The combined $198 million asking price would be a record for the Central Coast, which saw a more remote 24,000-acre ranch with nine miles of coastline sell for $135 million in 2007. A 60-acre ranch just east of South Naples sold for $20 million that same year.
"This is a once in a lifetime opportunity to own some truly pristine California coastline," Neal said. "It's a time capsule."
This article was provided by Bloomberg News.