San Diego Luxury Home Sales to Benefit from Bonuses?

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by Scott Murphy

luxury home sales
Luxury Home in Carlsbad

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?

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6710 El Montevideo Rancho Santa Fe, CA 92067

$19,995,000
3 Beds
2 Baths
1,460 SqFt
Status Active
MLS # 150060589
Property Type Detached
Variance granted 150060590. A spectacular and rare 16.5 acre all usable parcel in Rancho Santa Fe. Stunning views of the mountains, 8 separate parcels, on a non-covenant island surrounded by covenant properties. Lots of possibilities...large estate, family compound or development opportunity.

5965 Camino Del Rey Bonsall, CA 92003

$9,950,000
4 Beds
4 Baths
3,000 SqFt
Status Active
MLS # 170013937
Property Type Detached
Remarkable 190+acre property in Bonsall, equestrian area close to San Diego, offers sophisticated farm living without isolation. Gardens, 3 ponds & lawns surround owner's 4 bedroom/4 bath hacienda w/pool. Enjoy mountain vistas across alfalfa fields, horse paddocks,+citrus/avocado groves. Amenities include extensive indoor tennis pavilion, separate 3/bd guest house, large equip dwelling facilities, + a separate managers residence w/pool. Gated & private w/character and country beauty. Exceptional property!

16528 Los Barbos Rancho Santa Fe, CA 92067

$8,995,000
4 Beds
4.5 Baths
8,083 SqFt
Status Active
MLS # 170017957
Property Type Detached
Privately situated one of the most premier view sites in all of Rancho Santa Fe, no expense was spared in creating this Wallace Cunningham custom designed 5BR Estate. As a crucial element in his designs, light was brilliantly incorporated to define, fragment and animate space. The Great Room is stunning with walls of glass opening on both sides: overlooking the stunning view beyond the zero edge pool on one side and the entertaining courtyard on the opposite side...see suppplement

595 San Antonio Avenue San Diego, CA 92106

$7,900,000
5 Beds
7 Baths
6,186 SqFt
Status Active
MLS # 170020741
Property Type Detached
Opportunity knocks on the Bayfront! Prominently positioned on 100 feet of prime bay frontage in the coveted La Playa area of Point Loma, this exceptionally private residence rests upon a spacious, corner lot surrounded by beautiful landscaping. The expansive floor plan boasts 5 en suite bedrooms, 7 baths, his & hers offices, and a bonus room. Large living areas open onto a generous pool patio providing the perfect environment to dine al fresco while enjoying exquisite panoramas of the yacht-filled marina.

519 Ocean Blvd Coronado, CA 92118

$12,900,000
8 Beds
5.5 Baths
7,140 SqFt
Status Active
MLS # 170037345
Property Type Detached
Amazing opportunity to own a trophy property!! Coronado's most remarkable water front estate, named SEASHORE has the most ocean frontage of any Coronado home with approx 250' along Ocean Blvd!! Designed by the famous San Diego architect, William Hebbard, this grand mansion with its stately rooms and gardens, takes advantage of spectacular beach views!! Unique opportunity to own an extraordinary estate on the ocean front. Combined lots total approx. 25,000 sf.

7010 El Camino Del Norte Rancho Santa Fe, CA 92067

$28,000,000
4 Beds
9 Baths
8,148 SqFt
Status Active
MLS # 170044062
Property Type Detached
Del Dios Ranch presents an outstanding opportunity to acquire one of the most expansive tracts in coveted Rancho Santa Fe, California. Located in this affluent community, the property comprises some 61.24 acres (Covenant and non-Covenant). The residence itself is a magnificent redwood, glass, and marble structure, with foundations and framework of poured-in-place concrete commanding 360-degree views from its private hilltop location.

