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?
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.
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.. Neighborhoods: Rancho Santa Fe Other Fees: 0 Sewer: Sewer Connected Topography: LL,RSLP
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
Located on sandy Malibu Colony beach, this stunning architectural four bedroom residence plus guest studio evokes the essence of Malibu sophistication on the beach. Gated for privacy, one enters into a large fully landscaped courtyard complete with a modern stone water feature leading to a large glass enclosed sky-lighted entry. The beautifully furnished dining and living area featuring retractable buffets, soaring ceilings, art walls, and ocean side wall of glass boast impressive ocean views. A private stairway takes you to the ocean view master bedroom and bath equipped with a glass privacy partition, skylights that allow you to look at the stars in bed as well as a sitting area and oceanfront patio. The spacious beachfront patio with pool, spa and umbrella topped tables is the ideal location for entertaining friends or a peaceful retreat for relaxing. The detached studio is complete for live in staff or visiting friends. Experience the perfect combination of luxury and location.
One of a kind this unique Balinese inspired Peninsula Point bayfront home offers the very rare opportunity to have a separate guest house on a neighboring parcel. Custom built in 2010 seaside elegance adorns all three levels; offering quality craftsmanship, inviting sunlit rooms, clad in tasteful finishes - no detail has been overlooked. Spanning over 4,200 sq. ft. this 5 bedroom 7 bathroom residence is truly one of a kind and cannot be duplicated. The master retreat offers a large-scale private suite that’s spans the width of the third floor and includes a fireplace, a large covered deck with an outdoor soaking tub to enjoy the Harbor, city light and bayfront views. Revel in year-round indoor and outdoor living in the large sun-filled entry atrium courtyard and on the expansive Bayfront terrace, which includes covered and open areas on all three levels. Four generously sized guest suites with beautifully appointed bathrooms makes this the perfect home for entertaining or full time living on the bay. A detached guest house on the neighboring parcel completed this historic offering in a landmark location.
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!
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.
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
One of a kind property on the Northern California Coast. On nearly 50 acres this is a compound like no other. With approximately 17,000 sq ft of living space this is one of the largest homes on the coast.Ocean views, luxury, privacy. Must see to appreciate the workmanship of this unique, custom property.
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.
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.