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Report: Warren Stephens Connected to $31M Pebble Beach Mansion

1 min read

It appears Warren Stephens, CEO of Stephens Inc. of Little Rock, is the new owner of a luxurious California home overlooking the 13th green of the Pebble Beach Golf Links in Monterey County.

There’s a Pacific Ocean view, to boot.

It didn’t come cheap. The Carmel Pine Cone reports a purchase price of $31.25 million. The property tax is said to be more than $315,000 a year.

The home was originally purchased in 1970 for less than $300,000, according to the paper. Previously, the home’s property tax was $2,700.

“That’s the biggest jump I’ve ever seen, and it could be the biggest ever in California,” Steve Vagnini, Monterey County assessor, told the paper.

It’s said to be the largest home sale price in Monterey County. The newspaper states the previous record was another Pebble Beach home, sold for $28 million.

The home, which has six bedrooms and five bathrooms, was purchased by WAS & HCS PB LLC. According to the Arkansas Secretary of State website, the LLC was formed Sept. 17 and lists the address for Stephens Inc. — 111 Center St. in Little Rock — as its address.

Obviously, Warren Stephens is a big golf fan. He’s a member of the Augusta National Golf Club in Georgia where his late father, Jack, was chairman. And he built his own golfer’s paradise, The Alotian Club, in western Pulaski County, which boasts its own exclusive membership.

For the entire story from The Carmel Pine Cone, click here

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