<P> The Pescadero "Ghost Tree" gave its name to an extreme surfing location known to have storm waves as large as 60 feet (18 m) high . Effective 2009, the surf break of Ghost Tree became effectively off limits, the result of a decision by National Oceanic and Atmospheric Administration that personal watercraft, which were a virtual necessity for the tow - in only surf spot, were no longer permitted in specified waters of the Monterey Bay National Marine Sanctuary . </P> <P> The community has 4,531 residents and is relatively affluent, home to many retirees and well - educated workers in the social service (education and health care), management and finance sectors . While Monterey County has a very large Hispanic population, Pebble Beach is more ethnically homogenous, with 91.4% of the population being White, 5.3% Asian, 2.3% Hispanic or Latino and 0.4% African American . The median household income is $99,788, with 54% with incomes between $50,000 and $150,000 and a little more than a quarter of households, 26.2%, with incomes exceeding $150,000 . Household income figures, however, may not accurately reflect the area's wealth as 50.8% of households received social security income and 30.8% were retired . Less than half of the population 16 or over, 46.4%, are employed . Of those who work, the plurality (25%) are employed in the social service, education and health care sector, followed by the management (15%) and finance sectors (15%). 2.3% of the population live below the poverty level . The area's adult population is fairly well - educated, with 61% having at least a Bachelor's degree, and 98% having a high school diploma, compared to 25% and 80% at the national average, respectively . </P> <P> Pebble Beach has eight public and private 18 - hole golf courses . Pebble Beach Golf Links, The Links at Spanish Bay, Spyglass Hill and Peter Hay Golf Course are owned by Pebble Beach Company and are all public courses . Poppy Hills is also a public course . Private courses located at Pebble Beach are Cypress Point Club and the private Monterey Peninsula Country Club's two courses, the Dunes Course and the Shore Course . Pebble Beach Company also owns Del Monte Golf Course a few miles away in Monterey, which is the oldest continuously operating course in the Western United States . </P> <P> Several of these courses are widely celebrated, especially Pebble Beach Golf Links . Designed by Jack Neville and Douglas Grant, it is the most famous course in the Western United States, and the only course which has ever beaten Pine Valley Golf Club to top spot in Golf Digest's biennial list of America's 100 greatest courses . Pebble Beach Golf Links was the site of the US Open in 1972, 1982, 1992, 2000, and 2010 . The course is set to host the tournament again in 2019 . </P>

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