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
$89,000,000
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Bed
--
Bath
--
SqFt
Status
Active
MLS #
71064797
Property Type
Single Family Residence
Price Type
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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
177 Shorewood Drive Lake Arrowhead, CA 92352
$6,250,000
9
Beds
9
Baths
14,173
SqFt
Status
Active
MLS #
11513899
Property Type
Single Family Residence
Price Type
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Waterfront! Only 1 and a half hours from Los Angeles to Paradise! LAKEFRONT!The Ultimate Lake Arrowhead Lakefront! Not another like it. Surrounded by water on 3 sides. Custom Built. Presidential Master Bedroom Suite with 2 Fireplaces and Wet Bar. Entirely Separate Guest Wing within residence with 4 Bedrooms, 2 Baths, Grandscale Living/Game Room with Bar. Gentleman's Sports Bar and Lounge. Elevator. Grand Patio Area. Double Dock. Spa and Sauna. Separate 2 Bedroom Guest House. Total of 9 Bedrooms and 8 baths. 2 Garages. Wonderful Guest House as well.
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
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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
53713 Ross Avenue Unit 37a La Quinta, CA 92253
$11,000,000
7
Beds
9
Baths
12,105
SqFt
Status
Active Under Contract
MLS #
218002464DA
Property Type
Single Family Residence
Price Type
--
Please call the Madison Club Sales Team for more information.
955 Vista Ridge Lane Westlake Village, CA 91362
$8,900,000
6
Beds
12
Baths
15,835
SqFt
Status
Active Under Contract
MLS #
218002386
Property Type
Single Family Residence
Price Type
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Located in the prestigious private community of North Ranch Country Club Estates, this Mediterranean inspired home is a luxurious yet comfortable home defined by a wealth of spectacular custom design elements. The approx. 15,835 sq. ft. 6 bedroom, 11 bathrooms estate that sits on 4.3 acres includes a family room, living room, formal dining room, a spectacular 2 level library with impressive architectural detailing, a playroom, indoor racquet ball court / basketball court, a subterranean temperature controlled wine room, & an impressive two-level theater/game room. The magnificent rear grounds are completely private & serene, offering a variety of distinctive & separate areas to enjoy a vacation-like escape; including a tropical lagoon with a cascading waterfall & 120' slide, pool house,full tennis court with a viewing pavilion, streams, lounging terraces, two fully equipped grilling/kitchen stations with a pizza oven. An extraordinary property!
10985 Bellagio Road Los Angeles, CA 90077
$8,450,000
3
Beds
3
Baths
2,485
SqFt
Status
Active Under Contract
MLS #
18319402
Property Type
Single Family Residence
Price Type
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First time on the market in over 50 years, the 28,281 square foot Bellagio Road promontory overlooks the magnificent 15th fairway of Bel Air Country Club and features magnificent views! There are only a handful of original remaining homes in Bel Air waiting to be redeveloped. This California ranch home features a pool and huge motor court.
1 Motu Moie French Polynesia Outside Area (outside U.s.) Foreign Country 98709
$6,500,000
5
Beds
5.5
Baths
3,200
SqFt
Status
Active
MLS #
SR18068690
Property Type
Single Family Residence
Price Type
--
Constructed in 1993 and remodeled in '08 and '09, Motu Moie is located 15 miles from Bora Bora. This reef protected 20 Acre Private Island in the Tahitian Island chain of French Polynesia comes complete with 3 Guest Beach Bungalows, 1 Owners Bungalow, 1 Caretakers Bungalow, 1 Kitchen and Entertainment Bungalow, 1 Maintenance and 1 Sports Bungalow. The islands electricity for both lighting and refrigeration is Solar Power and fresh water is provided by the islands natural coral filtered well. The Sports Bungalow includes equipment for snorkeling, windsurfing, kayaking, fishing, spearfishing, water skiing and sailing. Living space sqft unknown. The village of Patio on the island of Tahaa is a 5 minute boat ride away where you will find shopping for food and necessities, government offices and a doctors office. French is the official language but English is taught in the schools and is widely spoken. The Raiatea airport is a 25 minute boat ride from Motu Moie with daily flights to Tahiti and Bora Bora. The nearby city of Uturoa is the cultural center and the country's 2nd largest city. Here you'll find most everything you desire, including various shops, restaurants, supplies, and a community hospital. Markets offer products and food from France and around the world. Flights from Los Angeles to Papeete arrive daily. A 40 min local flight brings you to Raiatea/ Tahaa then a short boat ride brings you to Motu Moie, or should we simply say..., paradise! LIFE IS SHORT
12830 Deer Creek Lane Los Altos Hills, CA 94022
$9,980,000
5
Beds
6.5
Baths
7,525
SqFt
Status
Active Under Contract
MLS #
ML81707830
Property Type
Single Family Residence
Price Type
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A masterpiece of architectural and interior design in a new subdivision of brand new custom homes, this exquisite new home exudes a sleek and stylish ambiance, while walls of glass frame sweeping views of the western hills. Thoughtfully designed to embrace the setting as well as a variety of lifestyles, the property combines contemporary style with energy efficient green building principles. The pervasive use of extraordinary materials establishes a rich, meditative tone throughout that works in harmony with the surrounding natural beauty. With everything needed for the utmost in luxury from the home theater to the wine cellar, elevator, and heated terraces featuring beautiful water fountain with etched designer glass, this is truly an unrivaled place to call home in Silicon Valley. Separate Guest House with its own 2 car garage. Located in top Palo Alto schools. Close to top Silicon Valley companies. Owner offers one year free membership in the Fremont Hills Country Club.
