Auction Block: Would You Like to Own a Prime Piece of Clint Eastwood's Tehama?

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, August 19, 2011, by Sally Kuchar In the 1960s, actor Clint Eastwood starting shelling out dough for plots of land in Carmel that eventually became a development project known as Tehama. Shoot forward to today, and fancy folks are more than willing to write a check for several million dollars so that they can snag a slice of Tehama and call it (vacation) home. Especially celebrities! They love it there. But not all is good in ultra swank Tehama. One of the area's prime lots—a 15.4-acre hilltop building site—is hitting the auction block. The property was previously listed for $3,450,000, but will be auctioned off with an opening bid of just $1,750,000. Local brokers are concerned that this will put a damper on Tehama's reputation for being a magnet to the rich. They'd prefer the seller, Gateway co-founder Norman Waitt, to wait it out and go through what they believe are the proper channels to secure a sale. Unfortunately for them that doesn't seem too likely, as the property is fit to go to auction on August 31. Do invite us over for a picnic.
· Tehama Carmel [official site]
· Auction Prompts Concern at Eastwood’s Carmel Development [WSJ]
· Carmel Auction [Sheldon Good & Company]
· Snag a Piece of Clint Eastwood's Wild West at August Auction [Curbed National]

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On the Market: Snag a Piece of Clint Eastwood's Wild West at August Auction

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, August 19, 2011, by Rob Bear

In the 1960s, actor Clint Eastwood began acquiring land in Carmel, Calif. that would eventually become a development project known as Tehama. Today, plots in that development are among the most sought after in this ritzy seaside escape some two hours south of San Francisco. But now local brokers are concerned that the auctioning of one of the area's prime lots—a 15.4-acre hilltop building site—may erode the cachet of this celeb-driven development. That home site, with its views of Carmel Bay and the surrounding hills, was previously listed for $3.45M, but will hit the auction block with an opening bid of just $1.75M. Adding fuel to the fire brokers are starting over this is the fact that the seller is not some disgraced Ponzi schemer, but wildly wealthy Gateway co-founder Norman Waitt, who would apparently just like to free himself of the headaches of a property lingering on the market. But, who knows, maybe a call from Dirty Harry himself will be enough to dissuade the computer king from cutting and running. That seems unlikely though, considering the auction is set for August 31.
· Tehama Carmel [official site]
· Auction Prompts Concern at Eastwood’s Carmel Development [WSJ]
· Carmel Auction [Sheldon Good & Company]

View the original article here

Celebrity Real Estate: Clint Eastwood's 15,000-Sq-Ft Estate is Coming Along Nicely

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, February 18, 2011, by Sarah Firshein

It must be octogenarian architect week here at Curbed! First there was Justo Gallego Martinez, the Spaniard who has dedicated his life to constructing a cathedral by hand, and now there's Clint Eastwood, who has spent more than a year building a $20M 15,000-square-foot behemoth in Carmel, Calif. We've posted the photo above, but if you'd prefer to watch a bunch of loud-mouthed millenials make fun of Eastwood about such a pursuit, please click on the TMZ link below.

· This Old Spaniard is Still Building a Cathedral Out of Junk [Curbed National]
· The House That 80-Year-Old Clint Eastwood Built [TMZ]

View the original article here