Richard Dreyfuss Sells La Costa Oaks Home at Loss

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by Roberta Murphy

La Costa Oaks home
Richard Dreyfuss

This must be the week for celebrity gossip as it relates to San Diego real estate–especially when it comes to a certain La Costa Oaks home.

Trulia reported today that celebrities are suffering real estate losses just like the rest of us–and I couldn’t help but note the recent departure of Richard Dreyfuss from La Costa Oaks in South Carlsbad.

He had purchased this lovely Warmington home on 3507 Camino Cereza June 30, 2006 for $1,250,000. Located in the Stoneridge neighborhood of La Costa Oaks,  it was already highly upgraded with pool, spa, palapa, outdoor kitchen–and very likely included the furnishings being offered by the seller at that time. The estimate for those upgrades at the time Dreyfuss purchased this La  Costa Oaks home was $300,000.

Two years later on August 1, 2008 Dreyfuss sold the home for $1,025,000. This 3683 square foot beauty had originally been listed at $1,299,000 and was eventually reduced to $1.1 million. Total market time was around 190 days.

Dreyfuss’ loss of at least $125,000 became a gain for the lucky La Costa Oaks buyer who settled into this celebrity home with magnificent views.

Meanwhile, if you want to see current homes for sale in La Costa Oaks, you can see them below–and recent sales underneath those.

7307 Circulo Papayo Carlsbad, CA 92009

$2,219,888
5 Beds
4.5 Baths
4,225 SqFt
Status Pending
MLS # NDP2112751
Property Type Single Family Residence
Price Type --
This is the coveted 'European Country' model at La Costa Oaks with a sloped roofline, castle turret, two front entrances, huge two-story entrance foyer with diamond pattern Italian porcelain and marble, and a stunning spiral staircase with imported Italian iron balusters. Perched on one of the highest hills in La Costa, the home has a view of a nature preserve/mountain to the east and, to the south off the castle turret room, there's a distant view of Mount Soledad, the University Town Center/Golden Triangle skyline, and the ocean off the La Jolla coastline. This is the largest model of Shea Homes' Highgrove subdivision, with five bedrooms (three of which have en suite attached bathrooms). This particular section of La Costa Oaks is only a five minute walk to La Costa Town Square stores, restaurants, movie theater, and a nearby nature preserve with seasonal waterfalls. First time on the market in 16 years (original owner). One of the largest lots in La Costa Oaks, on a quieter street, and facing a cul-de-sac and a nearby mountain for a more open feel. One of the most private lots in the community. Lush landscaping with large trees for privacy. The large purple bougainvillea near the front entrance blooms most of the year and is the star of the neighborhood. Numerous upgrades to this house. One of the few homes in the area with European-style pavers for large driveway and backyard patio, rather than cement. Impressive two-story-high entry and central corridor with a custom/added three-section glass divider to the adjoining castle turret, to let more light in (unique to this house). Two front entrances. Two garages with upgraded wood doors instead of metal (one 2-car and one 1-car). Custom Italian marble mosaic floor inlay in the two-door entry area to the huge master bedroom, which has a recessed ceiling. Two fireplaces. Four upgraded triple-locking Andersen French doors off kitchen. High-end appliances (built-in Sub-Zero refrigerator, Dacor range and dual ovens). Large kitchen adjoining family room, and a separate upstairs family room/loft with upgrade of outdoor balcony. Massive approximately 14 by 6 foot imported-marble island in kitchen with custom hand-blown glass light pendants above. Italian porcelain floor in kitchen. Under-counter lighting. Two heating/cooling systems for maximum efficiency (upstairs, downstairs). Integrated Bosch security system. Two wifi and internet controlled smart Nest thermostats, and a smart weather-adjusting sprinkler system. Surround sound pre-wiring in family room, loft, living room, and master bedroom. New water heater and whole house pressure controlling valve. Whole-house recirculating hot water system (on timer) for faster hot water. Cable, CAT 5 internet, and phone wiring. Large master bathroom with his and hers walk-in closets and mirrored doors (each side of doors), and Solatube lighting. Large two-person custom marble and glass shower, separate sinks, and a large bathtub. Four high-end Hunter ceiling fans. Wet bar/wine storage area with sink. Large walk-in pantry. Kohler plumbing fixtures. Built-in reverse osmosis water maker. Dual-pane energy-saving and noise canceling windows throughout. Large laundry room with many storage cabinets and sink. Access to two large pools, thus avoiding the ownership costs of pool maintenance ($250 a month typical) and water/energy costs ($150 a month typical). There's also a gym, and other amenities included in the very reasonable and stable HOA. The home includes the original builder specs notebook with paint codes, etc., and the original brochure. With the Feds announcing on December 16th 2021 that there will be up to three rate increases in 2022, now may be the best time to lock in historic low interest rates on this large, beautiful La Costa Oaks home.