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
--
NEW PRICE for Priceless Ranch! Just south of Morgan Hill, a few miles from Watsonville Road and on the Santa Clara Wine Trail is the turn off to Redwood Retreat Road and the way to Bates Ranch Vineyard. A 932 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 setting, surrounded by heritage oaks & serene gardens that greet you as you pull up 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 increase the vineyards, plant olive groves, & create a farm to table lifestyle is all there! Bring your horses, explore the trails, round up your own cattle . A number of optional settings await your new dream home. These private lands & vineyards await the next steward who values the private yet close location to enjoy as week-end retreat, summer place, a full-time ranch or retreat.
6545 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
--
NEW PRICE for Priceless Ranch! Just south of Morgan Hill, a few miles from Watsonville Road and on the Santa Clara Wine Trail is the turn off to Redwood Retreat Road and the way to Bates Ranch Vineyard. A 932 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 setting, surrounded by heritage oaks & serene gardens that greet you as you pull up 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 increase the vineyards, plant olive groves, & create a farm to table lifestyle is all there! Bring your horses, explore the trails, round up your own cattle . A number of optional settings await your new dream home. These private lands & vineyards await the next steward who values the private yet close location to enjoy as week-end retreat, summer place, a full-time ranch or retreat.
1436 Bella Drive Beverly Hills, CA 90210
$17,500,000
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Bed
--
Bath
--
SqFt
Status
Active
MLS #
18373270
Property Type
Single Family Residence
Price Type
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Approved plans for a 30,000+ sq. ft. modern Mediterranean home overlooking Beverly Hills. With plans designed to maximize light and views, the hillside architectural would fuse an entertainer's dream and a luxury retreat, from an expansive family and entertainment room to over 4,000 sq. ft. of covered patios, and even a wine tasting room with production capability and storage capacity for a world-class collection. Also outlined in the plans is a sumptuous private master suite with a private garden and pool. Revel in the beauty of the impeccable landscaping with olives, lemons, pomegranates, and avocados as well as legacy gardens. The dramatic motor court draws inspiration from the original Rudolph Valentino Estate. Formerly a retreat for the late socialite Doris Duke, the property also comes with an existing guest house and garage.
519 N Bedford Drive Beverly Hills, CA 90210
$6,980,000
5
Beds
6.5
Baths
6,195
SqFt
Status
Active
MLS #
AR18209342
Property Type
Single Family Residence
Price Type
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Prime Beverly Hills Flats East End Opportunity to Own a Fabulous Contemporary Designed by Architect Buff & Hensman with 5 Bedrooms and 6 Bathrooms. Front Yard Entrance Leading to a Charming Courtyard and Swimming Pool. High Ceiling in the Front Door , Downstairs Two Bedrooms Suites and Powder Room, Gorgeous Living Room and Kitchen with Central Island, Spacious Master Suite on the Second Floor with 2 Great Sizable Walk in Closets and Soak Tub. Attached 2 Car Garage in the Back Alley and Additional 4 Cars Parking Space in the Front. Fixer-Upper in Desirable Area. Excellent Investment Potential or You can Renovate this House of Your Dreams.