6372 Las Colinas Rancho Santa Fe, CA 92067

$8,900,000
7 Beds
9.5 Baths
11,325 SqFt
Status Active
MLS # 170044500
Property Type Detached
Thomas Jakway custom designed Mediterranean inspired Estate in the Covenant of RSF. Resting upon an elevated 5.99 acres w/ enchanting koi ponds, water falls, citrus groves, olive trees, massive, open & flat grass area, resort-style pool with cabana & entertainment area. This 11,325 sqft sprawling single level offers 6 bedrooms, 9 baths, grand office, hobby room, plus a detached Casita with Pool Cabana and bath, and a 9-car motor court. Cross the bridge… pass the lions… your castle awaits…

6045 La Jolla Scenic So. La Jolla, CA 92037

$9,250,000
6 Beds
8 Baths
7,165 SqFt
Status Active
MLS # 170048281
Property Type Detached
Spectacular Santa Barbara Coastal Classic new custom estate situated on approx. one acre with unparalleled quality & design. Featuring private gated entry, courtyard w/water fountain. This home boasts 6 bed/8 bath, open floor plan, F/R opens out to covered veranda, dual master suites, covered terrace, wood floors, custom wood cabinetry, gourmet kitchen. Smart Home & Audio/visual system. Leed Silver Certified, photo-voltaic panels. Featuring resort living backyard, pool, spa, BBQ & roof deck with views.

17461 Avenida De Acacias Rancho Santa Fe, CA 92067

$6,350,000
5 Beds
7 Baths
10,811 SqFt
Status Active
MLS # 170051262
Property Type Detached
REDUCED $1M! Nestled on 3.05 acres of private, gated and lush grounds in one of Rancho Santa Fe Covenant's best areas, this connoisseur's estate celebrates the art of fine living and entertaining. Encompassing 10,811 square feet of architecturally stunning interiors with traditional influences, the main residence includes 5 bedrooms, 5 full and 2 half baths and a private 2 bedroom and 2 bath, 1,200 sq. foot self-contained guest house.

2116 Balboa Avenue Del Mar, CA 92014

$9,800,000
4 Beds
4.5 Baths
5,600 SqFt
Status Active
MLS # 170055067
Property Type Detached
Enjoy spectacular whitewater ocean, sunset & Del Mar racetrack views from this extraordinary seaside Villa in Olde Del Mar. Situated on an impressive 15,000 sq. ft. parcel, this gated residence was built with a meticulous attention to detail & quality craftsmanship throughout. 4BR/4.5 baths plus a den, office, imported marble & mahogany wood flooring, wine room and entry level master suite w/1,000 sq. ft. loggia. Expansive yard with large grassy area, flagstone patios, fire pit, vanishing edge pool & spa.

6424 La Valle Plateada Rancho Santa Fe, CA 92067

$24,995,000
5 Beds
6.5 Baths
21,000 SqFt
Status Active
MLS # 170056144
Property Type Detached
This 6.75 all usable view acre estate excites the senses immediately as one enters the grand iron gates. As you drive past the cascading waterfalls through the lush tropical vegetation, you are welcomed to a stunning foyer. Massive arched windows beckon you into the formal living room with picturesque resort pool and waterfall views. See Supplement...

7750 Lookout Drive La Jolla, CA 92037

$7,888,000
4 Beds
7 Baths
8,849 SqFt
Status Active
MLS # 170059065
Property Type Detached
New construction, by one of La Jolla’s premier builders, Cicone Construction Company, in the coveted Lower Hillside Neighborhood. Enter this elegantly appointed warm contemporary home, and be immediately greeted by peaceful ocean views from the main living level. Neutral colors seamlessly blend the kitchen, dining and living spaces. Over 8,500 square feet of meticulously detailed living space. See supplement, for further description of this exceptional property.
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2 responses to “San Diego Luxury Home Sales to Benefit from Bonuses?

  1. Roberta, I tried commenting on the post with the galoshes and had trouble getting to the comment page. I guess the effects of the hacking will be felt for a while longer. Glad Sand Diego Luxury Real Estate blog is back up and running!

    Maggie Dokic

  2. Maggie,

    I am grateful to once again have a presence on the web. This hacking attack was heartless and senseless for those targeted.

    It’s akin to an online earthquake or hurricane. You come in and assess the damage and try to figure out what needs rebuilding and repair.

    As if we had time to take on such an additional chore….

Comments are closed.