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Rancho Santa Fe Estate on Market for $92 Million; Open Houses to See This Weekend

This week's local real estate news


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Take a look at what could be the most expensive home in San Diego’s history. | Image courtesy of Linda Sansone/Screenshot from Willis Allen Real Estate

Word on the Street

Gawk at Rancho Santa Fe’s $92-million home

That’s not a typo in the headline. A sprawling 210-acre estate in Rancho Santa Fe with orange groves, equestrian facilities, a lake, and a dwelling made of redwood and marble recently went on the market for this price and caught national attention. Called Del Dios Ranch, the home belonged to a local manufacturing mogul, and if it is sold for the asking price of $92 million, it will be the most expensive home sale in San Diego County’s history.

We know you’ve already seen stories about the home’s price on the news, but have you seen the heated marble floors, covered outdoor swimming pool, barn and the interior made of redwood that was milled right on the property? Check out this slideshow for more photos of the possibly-record-breaking property.

If you had the money, would you spend $92 million on this home? For an extra $8 million, you could own Michael Jackson’s Neverland Ranch north of Santa Barbara, which has been for sale for nearly a year.

 

Photo courtesy of Port of San Diego

New eatery opens at Embarcadero Park

There’s a new bayfront spot for enjoying a cold one. Burgers, Bait & Beer opened yesterday at the edge of Embarcadero Marina Park South, and serves craft beer on tap, burgers, and house-made sausages until 5 p.m., with extended hours expected in the summer.

 

House Hunting

Open houses to see this weekend

Take a break from browsing design photos on Pinterest and go peek inside people’s homes (legally!) to see what they’ve done with the interior, yard, and remodeling projects. You can also discover how much it costs to live in certain neighborhoods around the county.

 

This home in La Mesa is close to parks and Lake Murray, and costs significantly less than the county median price. | Photo by Big Block Realty/Screenshot from Redfin

The price on this three-bedroom home in La Mesa near Jackson Park was recently reduced to $439,000, which is significantly less than the county median price of $539,900. It’s open for viewing this Sunday, February 28, from 1 to 3 p.m.

 

A small 1920s Spanish home in Ocean Beach is priced at nearly $700,000. | Photo by Vertical Real Estate Services/Screenshot from Redfin

We found this home in Ocean Beach and did a double take when seeing the listing price: $699,000 for only 630 square feet. That’s less than half the size of the average home in San Diego. What could make up for the lack of closet space is that it’s four blocks away from the beach, so if being close to the surf is a priority, go see this bungalow on Sunday, February 28, from 1 to 4 p.m.

 

This home in Allied Gardens spans 9,000 square feet. | Photo by Ascent Real Estate/Screenshot from Redfin

For about $10,000 less than the Ocean Beach pad, this home in Allied Gardens spans 9,000 square feet and has a pool and hot tub. See it on Saturday, February 27, from 1 to 4 p.m., and on Sunday, February 28, from 1 to 4 p.m.

 

News Bites

  • Insufficient parking, dying trees, and buildings in desperate need of repair are part of the large infrastructure problems at Balboa Park.

  • A local company plans to start a community of 50 tiny homes in Escondido. It would be the county’s first “micro-living” neighborhood, where small houses will cost around $25,000 with just a $1,000 deposit. We discuss the tiny home trend in our March issue, featuring San Diego’s next hot neighborhoods.

  • Up in the Bay Area, the battle for access to Martins Beach continues between the public and tech mogul Vinod Khosla, co-founder of Sun Microsystems. Khosla locked the road leading to the picturesque bay after he purchased prime real estate there and insisted the land—including the beach—was private. He now says the State of California will have to pay him $30 million to restore public access to the beach.

 

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San Diego real estate news and gossip, from businesses opening and closing around town, to the neighborhoods that are buzzing with construction and which homes and buildings are being sold and where. Parklets, placemaking, lofts, design, cool workspaces, cool living spaces, big buildings, and tiny homes are things we find fascinating, especially right now in San Diego. The cranes are back in the downtown skyline, and so are many of our sources in the real estate industry, so you might see a heavy bent towards the urban neighborhoods here. But we see you up there, Torrey Pines Mesa. We know about your new companies, institutes, and hidden foodtrucks in office parks and cool cafes on the bluffs. And Del Mar and Carlsbad and everywhere in between. If you see a “For Sale” sign or a “coming soon” sign that we should know about, or just have a question about a building or a place, send an email our way.

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