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?
245+ acres of your own private, sunny valley just 30 minutes to San Francisco or 45 minutes to Silicon Valley. Located in the coastal community of Montara, known for spacious, beautiful and uncrowded sandy beaches, this property has everything you need. Made up of twelve (12) individual parcels, this is one of the last privately-owned estate land parcels of this size in San Mateo County and certainly the largest so close to San Francisco International Airport. This property provides easy access to the more urban activities the SF Bay Area has to offer, while maintaining a wonderfully rural feel. The valley is surrounded on two sides by protected GGNRA lands. The forested hills surrounding the valley provide virtual complete privacy with only a few residential roof tops visible at the western edge of the entire estate. Development currently consists 0f 2 residences, apartment, 5 worker housing units, warehouses, offices, shops. Shown by appointment only - no drive-bys & no crashers
Exquisite ocean view estate situated on large corner lot walking distance to Del Mar's best beaches, shops & eateries. This fully gated compound features 5 bedrooms, an ocean facing office, a spacious movie theater & plenty of outdoor space allowing for the best of indoor/outdoor living. Entertain & dine al-fresco in one of the many patios while you watch the sunset. Complete w/ a grassy lawn & mature foliage, this is a true Coastal California masterpiece! Neighborhoods: Beach Equipment: Dryer,Garage Door Opener, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
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.
Located in The Country, the property sits on a beautiful 1.54 acres overlooking the mountain view. The first floor features a formal living and dining room, in-home theater, and a full laundry. Dual kitchens, including a private spice kitchen, is adjacent to the dining area. This home features 6 bedrooms, with full bathrooms and closets. The master bedroom includes a large walk-in, his-and-hers closets, a dry sauna, and dual shower heads and sinks. An in-ground massaging bathtub and bidet completes the bathroom. This home features a spacious backyard with a pool and heated jacuzzi, outdoor dining area, and a gazebo overlooking the mountain. Behind the fence, you will find a large fruit garden with pebbled walkways and a rustic staircase leading down the slope. A bluetooth-operated surround sound system provides music to the entire home at your fingertips. Amenities include solar panels, central air and heating, and a 4-car garage.
Truly an outstanding custom residence located in the 24-hour guard gated community of Ritz Cove! 5 bedrooms, main floor office, 7 bathrooms, and some of the most dramatic coastline views displaying the most incredible sunsets and full on view of Catalina Island! The custom renovation of this residence includes a complete gourmet kitchen with a 6-burner Wolf range, microwave, 2 dishwashers, multiple sinks, warming drawer, wine cooler, triple reverse osmosis water in kitchen, pantry area, and varying counter tops of travertine, marble and granite! Two of the 5 fireplaces were custom made on site, new travertine flooring throughout main level, concertina doors along west side of home, fully paneled library with fireplace, outdoor water feature, and full bath. Venetian plaster, newer stair treads, fixers and wainscoting. Master suite has marble flooring, Jacuzzi type tub, fireplace, 2 vanities and 2 toilets, and a most generous walk in closet. Lower level consists of theater room with surround sound, exercise room, and a guest suite with bath and steam shower. Walk out to lower level to a pebble tech pool & spa (WIFI controlled), outdoor BBQ, & incredible ocean view patios! 3-car garage contains tile flooring and extra storage. Add'l features include all upstairs bedrooms are en-suite, whole house water filtration system & speaker system, alarm system, a wine room w/storage, and much more! Tremendous ocean & coastal views, walk to Salt Creek Beach and the Ritz Carlton!
