Billionaire Astros Owner Jim Crane Asking $25M for Pebble Beach Retreat—Down From $38M

Published: September 24, 2019 | By: American Luxury Staff

Houston Astros owner Jim Crane has had his midcentury modern estate in picturesque Pebble Beach for sale for nearly three years now. This month, the property that first hit the market in early 2017 for $37.9 million has seen its second price chop. Eight million came off the top the first time around. Another substantial reduction brings the ask down to $24.95 million.

The home’s setting is magnificent, with gnarled pines, dramatic cliffs, and the rolling Pacific waves of Carmel Bay providing the house with a powerful context. The nearly 12,000 square feet of interior living space make best use of it, with glass walls opening up to the natural vistas via glass walls and many oversized windows.

Material selection and simplicity of interior design sensibility help the house fit right into its landscape. The modern architecture is very open, and blurs interior/exterior demarcation frequently. Stacked stone, natural-toned hardwood floors and accents, and built-ins augment the meditative and naturalistic elements of the property, giving it an unusual degree of cohesion.

The main house boasts three suites, but guest accommodations bring the total number of beds and baths up to 8 and 9.5, respectively. The nine acres of land boast panoramic views, an infinity pool and sunlounge, and multiple patios linked by winding paths.

Jim Crane is CEO and chair of Crane Capital Group. His other companies include Crane Worldwide Logistics. His net worth is estimated to be north of $1 billion.

8350 September 24, 2019 Real Estate September 24, 2019