beamed great room and living area, a chef’s kitchen, a primary suite with an ocean window wall, a wine cellar, and a bar and billiards room. A patio and hot tub sit with lawn that runs toward the water. An architect for the 2003 house has not been published on the listing or in contemporaneous press.
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The ask was cut from $57.5 million, listed August 11, 2025, to $49.5 million on June 5, 2026, per Compass MLS syndication. MLS records also show a July 13, 1999 sale for $8.2 million, recorded under MLS ML89906128, before the present house was built. Robb Report, in an August 14, 2025 story by Tori Latham, covered the then-$57.5 million ask and attributed ownership to Carl Henry Lindner III, noting a Pebble Beach residential record context of $45 million at the Moores sale of Masterpiece on 18.
The Cypress Drive site sits on the same Monterey Peninsula as Cypress Point Club, a few miles of coastline away, and it is a different kind of waterfront house from the ocean-pond listing at 21 Fairfield Pond Road in Sagaponack, New York. What the documents do not include is an architect of record, a published membership path tied to the sale, or a surveyed claim that the lot line itself fronts the 18th fairway.
The $49.5 million figure is the price of 11,223 square feet on 2.24 acres of Lodge-adjacent, street-to-sea ground. The published value is the view corridor to the finishing hole and Stillwater Cove, the two lots of record, and a 2003 house whose designer the market has not been told.
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