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?
177 Shorewood Drive Lake Arrowhead, CA 92352
$6,500,000
11
Beds
9
Baths
14,173
SqFt
Status
Active
MLS #
11513899
Property Type
Single Family Residence
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.
1002 S Kamini Hydra Piraeus Greece Outside Area (inside Ca), CA 18040
$6,825,000
5
Beds
--
Bath
4,830
SqFt
Status
Active
MLS #
13708901
Property Type
Single Family Residence
One of the islands that are most near Athens, is Hydra, renowned for its cosmopolitan lifestyle, its natural beauty, its supply of Greek Ministers, and of Greek Navy admirals.Many a celebrity can be seen in Hydra every summer, most of them proud owners of properties.We are very proud to say, that for the first time ever, the villa of one of the most famous Greek Patriots from the 1821 successful revolt of the Greeks against the Ottoman Empire, is on the market. The villa of the beloved and much admired and revered admiral Miaoulis, has been painstakingly restored to its original glory by the famous Greek architect Varangis. With dreamy, unobstructed views of the Hydra straits, this unique piece of history, built in 1808, is something not to be missed by those who can truly appreciate an one of a kind property when they see it. Agents please read Private Remarks
325 Whispering Pines Drive Arcadia, CA 91006
$7,880,000
6
Beds
8
Baths
9,074
SqFt
Status
Active
MLS #
AR15123709
Property Type
Single Family Residence
This beautiful luxury property is situated in the exclusive Whispering Pines Estates in Arcadia with its award winning school district. With 24 hour gated security and patrols, safety and privacy are priceless features and offer peace of mind. The prime location reveals a 270 degree view of the entire LA landscape, which is enjoyed throughout the custom home and infinity pool. The two story mansion designed by a local renowned architect is sophisticated and contemporary, offering over 9,500 square feet of living space . Upon entering the front door, a grand two story foyer greets the homeowner and guests, and the open floor plan features a living room and dining room right off the main hall, perfect for entertaining. The spacious family room and custom kitchen with Viking appliances and imported marble create a perfect area for family and guests, while a large office and two bedrooms completes the ground floor. A custom staircase and interior elevator lead to the second floor, which features a grand master with large walk in closet and bath spa, three bedrooms, family area, and attic gym. Homes do not appear on the market often in this exclusive community, and this is truly a unique opportunity for a signature piece of real estate in the neighborhood.
11 Pelican Vista Drive Newport Coast, CA 92657
$13,980,000
4
Beds
9
Baths
7,644
SqFt
Status
Active
MLS #
NP15171032
Property Type
Single Family Residence
A modern masterwork in Newport Coast, 11 Pelican Vista represents a perfect intersection of architecture, design, and technology. Ocean and harbor views perfectly complement a contemporary interior, featuring a spacious floorplan and an abundance of natural light. 13; The light that fills this stunning home is what defines it. From the thousand-crystal chandelier that dominates the massive entryway, to the customizable LED system subtly installed in every room, light is what makes this home unforgettable. Control the light with the flick of a finger on any one of the Crestron panels throughout the home: raise and lower shades, change colors, and set custom profiles with ease using the intuitive system. 13; The lighting effects are amplified by the gleaming white finishes throughout the property; premium materials on every surface create an incomparable meeting of modernity and luxury. Bang & Olufsen multimedia equipment can be found in every zone of the property, creating amazing audiovisual experiences that follow you from room to room. Miele appliances and Dorn Bacht fixtures complete the sense of pervasive luxury that make 11 Pelican Vista such an unforgettable property.
6710 El Montevideo Rancho Santa Fe, CA 92067
$19,995,000
3
Beds
2
Baths
1,460
SqFt
Status
Active
MLS #
150060589
Property Type
Single Family Residence
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.
16421 Pacific Coast Highway Pacific Palisades, CA 90272
$25,000,000
3
Beds
2
Baths
--
SqFt
Status
Active
MLS #
16101700
Property Type
Single Family Residence
The largest residential property South of Sunset Blvd in the entire Los Angeles basin. 33 magical acres, 8 horse stalls and turnout several acres level, a small 3 bedroom 2 bath ranch home. 600 feet frontage on Will Rogers' Beach with unobstructed Queen Neckless views, year round streams. This property is almost one mile long. Best suited for one large estate. Nothing compares.
