Friday, November 14, 2014

Warren Stephens linked to $31 million home at Pebble Beach

Posted By on Fri, Nov 14, 2014 at 3:54 PM

click to enlarge stephenspurchase.jpg

The U.S. mail brought a copy of the article above from the Carmel Pine Cone, a weekly in Carmel, Calif., that chronicles happenings at the nearby Pebble Beach golf course and surrounding (pricey) neighborhood.

As you can see, Stephens Inc. CEO Warren Stephens of Little Rock made news in the Oct. 31 edition with his apparent record-breaking $31.25 million purchase of a home overlooking the 13th green of the golf links, plus views of Carmel Bay, Point Lobos and other surroundings. Taxes are going to eat him up — $315,000 annually. The local government is thrilled because the previous owner's taxes had been frozen under California's Prop. 13 at $2,700 a year.

The county assessor said that was the biggest jump he'd seen on a property parcel. The seller of the property: A trust established by the late billionaire Richard Mellon Scaife, a political soulmate of the Republican Stephens. He bought the house for less than $300,000 in 1970.

I say apparent purchase because Stephens didn't talk to the paper and the property was bought by the WAS and HCS PB LLC. The newspaper figures that's the Warren Stephens and Harriet Stephens Pebble Beach LLC. Stephens likes golf, too. He built the exclusive Alotian golf course on acreage west of Little Rock overlooking Lake Maumelle. 

Real estate agent Mike Channing, who handled the deal, raved about the house in an interview with the Pine Cone:

I've never seen a home and property together that better captured the soul of Pebble Beach. There's a timeless sense of almost historic elegance. The scale is very comfortable and understated, the grounds and the rose garden are wonderful and it's an extraordinary experience just walking around the place.

Among other properties, Stephens also owns a home that borders the Country Club of Little Rock. It has no ocean view.

Tags: , , ,

From the ArkTimes store

Favorite

Speaking of...

Comments (19)

Showing 1-19 of 19

Add a comment

 
Subscribe to this thread:
Showing 1-19 of 19

Add a comment

More by Max Brantley

Readers also liked…

  • In defense of Planned Parenthood and abortion rights

    An op-ed in today's New York Time by Katha Pollitt says what I've been struggling to say about the reaction to the attack on women's reproductive rights launched by means of the undercover videos made by anti-abortion activists.
    • Aug 5, 2015
  • Satanic Temple: Make Rapert pay for Ten Commandments monument

    A petition drive has begun to encourage a demand that Sen. Jason Rapert pay for the legal fees in defending his Ten Commandments monument proposed for the state Capitol grounds. It's more work by the Satanic Temple, which has fought church-state entanglement around the country.
    • Aug 28, 2016
  • The Lemon Cakery is pure bliss

    In the eternal and often epic battle between "cake" and "pie," I normally come down on the pie side of things. The Lemon Cakery puts that rule to the test—deliciously.
    • Oct 1, 2015

Most Shared

Visit Arkansas

Forest bathing is the Next Big Thing

Forest bathing is the Next Big Thing

Arkansas is the perfect place to try out this new health trend. Read all about the what, why, where and how here.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation