by Scott Murphy
Many top executives at large investment banking firms will be depositing some jumbo bonuses by the end of this month–and I can’t help but wonder if San Diego real estate and luxury home sales will also get a boost from this largesse.
Despite an overall bonus decrease of 10% due to months of multibillion-dollar bank write-downs and a spreading credit crisis, many will be pocketing some still-sizeable sums.
Depending on which firm they work for and the position held, some of these Wall Street and corporate bonuses can range anywhere from up to $2 million to $50 million.
Real estate prices this year have dropped and where else should these high earners invest their bonuses?
According to Forbes, some of these bonus recipients may also be rookies as well as first time homebuyers looking in the $5 to 6 million range. For top executives, the bonuses will be substantially more and potentially leading them towards the $20,000,000 home range.
Some rich real estate markets such as Manhattan, San Diego, the Silicon Valley area, Los Angeles and other top markets, just might see an increase of sales come the end of the year. Interest is already brewing in a number of these luxury markets.
In the coastal San Diego real estate market for example, Rancho Santa Fe, Del Mar, La Jolla, Carmel Valley, Coronado, Solana Beach, Cardiff, Encinitas, Carlbad and downtown San Diego (all coastal) offer some of the finest luxury homes in San Diego County. Inventory levels are also attractive for these flush buyers, which should make the home shopping experience even more fun.
At the other end of the country, many bonus-rich buyers will be shopping properties in Manhattan including townhomes overlooking Central Park, which have asking prices at $50,000,000 or more. These executives might not be able to pay cash for one of these properties, but can rest assured that large down payments will be coming from a secure source.
Of course the purchase of one of these homes will depend on the size of the bonus. But for some just starting out in the business, a nice condo in a great location would work very nicely–and San Diego might be just the ticket.
Heres wishing fat bonuses to all!
For additional information call Scott or Roberta Murphy at either 760-942-9100 or call/text at 760-613-6190
Curious about most expensive homes in Rancho Santa Fe, Del Mar, La Jolla and other fine communities?
929 Border Avenue Del Mar, CA 92014
$49,000,000
--
Bed
--
Bath
99
SqFt
Status
Active
MLS #
71064797
Property Type
Single Family Residence
Price Type
--
Undeniably, a once in a lifetime opportunity, to own a fully approved VESTED TENTATIVE MAP for 5 oceanfront lots, just received (Pink Report). One of the most exclusive & unique properties in the US! Do not miss this extremely rare & remarkable opportunity to make this acreage in the heart of Del Mar your own. A spectacular waterfront property of over 6.9 acres atop the bluffs of Del Mar lays a beautiful canvas to build your very own vision of paradise.variance granted #71065978 [Supplement]: Three oceanfront lots ranging from $10,000,000 - $14,999,900. Two interior lots with phenomenal ocean & eastern views from $4,900,000 - $7,900,000. Sellers accepting non-binding reservations, buyers to receive copy of pink report and sign reservation form. Tucked away down a quiet drive just west of Highway 101 and secluded behind a private gate lays your ocean front oasis with over 396 feet of prime ocean front land. This 6.9+ acre property is perched on the bluffs overlooking the Pacific Ocean and is just across from the prestigious Del Mar Racetrack. Del Mar Village and the shops of Solana Beach are both a short walk away. Discover the perfection of living at the waters edge with the ocean as your front yard. TTM-14-001
16242 Shadow Mountain Drive Pacific Palisades, CA 90272
$11,000,000
8
Beds
8.5
Baths
9,165
SqFt
Status
Active Under Contract
MLS #
17202444
Property Type
Single Family Residence
Price Type
--
Shadow Mountain is an enclave of 46 wonderful estates that enjoy 24 hour live-gated security just minutes from all that Pacific Palisades has to offer. This spectacular property was conceived and custom built to recreate a comfortable and lovely chateau from the south of France. Set on over an acre with stunning ocean, hillside and vineyard views, 16242 Shadow Mt. enjoys a huge flat yard, a wonderful custom paved pool and a great sports court. The owners/builders imported antique and reclaimed tile, stone and pavers from France and generously and creatively added these beautiful and timeless finishes throughout the house. The house is nearly 9,000 sq. ft. and has high ceilings, oversized doorframes, walls of French doors and gracious places to relax with family and friends or host huge gatherings.The kitchen has it all and is a true chef's paradise with Viking appliances, wonderful work surfaces and 2 large farm sinks. There is an oversized 3 car garage and an electric charging station
11495 Cypress Canyon Rd San Diego, CA 92131
$20,000,000
4
Beds
3.5
Baths
2,496
SqFt
Status
Pending
MLS #
180011649
Property Type
Single Family Residence
Price Type
--
Once in a lifetime opportunity to own one of the last largest parcels in Scripps Ranch / Poway area. Sewer: Septic Installed, Sewer Available Topography: ,RSLP,GSL,SSLP
6545 Redwood Retreat Road Gilroy, CA 95020
$13,200,000
6
Beds
6.5
Baths
4,144
SqFt
Status
Active
MLS #
ML81711859
Property Type
Single Family Residence
Price Type
--
Back on the Market, this priceless country ranch is just south of Morgan Hill, a few miles from Watsonville Road on the Santa Clara Wine Trail and Redwood Retreat Road. A 852 acre private haven that has been in the same family since the late 1950s, with a beautifully preserved William Wurster designed main house that watches over the park like setting, surrounded by heritage oaks & serene gardens. Experience the gently rolling hills as you approach the main house on the classic gravel drive. The award winning 22 acres of vineyards produce some of the best known and sought after Santa Cruz AVA wines. The opportunity to create a farm to table lifestyle is all there! Bring your horses, explore the trails, round up your own cattle. Most of the property is in the Williamson Act, allowing for very low property taxes. These private lands & vineyards await the next steward who values a step back in time, close enough to enjoy as week-end retreat, summer place, a or full-time ranch residence.
