San Diego Luxury Home Sales to Benefit from Bonuses?

Share

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?

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.

Portola Valley CA 94028

$22,000,000
6 Beds
11 Baths
14,500 SqFt
Status Active
MLS # ML81803721
Property Type Single Family Residence
Price Type --
Completed in 2006, this magnificent vineyard estate is the perfect place to escape from the fast daily pace of Silicon Valley. The approximately 41 acres are as peaceful as they are beautiful, with spectacular top-of-the-world San Francisco Bay views. Arriving on the front terrace is as if stepping into the Italian countryside. The scale of the home is destined for grand entertaining spilling out to exceptional front and rear terraces. The kitchen is a culinary retreat with commercial-quality appliances, and the wine cellar awaits a sizable collection. Multiple rooms for everyday living, a theatre, plus a well-being center with spa, steam, and sauna add luxurious touches. Both 5660 Alpine Road and APN 080-040-120 are being offered for sale together. See disclosure pkg link for in-person visit rules.

1426 Summitridge Drive Beverly Hills, CA 90210

$46,500,000
6 Beds
9 Baths
-- SqFt
Status Pending
MLS # 20633514
Property Type Single Family Residence
Price Type --
The Summitridge Estate, an iconic brand new Contemporary estate designed by international designer Troy Adams, which took over 7 years to complete, situated on a one acre hilltop peninsula with jetliner views from downtown to the ocean. Featuring spectacular indoor and outdoor living spaces and rooftop terraces. 5 star resort-like living throughout including a two-story living room, dining room, professional Dolby digital theater, cigar lounge, wine cellar, glass elevator, full guest house, car museum/gallery, gym, sculpture garden, zero edge infinity pool, and state-of-the-art systems throughout including motorized lift doors, Smart house technology with Crestron system, detailed security system, 9 ft video wall and custom lighting throughout. Completely private motorcourt. An incredible one of a kind oasis comprised of every conceivable amenity, built with the highest level of quality, detail, and craftsmanship. Truly special, there is nothing that compares.

330 N Sarina Road Crescent City, CA 95567

$12,950,000
5 Beds
6 Baths
1,200 SqFt
Status Pending
MLS # SN20223547
Property Type Single Family Residence
Price Type --
The Reservation Ranch is on the market for the first time in over 150 years. This 1,668-acre working dairy ranch provides a multitude of opportunities the ranch can go in. The new owners can continue to run it as a dairy ranch, run as a cattle ranch, grow pasture, plant and grow Easter Lilies, create an organic producing ranch, or even a hunting and/or fishing club, all providing excellent income opportunities. The historical ranch features three miles of river frontage of the incredible Smith River, which is known as ''California's last wild river'' with trophy salmon and steelhead weighing over 20 lbs. Not only do you enjoy California's best salmon and steelhead fishing, but the exquisite surrounding scenery of giant redwoods and diverse wildlife.

7355 Happy Canyon Road Santa Ynez, CA 93460

$26,950,000
30 Beds
36 Baths
-- SqFt
Status Active
MLS # 20654524
Property Type Single Family Residence
Price Type --
The Circle K Ranch is a palate of stunningly beautiful pastures, valleys, hills and vistas, perfect as a family compound, company retreat, or working ranch. Comprised of six parcels totaling appx. 554 acres, and multiple residences, barns, gathering spaces, and recreational opportunities. Former owners include Ray & Joan Kroc's Double Arch Ranch aka Rambling Oaks Ranch from 1966 to 1990. After Mr Kroc's death in 1984 the ranch was purchased by Gerald Kessler of Nature's Plus Vitamins in 1990 and renamed the Circle K Ranch. The rich and storied ownership dates back to the granting of Rancho Canada De Los Pinos in 1861. Developments on the ranch designed by Glenn Marchbanks Jr are nearly intact from the Double Arch Ranch days with a 17,000 square foot lodge with 16-bedroom suites.

Los Angeles CA 90069

$8,000,000
4 Beds
4 Baths
5,376 SqFt
Status Active
MLS # 21675006
Property Type Single Family Residence
Price Type --
Situated in one of Los Angeles' most desirable locations, minutes from LA's best dining, shopping, theaters & museums. Perched atop the Sunset Strip and nestled on a quiet cul-de-sac. Completely, custom built of concrete, steel & glass. Three levels with 14' walls of glass & terraces boasting, absolutely unrivaled, explosive, unobstructed, staggering, truly panoramic views, stretching across the entirety of Los Angeles, encompassing the Griffith Park Observatory, Downtown LA, Catalina, LAX, Century City, Westwood, all the way to the Getty Center. Exquisite European materials, hardware & craftsmanship, throughout. Light & bright, huge, flexible, open flowing space make up the living room w/fireplace, dining, office, built-in book cases & step down family room with built-in media center and entertainers serving bar, all boasting City to Ocean views. Beautiful, custom, gourmet chef's kitchen with breakfast nook featuring a built-in table and banquette seating. Double, stainless Wolf ranges, with extra large griddle, double stainless Sub-Zero fridges, 148 bottle wine fridge, BBQ-charbroiler, & large, gorgeous, illuminated granite center island complete with bar seating and prep station including: trough style sink & cutting boards. Master suite with Four Seasons style marble bath, walk-in closet & private terrace with hot tub overlooking the city. Two additional family bedrooms & bathrooms, plus an attached, yet completely separate, with its own private entrance, 1 bedroom, 1 bath guest unit, complete with living room, full bath and kitchenette. Lower level fitness center (could easily be additional bedroom, home theater, or ?, with gym-size dry sauna, and steam & water closet. Additional features include: Limestone & new blonde hardwood floors, water filtration system, audio & video wiring, Lutron lighting system, electric blinds, security system with cameras, and fabulous, 16 x 69' full size swimming pool & sundeck, overlooking the entire city. Cul-de-sac provides for plenty of safe, unrestricted street parking. Pictures simply do not do the property justice, must see in person, please call, text or email to schedule a private viewing at once! The portion of Franklin where the property is located is being turned into a private, gated street. Currently in the process of having utility lines placed under ground, repaving and finally the gate being added. Project completion expected in 2023. Upon completion, house will be re-listed at a price to reflect the rarity of living on a private, gated street in this highly sought after location. Owner may carry & welcomes creative financing offers. Property is also available for lease/lease option, please call to discuss flexible terms, availability, pricing & additional photos.

