Project Command Center
1 Palo — Big Sur Heritage Retreat
1887 Knottley Brothers log cabin estate · Palo Colorado Canyon · 7 acres · 3 parcels · 11.3 miles south of Carmel
Purchase Price
$650,000
10% down · Seller financing 5%
Renovation Budget
~$1,000,000
Full remodel + funicular + infra
Year 1 Revenue (Proj.)
$650K–$950K
Realistic to optimistic scenario
5-Year IRR
34.7%
NPV: $1.49M
Critical Action Items
CRITICAL
Resolve Code Violation 19CE00100
Unpermitted water system — must clear before any CDP can be issued
Lucy Bernal, Code Compliance
HIGH
Pre-Application Meeting — Monterey County Planning
Contact Taylor Price (Senior Planner) to discuss CDP scope for remodel + funicular
Taylor Price, Senior Planner
HIGH
Hire Water Rights Attorney + Hydrologist
Palo Colorado Canyon water supply constraints noted in Big Sur LUP
TBD
MEDIUM
Structural Engineering Assessment — Log Cabin
Required before floor-lowering / slab-pour design can proceed
TBD — Architect to recommend
MEDIUM
Geotechnical Study — Funicular Alignment
300-ft incline railway requires slope stability and soil analysis
TBD
Project Phases
1
Due Diligence & ComplianceActive
Months 1–3
2
Design & Permitting
Months 4–12
3
Construction
Months 13–24
4
Launch & Operations
Month 25+
View full milestone tracker
Revenue Streams — 9 Built-In Sources
Log Cabin (Main)
$175K–$290K
$800–$1,200/night
4 Rear Cabins
$200K–$380K
$300–$600/night each
Sunset Deck Events
$100K–$300K
$5K–$15K/event
Funicular Experiences
Value-add
Bundled with stays
Big Sur Heritage Coffee
$40K–$80K
$40–$80/lb premium
Wellness Retreats
$60K–$120K
$3K–$8K/person