6500 Redwood Retreat Road Gilroy, CA 95020
$13,200,000
6
Beds
6.5
Baths
4,144
SqFt
Status
Active
MLS #
ML81712044
Property Type
Farm
Price Type
--
Back on the Market, this priceless country ranch is just south of Morgan Hill, a few miles from Watsonville Road on the Santa Clara Wine Trail and Redwood Retreat Road. A 852 acre private haven that has been in the same family since the late 1950s, with a beautifully preserved William Wurster designed main house that watches over the park like setting, surrounded by heritage oaks & serene gardens. Experience the gently rolling hills as you approach the main house on the classic gravel drive. The award winning 22 acres of vineyards produce some of the best known and sought after Santa Cruz AVA wines. The opportunity to create a farm to table lifestyle is all there! Bring your horses, explore the trails, round up your own cattle. Most of the property is in the Williamson Act, allowing for very low property taxes. These private lands & vineyards await the next steward who values a step back in time, close enough to enjoy as week-end retreat, summer place, a or full-time ranch residence.
12834 Highwood Street Los Angeles, CA 90049
$31,400,000
6
Beds
8
Baths
--
SqFt
Status
Active
MLS #
18382760
Property Type
Single Family Residence
Price Type
--
Majestic CA Traditional on over 1.7 acres (74,870 Sq Ft) of gorgeous grounds w/ grt pvcy in the very finest BW Park location. Set off the st behind gates w/ mature gardens, towering trees, circular drive, this gracious estate reminiscent of Pasadena's Tournament of Roses Hse has been painstakingly restored, remodeled & expanded w/ no detail overlooked or expense spared. Beau proportioned main house organized around a ctyd includes formal entry, generous LR, fam rm, cozy library, cook's kitch; & fab master ste w/ sit area, fP, pristine bath & lg fitted closet. 4 addl BR's in the main hse + upstairs plyrm, 2 laundry rms & mudrm. Set in the garden is an equally charming 2-sty gst hse w/ gym, full kitch, liv rm, office/bedrm & two bths. Expansive park-like grounds include terraces, outdr FP, fountain, rolling lawn & lg pl/spa. Extremely rare oppty. Note: The 1.7 acres/74,870 Sq Ft consists of 2 lots (12834 & 12846 Highwood) each over 37k sq ft, w/ 12846 Highwood being vacant/unimproved.
3874 Puerco Canyon Road Malibu, CA 90265
$6,495,000
6
Beds
6.5
Baths
6,400
SqFt
Status
Active
MLS #
18399860
Property Type
Single Family Residence
Price Type
--
Panoramic Ocean & Mountain Views - Castillo Del Mar all redone in 2011. Contemporary Villa with over 6400 Sq ft. Five Bedrooms plus a detached ocean view, Recording studio that can be converted back to a guest house. This beautiful villa offers a Great Room with limestone floors, full bar, opening up to a gourmet island kitchen. First floor oversized master suite with fireplace, and huge walk-in closets. Ocean view Master bathroom with marble counters and floors, spa tub and steam shower. Adjacent is an ocean view bedroom with bath. Walnut floor staircase leading to the upper level Theater and Music room with state of the art sound systems. Two additional bedrooms and bathrooms with ocean and mountain views, ocean view office with wet bar. Elevator, lap pool with Jacuzzi/waterfall. Outside entertainment area off the pool with outside fireplace, kitchen with BBQ and 4 car garage w/ large motor court lush landscaping on over 1.5 acres. Smart house gated & private.