Occupying one of the best locations on the Newport Harbor with ocean, channel, and sunset views, this highly-anticipated Brandon Architects estate is an achievement of style and comprehensive design with 4 meticulously-calculated levels. A private beach, lap pool built into the structure, and shared ownership of one of the Western Seaboard’s longest private piers (accommodating an appx. 100-ft and 75-ft yacht) are among the home’s notable features. A refined product of the highest-quality construction is ensured as Patterson Custom Homes and Brooke Wagner Design collaborate to bring the masterpiece to life (completion slated for Spring 2021). Once complete, the residence will deliver a 2,900+ SF 5-car garage, indoor-outdoor main level with guest suite and office, 2 master suites and 2 secondary bedrooms on the 2nd level, and rooftop cabana with media room, spa, BBQ, fire pit, and views over the Peninsula to the ocean. More than 2,700 sq. ft. of outdoor space blends seamlessly with the home to optimize ease of entertaining, sunlight, and dramatic water views. Additional highlights to include a 4-stop elevator, subterranean bar, wine room, bathroom, and beach storage, as well as a 1,900+ sq. ft. master wing with sitting room, dual walk-in closets, private-wrap around balcony, and dual bathrooms (one with slide-away walls to allow breathtaking views from soaking tub). With no detail overlooked, this impeccable estate-in-the-making is sure to impress the most discerning buyer.
See Virtual Tour Link. First time offered for sale in one of the most desirable Covenant locations, offering stunning panoramic views of the mountains, country side and beyond. Tucked behind a long, gated and stately driveway, this secluded estate rests beautifully on the top of 14.48 acres of breathtaking park-like grounds and outstanding views. This 7,776-square-foot Early California Hacienda features a private entry courtyard with fireplace, seating, bubbling fountain and warm and colorful plantings. Inside the residence you are captured by the warmth and feel of the intricately carved doors from a Church in Mexico, and the abundance of reclaimed wood strategically incorporated throughout, from de-commissioned water towers in San Diego. Walls of windows and doors are found in all public rooms as well as the master bedroom providing an abundance of natural light with doors that open to private patios, serene rolling lawns, mature landscape, the private pool with spa and pool bath, and to the regulation-sized tennis court and pavilion with kitchen facilities. The formal dining room is spacious and overlooks the entry courtyard with the living and family rooms enjoying the forever views. The kitchen is oversized and perfect for everyday dining or to accommodate large gatherings. Adjacent to the kitchen is an outdoor living/dining room with summer kitchen, fireplace and pizza oven. The upstairs master suite is very private, being the only room on the second level. It is over sized with a fireplace, walk in closets, and a large bathroom. Two walls are flanked with windows and doors allowing an abundance of sun light as well as accommodating two spacious verandas…a perfect place for morning coffee, afternoon tea, or a night cap while enjoying peace, serenity and the ever-changing views. The guest/children’s wing encompasses a separate suite of 4 bedrooms, a common study or relaxation room and an extra-large bonus/game/media center/gym that opens to a private pa...
Villa della Costa overlooks Santa Barbara's Gaviota Coast and its vast panorama of spectacular untouched seaside landscape with breathtaking 360 degree views of the mountains, pastoral countryside, Pacific Ocean and Channel Islands. The estate was conceived to reflect a passion for privacy, quality and the ever-inspiring drama of this remarkable setting. Newly built and completed in 2014, by architect J.M. Sewall & Associates with interior finishes designed by Mark Weaver & Associates, the result is a perfect fusion of early California style with today's demand for modern technology, convenience and comfort. Surrounded by large coastal ranch properties, all 106 acres were hand-picked for optimum privacy and views, an ultimate hideaway.
Pristine ocean views, shingle-style Hamptons architecture, and a bold touch of contemporary Southern California flair blend together to create one of the most desirable new estates at Dana Point’s community of The Strand at Headlands. With an expected completion date set for November 2020, the home guarantees cutting-edge construction and amenities, creating a 21st Century living experience with the grace of timeless style. Brandon Architects has designed a genuinely unique environment that is equally ideal for day-to-day living and unforgettable entertaining in a three-level floorplan extending approx. 7,843 s.f. Discover 5 bedrooms, 6 full and 2 half baths, and a spectacular great room and lounge with disappearing pocket doors leading to the backyard’s sun decks, fireplace-warmed patio, and infinity pool with spa. Open to the great room, an Architectural Digest-caliber kitchen opens to the patio through French doors off the nook and includes a walk-in pantry, butler’s kitchen, premium appliances, and an island with seating for six. Direct access to the patio is also enjoyed in the main-level master suite, where no luxury is left untended, including a fireplace, built-ins, beverage cooler, a massive walk-in closet, and a walk-in shower and stand-alone tub. The top floor is home to 2 separate bedroom suites, and the subterranean floor is complemented by a lounge and game room with bar and wine storage; a bedroom; and a gym or theater area with glass wall to the staircase.
