AT current Prop 13 structure, his tax bill will be around $53,750 the first year, with 2% annual increases after that.
AND-—His “private’ ocean beach frontage” isn’t all that private.
It is only private past the high tide line, IIRC. Low tide & anyone can walk on that beach....
I slipped a digit.
Should be $537,500 annually now & more later....