I have been in the business of selling real estate for over 20 years and before that I was an escrow officer and wrote up the contracts that real estate agents dropped on my desk. I believe that gives me the experience to say that I have weathered many real estate markets. Today's market feels almost like a roller coaster; and yet I call it the decade theory. Every 10 years, or so, there is an adjustment in the market. I am not saying that this is a minor one we have been going through, but this too shall pass. What is interesting to me, as someone who has sold high end properties for years, is that the people with money are affected also, but not like the people who live from pay check to pay check. To give you an idea of what I am talking about... here are the latest statistics for available properties in Rancho Santa Fe. They will sell... some for cash.. and others even more expensive will take their places.
The most expensive property in the Ranch currently is a property on Puerta del Sol for $29,900,000. This estate home is situated on 8 acres - land is more expensive in Rancho Santa Fe than the homes that are built on them - and features 6 bedrooms + 5 others and 6 baths. The 5 other bedrooms are probably the ones included in the three guest houses, for a few stay-over friends and family members. The listing agent, one of my fellow agents, states "this lush tropical paradise where fountains and waterfalls soothe the soul and boost the spirit". These are homes not for those worried about interest rates, bank loans, subprime mess etc... these homes are for those who are above the fray and can be worry-free in such an environment. A smile crosses my face as I read the owner's name... Mr. Ewing, Dallas, Texas. Remember those days of big money and shoulder pads?
All kidding aside, this is a spectacular estate and given the price of land, this property features two legal parcels. If you are interested in this property or any other Rancho Santa Fe home, ranch, horse property, condo, or vacant lot/land, please give me a call. Susan Laxson (858) 775-3329. My clients have valued my knowledge, expertise and successful negotiations on their behalf with high end properties. You can also visit my website at www.RSFHome.com to learn more about Rancho Santa Fe, the covenant, Rancho Santa Fe schools, cost of homes, neighborhoods and developments.
Today there are 207 detached homes on the market in Rancho Santa Fe. All are over $1M and there are 182 properties over $2 Million dollars. The least expensive home on the market is on Caminito Providencia (outside the covenant and near Fairbanks Ranch in Montecito) and is a 3 bedroom, 3 bath home listed for $1,150,000.
There are 7 condominiums in Rancho Santa Fe (not including at Morgan's Run) for sale. The least expensive is on La Flecha and is listed for $895,000 and the most expensive is in the Las Casitas development and is listed for $1,995,000 - 2 bedroom +, 2 1/2 baths with approximately 2,445 square feet.
There are 29 lots for sale in the covenant of Rancho Santa Fe and the least expensive is on La Palma (2.93 acres) and is listed for $1,150,000 and the most expensive is on El Montevideo (5.37 acres) and is listed for $5,600,000.
For more information or a more detailed search for your Rancho Santa Fe home, visit our website at www.RSFHome.com
A RANCHO SANTA FE ESTATE...
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An exclusive enclave, THE BRIDGES was designed and constructed to preserve the natural beauty of its 540 acres. The heart and soul of this residential community is centered around a championship golf course. The Bridges Course is among the most recent triumphs of the renowned Robert Trent Jones II Group. The Bridges' par 71 course boasts five sets of tees, playing almost 7,000 yards from the tips. At the center of the community, reminiscent of a centuries old Tuscan Village, the 35,000 square foot Bridges Clubhouse is a recent winner of the prestigious Gold Nugget Award for Best Design. A state-of-the-art swim and fitness center offers club members the finest in health and recreation facilities.
CIELO is a 1,740 acre residential land preserve in Rancho Santa Fe envisioned as a collection of enclaves offering 528 luxury residences and estate sites. Atop the highest coastal peaks in all of North San Diego County, these properties reach elevations of over 1400 feet with expansive views to the Pacific Ocean including the Coronado Islands, San Clemente Island, Lake Hodges, and Palomar Mountain. The community plan includes a private clubhouse with a fitness/tennis facility, community park and a variety of private recreational areas and formal gardens; natural pathways linked to regional hiking and biking trails; a commercial village center and fire station. Some of the sites are within the RSF School District and the San Dieguito Union High School District.