33 Monarch Bay Drive Dana Point, CA 92629
$14,995,000
5
Beds
7
Baths
10,900
SqFt
Status
Active
MLS #
LG16086496
Property Type
Single Family Residence
This stunning oceanfront home is angled on an elevated promontory capturing miles of uninterrupted coastline and cerulean blue ocean as far as the eye can see. Built in 2003, the spacious 10,900 square foot contemporary home unfolds with an impressive entry, wide gallery halls, volume ceilings, floor-to-ceiling glass, wonderful natural light and warm ocean breezes. The breathtaking ocean views extend past broad limestone terraces while a secluded central courtyard is perfect for entertaining with outdoor fireplace, cook center, and spa. Five en suite bedrooms include well-designed guest quarters, a chef-grade kitchen with Butler 8217;s pantry and caterer 8217;s entry, dramatic living room with wrap-around views, two elevators, wine cellar, and oversized motor court leading to three car garage. Monarch Bay is a guard-gated community with 24-hour security, tennis, private Beach Club on the sand, and rests in close proximity to Monarch Links Golf and the St. Regis, Ritz Carlton and Montage Resorts. Considered the premier oceanfront location in Monarch Bay, this fine residence offers unmatched space, design and coastal views above the crashing surf.
42 Pelican Point Drive Newport Coast, CA 92657
$15,995,000
4
Beds
5.5
Baths
8,800
SqFt
Status
Active
MLS #
NP16154478
Property Type
Single Family Residence
This European Baroque-inspired-masterpiece was created in just under four years to fit the means of impressing visitors and expressing triumphant. The architectural craftsmanship, fabrics and stones were imported and created by artisans throughout Europe to give it a true essence of exuberance and grandeur of the Baroque time period; all of this artistry produces drama, warmth and elegant sophistication. 13; 13; The entry immediately transports visitors to costal 16th Century Europe. The spectacular master features a spa that opens on to a spacious veranda with surrounding views of the beautiful landscape with a backdrop of the Pacific Ocean. Modern amenities with meticulous European artfully designed mosaics, stone work, hand blown glass windows and trompe i oeil style paintings are found throughout the home and continue into the gourmet designed kitchen, plush theater, wine cellar and subterranean five-plus car garage. 13; 13; The sounds of waves crashing on the accessible beach nearby and the views of the 12th hole at the prestigious world renowned Pelican Hill Golf Course make this one of a kind estate exudes coastal luxury. 13; 13; Interiors and Furnishings by Michael Amini. Sold separately...
22 Beverly Park Terrace Beverly Hills, CA 90210
$24,000,000
5
Beds
6.5
Baths
--
SqFt
Status
Active
MLS #
16145864
Property Type
Single Family Residence
Amazing development opportunity in Beverly Park. Private and gated Mediterranean with over two acres of sprawling lawn and view corridor. This is the perfect opportunity to customize home within one of Beverly Hill's most exclusive neighborhoods.
4105 Woodside Road Woodside, CA 94062
$13,900,000
4
Beds
3.5
Baths
4,580
SqFt
Status
Active
MLS #
ML81613024
Property Type
Single Family Residence
This classic Woodside property is an equestrian lover's dream. Over 12 acres with absolute privacy from the street and just across from miles of trails at Wunderlich Park. 17-stall barn, regulation dressage arena, plus an indoor exercise arena. Colorful rose gardens, redwood groves and heritage trees amid the equestrian facilities and open pastures. Traditional 4-bedroom Monterey Colonial home with timeless appeal. Truly a marvelous escape from the fast pace of the Peninsula. Excellent Portola Valley schools, less than 4 miles to Sand Hill Road venture capital centers, and just a short commute to Stanford University and all of Silicon Valley.
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
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
20303 Fairmont Boulevard Yorba Linda, CA 92886
$6,488,000
5
Beds
8
Baths
9,637
SqFt
Status
Active
MLS #
OC17039706
Property Type
Single Family Residence
One in a lifetime opportunity to purchase an original style Tuscan Estate in Orange County. Extremely rare parcel sits atop a sprawling 5 acres with breathtaking 360 degree views of gorgeous city lights, The Catalina Islands, as well as Disneyland 8217;s majestic fireworks display. Lush grounds feature towering palm trees and exotic greenery planted in strategic locations. Custom iron gates opens up to private driveway. Interior displays opulent one-of-kind design including custom floors, wrought iron railings, and made-to-order mill-work thru-out. Grand Chef 8217;s full granite kitchen with altitudinous 30 8217; barrel ceilings, exquisite custom built cabinetry, complete with top of the line appliances. Executive office/library suite with fireplace and partitioned additional office. Main floor master suite features a private deck, personal gym and retreat. Master bath boasts dual wet and dry sauna and automatic fireplace. Other amenities include state-of-the-art 10 seat home theater, billiard and poker parlor enters onto private deck with views. Luxury salt water pool includes swim-up bar and Baja Shelf low end. Outdoor covered kitchen and living areas near pool equipped with built in BBQ, refrigerator, 1.5 bath with shower and regulation tennis court. Use of the finest materials and masterful design evident thru-out palatial home that includes liberal use of marble, granite, travertine and distressed wood.