Los Altos Hills CA 94024
$14,999,999
6
Beds
11
Baths
9,677
SqFt
Status
Active
MLS #
ML81731465
Property Type
Single Family Residence
Price Type
--
Set atop a magnificent view lot with jaw-dropping panoramas of the San Francisco Bay, East Bay mountains and Silicon Valley, this architectural tour de force by the renowned Swatt Miers team showcases a site specific design adjacent to nearly 4,000 open-space acres of Rancho San Antonio. A private road leads to an expansive motor court and mini vineyard. Interiors feature 24-foot ceilings, sliding Fleetwood walls of glass to sunlit terraces and panoramic views, two exquisite master suites, a German-engineered kitchen and lower entertainers level with a theatre, walk-in wine cellar, family room with bar and fitness center. Expansive decks lead to a zero-edge infinity pool and spa, succession of terraced lawns and a guest house with its own pool. Immersed in nature yet just 30 minutes to SFO and SJC, the home is a showpiece of style and substance, affording its owner boundless space, privacy and pristine natural beauty in coveted Los Altos Hills, unincorporated Santa Clara County.
211 Elm Court Unit 35c Los Angeles, CA 90067
$6,500,000
2
Beds
2.5
Baths
2,521
SqFt
Status
Pending
MLS #
19436726
Property Type
Condominium
Price Type
--
The two 44-story glass towers, designed by Pei Cobb Freed, provide unparalleled panoramic views with 10 feet ceilings and floor to ceiling glass. Entrance to the tower is through a 24-hour Gate to the valet. The exclusive 24- hour services and amenities include a pool, fitness center, spa, screening room, library, game room, personal wine storage, dining rooms, and 24-hour concierge service. Residence 35C is a two bedroom, two-and-a-half-bathroom residence complete with a formal entry foyer that leads directly into the expansive great room featuring a gas fireplace and access to the 20' terrace and private den, offering breathtaking views from every angle. The master bedroom features his and hers walk-in closets and an en-suite five-fixture master bathroom and private terrace. On the opposite end of the residences is the second bedroom, complete with an en-suite bathroom. This residence features a private elevator lobby.
614 The Strand Manhattan Beach, CA 90266
$13,000,000
4
Beds
3
Baths
2,128
SqFt
Status
Pending
MLS #
SB19048782
Property Type
Single Family Residence
Price Type
--
Nothing but skies & sands and the blue Pacific Ocean! Experience oceanfront living at its finest, with stunning views from Malibu to Palos Verdes to Catalina. Walk to shops, restaurants and everything Downtown Manhattan Beach has to offer. Or, relax, sit back and watch the sunset in the comfort of your balcony. The main home was remodeled featuring a gourmet kitchen with stainless steel state-of-the-art appliances, including a wine cooler, ice maker, 4 burner stove with a center grill station, sub-zero refrigerator, microwave oven, oven and a warming drawer. Beautiful granite counter tops were used extensively in the kitchen and bathroom. The bathroom features all of the luxury from a spa tub to a steam shower. The main house is equipped with a sound system allowing music to play in all rooms. The courtyard offers privacy, space and an outdoor shower to wash off the sand. A separate 1+1 unit (located above the garage) is perfect for guests or a tenant, featuring a full kitchen, private entry and ocean views. The laundry room also has it’s own private entry, 3/4 bath and an extra room that can be used as a bedroom or office. This is a once in a lifetime chance to own your beautiful home on the strand.
120 Montecito Ranch Lane Summerland, CA 93067
$65,000,000
11
Beds
22
Baths
43,000
SqFt
Status
Active
MLS #
19452870
Property Type
Single Family Residence
Price Type
--
Welcome to Montecito paradise. This estate boasts 43,000 sqft of luxury living on 20 acres with mountain and ocean views. This grand Mediterranean-style mansion features 7 bedrooms, 9 bathrooms, formal dining room, gourmet kitchen, breakfast room, family room, library, 5,000-bottle wine cellar and tasting room, 15-seat movie theater, gym, spa, lounge, a disco/ballroom that can accommodate 200 people, and a separate guest wing. Complementing the main house are two 2-bedrooms guest suites, a club house, a pool house, a helicopter hangar, and a 4 car garage plus external parking for up to 100 cars. The beautiful grounds feature private polo field, swimming pool, horse stable, a helipad, putting green, driving range, duck ponds, and many more. This one of a kind compound is truly world class.
25 Rue Du Semaphore 61900
$60,000,000
6
Beds
7
Baths
14,000
SqFt
Status
Active
MLS #
19497972
Property Type
Single Family Residence
Price Type
--
Located Between Menton and Monaco, Roquebrune-Cap Martin was long one of the most sought-after locations by both artists and the aristocracy of the Belle Epoque. The medieval village huddled around the villa rears up above Cap Martin, a well-preserved heaven with Mediterranean greenery. This historical property from 1930 has been fully renovated, and is surrounded by 3.5 acres on a huge flat yard. This 4-story property features spacious living, family, and dining rooms, an elevator, and all of this on 14,000 sq ft. Its gorgeous garden facing the sun, offers a pool on the vast balcony of 3,000 sq ft. with specular views. One level is entirely dedicated to the bedrooms, offices opening on the balcony. Total 6 master bedrooms, a movie- theatre, a fitness room, and on the roof, another balcony with spa and a 360 panoramic view on the Cap, the sea, Monaco and Italy. Added to this, a maid-suite, and a 12 car-garage.