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?
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 Under Contract
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 Under Contract
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.
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.
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.
400 Asegra Road Summerland, CA 93067
$9,200,000
2
Beds
2
Baths
1,082
SqFt
Status
Active
MLS #
19499432
Property Type
Single Family Residence
Price Type
--
Beautiful 18.9 ± acres at the top of Summerland. Summerland, a very quaint seaside town at the eastern side of Montecito. In the past, this property was utilized as a practice polo field with some residential structures along with some horse facilities. On site now is a 2 bedroom/2 bath home designed in the style of the San Ysidro Ranch with free standing 2 car garage. The home and its patio enjoy beautiful, white water ocean views and a sense of complete privacy. It is surrounded by large properties which are comprised of estate homes built within extensive avocado ranches. Access trails which are part of the Montecito Trails network.
81755 62nd Avenue Thermal, CA 92274
$17,900,000
11
Beds
10.5
Baths
12,016
SqFt
Status
Active
MLS #
219017983DA
Property Type
Single Family Residence
Price Type
--
Desert Pacific Properties is pleased to present this exclusive listing. The prestigious Keck Estate offers ultimate privacy on your own 300-acre ranch, just minutes from all the dining and shopping that La Quinta has to offer. The impressive estate is adorned with breathtaking panoramic views of the Santa Rosa mountains, its own private date orchard, a sprawling 10,000 sq. ft. home with 7 beds/7.5 baths, a 3 beds/2 baths guest home, 10-stall barn with apartment, and mobile home. Take advantage of this rare and exciting opportunity to own one of the most captivating properties in the Coachella Valley!
193 N Carmelina Avenue Los Angeles, CA 90049
$11,995,000
1
Bed
1
Bath
--
SqFt
Status
Active
MLS #
19504270
Property Type
Single Family Residence
Price Type
--
Gorgeous almost one acre (40,510 square feet per assessor's map) sun-filled, west-facing, street-to-street lot on quiet and picturesque stretch of extremely desirable North Carmelina Avenue in prime Brentwood. With almost 120 feet of width, street access from both Carmelina and Canyon View, an expansive flat pad and lovely tree-top vistas, this magical property, surrounded by major estates, affords a rare opportunity to build one of the Westside's most extraordinary estates. One of the largest parcels to come on the market in Brentwood in quite some time.
256 N Barrington Avenue Los Angeles, CA 90049
$6,698,000
5
Beds
6
Baths
5,025
SqFt
Status
Active
MLS #
20581348
Property Type
Single Family Residence
Price Type
--
Secluded beyond hedges within its own lush enclave, this Brentwood estate sits on an expansive 23,000+ sq. ft. lot in a highly coveted and convenient neighborhood. The spacious home features stately details throughout with mahogany and cherry hardwood floors, French sconces and chandelier, and custom cabinetry. The gourmet chef's kitchen is sure to entice with Brazilian granite countertops, Travertine floors, and Viking and Sub Zero appliances. The estate offers 5 bedrooms including the deluxe master suite with fireplace, spa bath with limestone floors and three walk in closets. As well as a guest suite with separate entrance and kitchenette. Just outside lies a serene oasis comprising a grassy lawn, Pebble Tec finish pool and spa surrounded by Beijing Green slate and two waterfalls. Pairing timeless flair with a space that modern-day individuals crave, this Brentwood estate offers the best in California living.
540 Crestline Drive Los Angeles, CA 90049
$7,995,000
6
Beds
10
Baths
11,412
SqFt
Status
Pending
MLS #
20597206
Property Type
Single Family Residence
Price Type
--
Ideally located on a quiet and private street in Brentwood sits this gated contemporary Mediterranean estate with over 11,000 square feet living space. Upon entering, you are greeted by vaulted beam ceilings and an abundance of natural light. Enjoy the open layout with spacious rooms and expansive decks from almost every room. The home features six bedrooms and ten bathrooms, the master suite is a dream and is dedicated to the entire upper level with a formal entry, two walk-in closets, fireplace, tub and balcony. The lower level is ideal for entertaining and includes a wine cellar, gym, great room and three en-suite guest rooms. This level opens up to the pool, spa and beautifully tiered grassy backyard surrounded by mature landscaping. This home embodies the elegance and prestige of its renowned neighborhood.