As of this writing, San Diego County has 32 luxury homes priced above $10,000,000, with the most expensive perched at $50 million.
The loaded question: Are these San Diego properties moving? Well, three are in escrow and 13 have sold within the last twelve months. It isnt exactly a booming market, but it certainly isnt dying on the vine either. In any market, these properties will appeal to many, but will be acquired by only a privileged few. It is simply a matter of fitting the home to the collector and the desired lifestyle.
The most expensive home in San Diego is a $50 million oceanfront Del Mar residence with 120 feet of sandy beach frontage and a compound that includes a large family residence, a health spa, theater, pool, tennis court, greenhouse and two guest cottages. Completed in 1997, this Ronchetti-designed estate features the finest appointments and amenities. Listed by Prudential Properties, it is a true crown jewel for the luxury real estate collector.
San Diego has yet to breach the nine-figure mark, as was discussed in an earlier blog. The three estates in this heavenly niche include:
1) Donald Trumps lavish 7 acre and 54,000 square foot Palm Beach estate priced at $125 million and offering 475 feet of prime beach frontage.
2) Saudi Prince Bandar bin Sultans Hala Ranch outside Aspen, Colorado. The magnificent Hala Ranch package includes a 56,000 square foot residence on 95 acres with its own car wash, gas pumps, stables, tennis courts, snowmelt driveways and indoor pool.
3) Finally, there is the whispered offering of the late Aaron Spelling Holmby Hills 123 room estate in Los Angeles.The price tag is also whispered to be $150 million.
It appears the luxury market it not only alive and well, but is poised to break all records.
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