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 $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
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
433 Paseo De La Playa Redondo Beach, CA 90277
$14,500,000
7
Beds
7
Baths
7,792
SqFt
Status
Active
MLS #
SB18049746
Property Type
Single Family Residence
Price Type
--
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
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.
495 Paseo De Montejo Outside Area (outside U.s.) Foreign Country, CA 97000
$18,000,000
10
Beds
8
Baths
32,292
SqFt
Status
Active
MLS #
PW18241604
Property Type
Single Family Residence
Price Type
--
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.
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.
771 Rivera Road Outside Area (inside Ca), CA 94037
$11,500,000
3
Beds
2.5
Baths
2,600
SqFt
Status
Active
MLS #
ML81730915
Property Type
Residential
Price Type
--
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
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.