Monaco billionaire agrees to provide public access to scenic Big Sur oceanfront property

One of the most scenic properties in Big Sur, a craggy oceanfront promontory with views of sea otters, kelp beds and the famed Bixby Bridge will have guaranteed public access after years of “no trespassing” signs and locked gates.

The California Coastal Commission has reached an agreement with a Monaco billionaire, Patrice Pastor, to put up “coastal access” signs, build a public restroom, improve trails and guarantee public parking spaces at Rocky Point, located along Highway 1 about 10 miles south of Carmel.

Locator map of Rocky Point RestaurantThe area is the site of a well-known restaurant that dates back to 1947. The previous owners, Peter and Grace Wang, closed Rocky Point Restaurant in 2020 when the COVID pandemic began. Pastor — who also has bought other iconic properties in the Carmel area — purchased it in 2021 for $8 million and announced plans to refurbish and open a new high-end restaurant at the site.

But the property didn’t come free and clear.

The Coastal Commission’s enforcement division had been investigating the Wangs for a significant number of violations, including adding parking onto an adjacent open space property owned by Monterey County, and constructing a deck, buildings, lighting and a leach field without the required permits. The couple also closed gates on the road leading from Highway 1 to the restaurant, put up no trespassing signs, and posted a guard when the restaurant was closed, even though the road runs over county-owned land.

Under a settlement signed May 17 by Pastor and the commission, he agreed to clear the violations. He will not face a fine if he makes the improvements to the 2.5-acre property and includes permanent public access in the deed and development rights to most of the bluffs surrounding the restaurant. The value of those rights, along with the new restrooms, trails, native plants, benches, signs, 24 parking spaces and eight electric vehicle chargers is roughly $4 million.

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