San Diego luxury homes have the benefit of a world class climate and spectacular beaches–and being only a couple of hours to Palm Springs or local mountains for winter skiing.
by Roberta Murphy First Republic Bank has created the first statistical model The Prestige Home Index that measures changes in home values in excess of $1 million in key California markets. What are some of the common features of these indexed homes? They have at least 3000 to 6000 feet, three to six bedrooms and three to six bathrooms, according to the study. Many are substantially larger. Digested reporting of…
by Roberta Murphy Speaking of gossip. Legendary Kirk Kerkorian has just cut the $25 million asking price of his 30 acre Beverly Hills mansion to a reasonable $18 million, after it has languished on the market for nearly a year. His lovely gated estate boasts a Mediterranean-styled main home, two guest cottages, two pools, two tennis courts, a putting green and lots of room for expansion. The Wall Street Journal…
by Roberta Murphy Gossip: It is a loaded word that alternately intrigues and informs, delights and dismays. Last weeks blog on real estate gossip, for example, raised the hackles of a few agents and the interest (and some concurrence) of others. As for me, Ive enjoyed the diversion and have paid much closer attention to the frequency with which it occurs in my own professional life as a San Diego…
by Roberta Murphy Last summer we sold a lovely $1.8 million Carlsbad, CA home to an out of area partnership. One partner lived in Los Angeles, and the other in New York. It was to be their La Costa retreat in paradise, and a place to meet potential clients. In two short months, this paradise has turned into a real estate nightmare that could rival that 1990 Melanie Griffiths film, Pacific…
by Roberta Murphy Realtors and public alike are fascinated by record-setting news, and most of us are curious to know about the most expensive home sold in the last year. In San Diego County, the winner of record would be a stunning 3 bedroom, 3.5 bath Del Mar oceanfront beauty sold by Jennifer Moores to Marsha Naify for $18 million. The ultra-luxury real estate market in San Diego is a…
by Roberta Murphy I recall a blustery night in the mountains at Big Bear Lake, when we spent a long evening in our kindly neighbors wine cellar. Rare for Southern California, it was located underground. The comfortable cellar had gorgeous stone walls, comfortable seating and a magnificent mahogany bar. Stacked and buried within this deep paradise were thousands of bottled wines. A few bottles were ordinary, many were extraordinary and…
In December, there was lots of buzz about hefty year-end bonuses being paid to Wall Street performers. Many were wondering how these flush folk would spend the largesse. Would it go for bonds, or bling or luxury real estate? The latter would seem a likely and comfy target. Even though home sales slowed down overall during 2006, the ultra-luxe end of the market has flourished. Luxury home sales at $5…
Thinking of buying a well-located $1 million luxury flat in London, Paris or Tokyo? Think you’ll get a bargain?Think again: 1. In London, you’ll get 328 square feet. 2. In Paris, you’ll do better with 522 square feet. 3. In Tokyo, you can really spread out with 594 square feet. These are averages reported by the most recent issue of Forbes magazine. The weakened dollar against the Sterling, Euro and…
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…
by Roberta Murphy When I first entered this newer San Diego luxury home, I was amazed by its wall and ceiling finishes. Walking slowly from room to room, I ran my fingers over the cool burnished walls and the gray stone door arches. Even the ceilings and dome gave the impression that we had indeed been transported to a Venetian villa. Had I not known the responsible artisan for this…