From its awesome second-row perch above the mercurial Pacific Ocean, this unparalleled custom estate in Dana Point’s The Strand at Headlands redefines luxurious seaside living. Ocean, whitewater, shoreline and evening-light views will be enjoyed from nearly every indoor and outdoor vantage point of the residence, which is designed by award-winning Brandon Architects and scheduled for completion in November 2020. Floor-to-ceiling windows, slide-away glass doors, skylights, towering ceilings and generously sized living spaces combine to create a breezy, sophisticated vibe in the home. Discover 5 ensuite bedrooms, 7 full and 2 half baths, a media room, wine cellar, bar, theater, game room, gym and office in approximately 8,219 square feet. Served by an elevator, the 3-story floorplan welcomes guests on its main/2nd floor with an atrium-style foyer leading the way to a formal dining room with sliding doors for privacy, a great room, breathtaking island kitchen with secondary butler’s kitchen, and access to a the ocean-view cabana, pool and spa. The infinity pool and spa create a cascading waterfall that adds tranquility to a lower sun deck. Ocean views are also enjoyed from a balcony off the master suite, which exhibits a sitting room with fireplace, and a stunning bath with dual-walk-in closets and a massive glass-enclosed shower and tub space. Folding doors open the office to a front patio, and a 3-car garage includes a lift.
The What, the third residence at The Who, a gated enclave of four extraordinary homes in the Malibu Series by Scott Gillen/Unvarnished. The What showcases magnificently crafted interiors and a panoramic ocean views, wood-beamed ceilings, and receding glass walls. The great room flows effortlessly to the outdoor entertaining area with an exceptional infinity edged pool and spa. Masterfully curated details include white oak floors and a Bulthaup chefs kitchen. Four bedroom suites which include an ocean-view master opening onto the pool terrace, generous walk-in closet and luxurious bath. The lower level features a media room, fitness studio, wine cellar and garage. Blending innovative vision and thoughtful design, The What is an exceptional coastal retreat in a coveted Malibu location, moments from Cross Creek, Nobu and Soho House.
This sublime estate beyond the guarded gates of Newport Beach’s Big Canyon enclave is without compare. Overlooking the entire 3rd hole of the Big Canyon Country Club, the residence encompasses approx. 10,270 s.f. A circular 30' foyer reveals stained- and leaded-glass clerestory windows, a 3-thick mahogany entry door and a large chandelier. Spanish limestone and walnut flooring enriches the home, which is detailed with 9 unique fireplaces, crown molding, leaded-glass windows throughout, an elevator, 2 dramatic staircases, 5 ensuite bedrooms and 2 2-car garages. A chef’s kitchen hosts a dumb waiter, island, butler’s pantry, sit-down bar, walk-in pantry, high-end appliances and a nook with curved floor-to-ceiling windows overlooking the fairway. Enjoy a dining room with wrought-iron and glass skylight ceiling, office with built-ins, art room, great room with limestone hearth and electronic shades, sunken wet bar, media room, guest/maid suite, and 2 laundry rooms. Upstairs, a bonus room is accompanied by a resort-caliber master suite with view deck, 2 walk-in closets, retractable projection screen, 2 fireplaces, a sitting room and five-star bath. The subterranean level showcases a game room, pub-style bar, sauna, gym, wine-tasting room and theater. Sumptuous grounds display an entry courtyard with ornate wrought-iron and wood gate, 7 water features, limestone decking, exterior shower, and a kitchen with built-in Viking grill, refrigerator and sink.