3574 Calle Palmito Carlsbad, CA 92009

$2,700,000
5 Beds
5.5 Baths
4,714 SqFt
Status Active
MLS # NDP2113102
Property Type Single Family Residence
Price Type --
Welcome to La Costa Oaks! This former model home is steeped in Spanish Colonial elegance on a premier .31-acre view lot with private pool. *** Greeted by welcoming loggia, enter to custom cut Saltillo tile floors, soaring wood-beamed ceilings, abundant natural light and 5 fireplaces to capture the old-world charm & warmth of this luxury home. *** Large family room is open to kitchen which is highlighted by huge center island, GE Monogram double ovens and appliances, wine cooler, pantry, eating nook & cabinets w/storage galore. *** Spacious executive office with separate glass door entry, built-in bookcases and wood paneling is the perfect sanctuary to work at home, located on the main level as well as an additional 1BR/BA down. *** A sweeping staircase will usher you upstairs to the master bedroom retreat that is the lap of luxury. Flooded with light and accented with crown molding, warm wood built-in, dual sided fireplace and private view balcony. The master includes an additional versatile suite perfect for work, play, exercise, crafts or whatever your heart desires. *** Generous west-facing yard boasts fabulous pool w/lovely custom tile work, green hedges, patios perfect to dine al fresco, bask in the sunshine or drink in expansive views of the canyon and ocean! *** Owned solar, all rooms are ensuites, charming walk-in wine closet, media niche, 4-car garage, top schools.

3503 Caminito Sierra Unit 304 Carlsbad, CA 92009

$590,000
2 Beds
2 Baths
1,022 SqFt
Status Pending
MLS # 220000578SD
Property Type Condominium
Price Type --
Move in ready, new paint and flooring, upgraded kitchen counters, top floor unit wiith views of trees and creek, very private, no unit behind you, dual master suites, fireplace, highly ranked schools, close to shopping and athletic fields, units in this complex sell extremely fast so submit best offer up front. One car garage plus assigned outdoor space. Complex is gated and includes tennis court, racquetball court, lap pool, jaccuzzi, clubhouse, wieght room, sauna and BBQ's. Equipment: Garage Door Opener Sewer: Sewer Connected, Public Sewer Topography: GSL

3503 Caminito Sierra Unit 304 Carlsbad, CA 92009

$590,000
2 Beds
2 Baths
1,022 SqFt
Status Active
MLS # 220000578
Property Type Condominium
Price Type --
Move in ready, new paint and flooring, upgraded kitchen counters, top floor unit wiith views of trees and creek, very private, no unit behind you, dual master suites, fireplace, highly ranked schools, close to shopping and athletic fields, units in this complex sell extremely fast so submit best offer up front. One car garage plus assigned outdoor space. Complex is gated and includes tennis court, racquetball court, lap pool, jaccuzzi, clubhouse, wieght room, sauna and BBQ's. Easy to show, vacant on combo lockbox, call showingtime for appt Equipment: Garage Door Opener Sewer: Sewer Connected, Public Sewer Topography: GSL

7703 Caminito Puerto Unit 101 Carlsbad, CA 92009

$585,000 - 2Br/2Ba -  for Sale in Carlsbad
New
$585,000
2 Beds
2 Baths
1,022 SqFt
Status Active
MLS # 22116044
Property Type Condominium
Price Type --
Charming bright 2 bedroom 2 bath home situated in prime Carlsbad, in the sought after neighborhood of La Costa Hills. Open bright floor plan with lots of natural light. Primary bedroom is spacious with walk-in closet and en-suite bath. Additional bedrooms with nice sized closet, with new floors, and updated kitchen. The gated community features a pool, clubhouse, and tennis courts. This home is a gem, great for first time buyers or investors.
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4 responses to “Richard Dreyfuss Sells La Costa Oaks Home at Loss

  1. sorry – I've been in the home, and the views are crap and $1.025 is still way too much for the house

  2. Tammy: That is the nature of real estate–in not only La Costa Oaks, but most neighborhoods elsewhere as well. There is plenty of real estate inventory and buyers can be choosier than ever in recent memory. Richard Dreyfuss just bought his La Costa Oaks home too soon!

  3. the buyer was so lucky for having it only for $1 million, for a house that's so pretty its worth the price.!

  4. The buyers is damn lucky i think so.. he bought this home for just $1 million..incredible..Dreyfuss’ loss of at least $125,000 became a gain for the lucky La Costa Oaks..
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