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?

929 Border Avenue Del Mar, CA 92014

$89,000,000
-- Bed
-- Bath
-- SqFt
Status Active
MLS # 71064797
Property Type Single Family Residence
Price Type --
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 --
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.

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
Price Type --
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

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

23754 Malibu Road Malibu, CA 90265

$28,000,000
5 Beds
5.5 Baths
3,857 SqFt
Status Active
MLS # 17295082
Property Type Single Family Residence
Price Type --
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.

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
MLS # 218002386
Property Type Single Family Residence
Price Type --
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 --
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

2088 Green Oaks Way Outside Area (inside Ca), CA 94060

$17,500,000
7 Beds
10 Baths
17,000 SqFt
Status Active
MLS # ML81698243
Property Type Single Family Residence
Price Type --
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.

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 --
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.
Below are the freshest listings for homes priced $6 million and up:

 

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.