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?
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 $3,900,000 - $5,900,000. 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
The crown jewel of Rancho Santa Fe’s Del Rayo Triple Crown Estates, The Belmont presents one of the finest, most exclusive living environments in the nation. Introduced by a phenomenal foyer with 2 curving staircases, the main home hosts 7 magnificent en suite bedrooms, including a main-level 4-room master suite. Soaring ceilings crown a grand salon that opens to a massive loggia, overlooking a lagoon-inspired pool with grotto, waterfalls, spa and slide. Enjoy an intimate dining room with private outdoor patio and fountain, a dedicated theater, a billiards room with pub bar and wine room, and an extraordinary island kitchen. A gated entrance mall lined with towering date palms provides an appropriate introduction to equestrian-themed grounds that are appointed with multiple patios and loggias with fountains; an outdoor entertainment pavilion; cooking stations including a pizza oven; a full bar and lounge; a self-contained 2-bedroom guest house; a separate gym and arcade building; a lighted and sunken tennis court; a secondary gated entrance; garage parking for 8; a 4-stall barn with tack, storage and office; a separate 6-bay garage for maintenance vehicles; full dressage or hunter/jumper ring; a round pen and gorgeous pastures.. Neighborhoods: Del Rayo Estates Equipment: Dryer,Fire Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Vacuum/Central, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
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
PRIVATED GATED ESTATE on the bluff overlooking the Pacific Ocean and entire coastline of the Santa Monica Bay to the North and Palos Verdes Estates to the South. A rare opportunity to own one of very few homes with private beach access. This property has a lagoon style pool, spa and basketball court on a 26,743 sq ft lot. 4 car garage and enough room to park 8 cars in the private driveway. There are 7 bedrooms, game room , theatre, sauna and a pool table room. A gorgeous chefs kitchen and dining room which also overlooks the coastline and Pacific Ocean. These type of properties are rarely offered for sale. Don't miss this chance to own your dream home right on the ocean bluff above Redondo Beach. Recent Planning commission approval for a remodel and addition
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.
The Casa Gemela has more than 32,392 sqf of living space on a 13,477 sqf lot. The design was created by the architect Gustave Umbdenstock, Master of Architecture at Beaux-Arts, who designed the famous Pont du Carrousel bridge among other icons of Parisian architecture. From the marble of Carrara, to columns, ironwork and stained glass windows were made in France and imported for the Casa Cámara. The whole house preserves the furniture, art objects and lamps of original signatures that were chosen by the Architect Umbdenstock especially for the Casa Cámara. The plans of the House House obtained the 1st place in urban architecture of house in the world fair of Paris of 1900. Casas Gemelas are just two of many architectural gems that line the famous Paseo de Montejo in Merida. Local Hacienda owners bought up streetside properties in the late 1800s and early 1900s along this Champs d’Elysees look-a-like and main avenue in Merida. The French and Italian Renaissance-inspired homes are more like palaces that single-family dwellings. Casa Gemelas, the twin houses, are the starting point of Paseo Montejo and the architectural journey found on this famous Merida avenue. All the furniture and art collection is included with the sale.
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.
245+ acres of your own private, sunny valley just 30 minutes to San Francisco or 45 minutes to Silicon Valley. Located in the coastal community of Montara, known for spacious, beautiful and uncrowded sandy beaches, this property has everything you need. Made up of twelve (12) individual parcels, this is one of the last privately-owned estate land parcels of this size in San Mateo County and certainly the largest so close to San Francisco International Airport. This property provides easy access to the more urban activities the SF Bay Area has to offer, while maintaining a wonderfully rural feel. The valley is surrounded on two sides by protected GGNRA lands. The forested hills surrounding the valley provide virtual complete privacy with only a few residential roof tops visible at the western edge of the entire estate. Development currently consists 0f 2 residences, apartment, 5 worker housing units, warehouses, offices, shops. Shown by appointment only - no drive-bys & no crashers
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.
Villa della Costa overlooks Santa Barbara's Gaviota Coast and its vast panorama of spectacular untouched seaside landscape with breathtaking 360 degree views of the mountains, pastoral countryside, Pacific Ocean and Channel Islands. The estate was conceived to reflect a passion for privacy, quality and the ever-inspiring drama of this remarkable setting. Newly built and completed in 2014, by architect J.M. Sewall & Associates with interior finishes designed by Mark Weaver & Associates, the result is a perfect fusion of early California style with today's demand for modern technology, convenience and comfort. Surrounded by large coastal ranch properties, all 106 acres were hand-picked for optimum privacy and views, an ultimate hideaway.
From its powerful second-row perch above the mercurial Pacific Ocean, this unparalleled custom estate in Dana Point’s The Strand at Headlands redefines luxurious seaside living. Ocean, whitewater, shoreline and evening-light views will be enjoyed from nearly every indoor and outdoor vantage point of the residence, which is designed by award-winning Brandon Architects. Floor-to-ceiling windows, slide-away glass doors, skylights, towering ceilings and generously sized living spaces combine to create a breezy, sophisticated vibe in the home. Discover 5 ensuite bedrooms, 7 full and 2 half baths, a media room, wine cellar, bar, theater, game room, gym and office in approximately 8,329 square feet. Served by an elevator, the 3-story floorplan welcomes guests on its main/2nd floor with an atrium-style foyer leading the way to a formal dining room, a great room, breathtaking island kitchen with secondary butler’s kitchen, and access to an ocean-view cabana, pool and spa. The infinity pool and spa create a cascading waterfall that adds tranquility to a lower sun deck. Ocean views are also enjoyed from a balcony off the master suite, which exhibits a sitting room with fireplace, a stunning bath with dual-walk-in closets, a massive glass-enclosed shower and tub space. Folding doors open the office to a front patio. The 5-car garage with double lifts will stun even the most discerning car collector.