6710 El Montevideo Rancho Santa Fe, CA 92067

$19,995,000
3 Beds
2 Baths
1,460 SqFt
Status Active
MLS # NDP2100041
Property Type Single Family Residence
Price Type --
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.

6 Waves End Newport Coast, CA 92657

$28,600,000
8 Beds
11 Baths
13,787 SqFt
Status Active
MLS # OC21011334
Property Type Single Family Residence
Price Type --
Amazing custom build to suit opportunity in one of the most exclusive enclaves in Crystal Cove. Perched atop the ultra prestigious Crystal Cove Community in Newport Beach, 6 Waves End is one of the few custom home lot enclaves in Crystal Cove with a second security gate. Surrounded by the best Orange County has to offer, the community is connected by pedestrian and hiking trails directly accessing the El Morro open space trail system and a private gated pathway to Crystal Cove Beach under Pacific Coast Highway. Enjoy a morning walk down to Starbucks with direct access gated walkway to the Crystal Cove Promenade or a challenging weekend hike along hundreds of miles of hiking trails directly connected to the community in the Irvine and Newport Beach Permanent Open Space. Award winning architecture by Robert Hidey Associates is fully approved with constructing scheduled to begin October of 2019. The unique three story Italian Villa design is reminiscent of the true essence of multi tiered Italianate villas with an isolated second story bonus room above the kitchen with panoramic open space and ocean views. Complete with a movie theater, care taker suite, music room, and professionally designed landscape and hardscape, the infinity pool with endless open space and ocean views rounds out the elegant lifestyle this custom home estate will provide. Construction is expected to be complete First quarter of 2024.

18 Swimmers Point Newport Coast, CA 92657

$28,500,000
6 Beds
11 Baths
11,494 SqFt
Status Active
MLS # OC21011374
Property Type Single Family Residence
Price Type --
Perched above the highly coveted community of Crystal Cove, the exclusive custom home lots of Crystal Cove is the epitome of luxury and exclusivity. Behind a second set of gates, all custom home lots have long been sold to private buyers. This rare opportunity features one of the best lots on a single loaded street with completely unobstructed ocean and white water views of Abalone Point. At 20,438 SF, 18 Swimmers Point is one of two lots in this cul-de-sac and enjoys a direct connection trail head to the Crystal Cove, Newport Beach, Laguna, and Irvine regional trails. Designed by award winning Robert Hidey Associates and built by the highly coveted Weeks Falcone Construction, Inc., this 11,451 S.F. home is sure to meet and exceed your expectations and dreams. Design review is approved as of September 2019 and construction completion is currently scheduled for the first quarter of 2024. Make this dream home yours.

18160 Knoll Hill Granada Hills, CA 91344

$7,500,000
5 Beds
7.5 Baths
10,971 SqFt
Status Active
MLS # 21689180
Property Type Single Family Residence
Price Type --
Contemporary masterpiece in a prestigious Granada Hills private and gated community sited on over an acre of flat parcel with jaw-dropping 270 degree views. The luxurious estate was conceived by the AIA award winning architect, Robert Anderson, and CAC Development, specializing in high-end homes throughout the Greater Los Angeles area. With sleek craftsmanship, this home is being built with no expense spared and boasts modern features / finishes including a sparkling infinity edge pool, high-tech gym, sliding glass doors for a coveted indoor / outdoor flow, decadent baths, endless balconies overlooking the vistas, meticulous landscaping, double door garage and so much more. This private oasis is secluded from the city while also providing seamless access to local parks, shops, entertainment, restaurants, including the Vineyard at Porter Ranch, and the prestigious school Sierra Canyon.

10472 Villa Del Cerro North Tustin, CA 92705

$8,000,000
7 Beds
11 Baths
15,000 SqFt
Status Pending
MLS # PW21038060
Property Type Single Family Residence
Price Type --
Two structures with over 15,000 square feet of quality craftmanship. 1.6 acres of exceptional secluded living in the Cowan Heights area. The main house, purchased for $4.3 Million in 2006, has been completely remodeled and is 9,300 square feet, 5 bedrooms, 5 full baths, and 3 half baths. It includes a gourmet chef's kitchen, private theater, wine cellar dining with an 1800 bottle temperature controlled wine room, game room & gym. The master bedroom and bath are luxuriously appointed, cedar lined master closet is endless and doubles as a safe room. Expansive views of sunsets and Catalina from almost every room in the home. Entertain effortlessly with formal and informal living areas opening to sprawling verandas with views of the resort like manicured landscaping. Invite your guests and extended family to enjoy the peaceful & serene surroundings. Lounge in the poolside cabana or host events in the terraced amphitheater next to sculpted water features. Cook up a storm in the outside kitchen with Viking appliances, one of four on the estate. Integrated home technology supplies security, lighting, and sound systems. A SECOND beautifully designed structure provides an entertainment venue for hundreds. The Carriage House is 6,778 square feet including a 1,261 SQFT top floor luxury guest house. Exquisitely appointed, it provides outside living areas with sweeping views, and a full gourmet kitchen. Built in 2006/7, the garage area can hold up to 20 cars and an RV/Boat.
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.