During 2011 a total of 10 homes sold over $5,000,000 the whole year. This year sales improved with 7 sales over $5,000,000 in the 7 months between January and July this year.
Sales of Rancho Santa Fe luxury homes perked up quite a bit more when 6 sales closed escrow during the month of August, all over $5mill.
These homes also have many of the features desired by Rancho Santa Fe luxury real estate buyers, including privacy, pools, superb quality tasteful finishes and plenty of room for quests and help.
Most of these estate homes also feature indoor/outdoor rooms and spaces (see photo – right) that take advantage of the climate residents enjoy, here in “The Ranch”.
Now 10 years old, the listing comments report that this authentic Provencal home took more than 3 years to complete using the contents of 15 shipping containers of materials from France. A little over 6,000 sq ft in the heart of the Covenant on San Elijo this luxury estate closed at $5,280,000. Listing broker Prudential California Realty.
This nearly 10,000 sq ft Rancho Santa Fe home on Colina Fuerte, off El Camino Del Norte sold for $5,350,000 – described by the listing agent to have magnificent view along with a dynamic pool with rushing ponds and tennis court. Listing Broker Georgiana Strate.
Located on Avenide de Arcacias this Rancho Santa Fe luxury 5+ bedroom 8,000+ sq ft home was built around an interior courtyard, in California Spanish Estate style by custom Built Steve Sharrat. Sold at $5,700,000. Barry Estates was the listing broker.
Just under 12 usable view Covenant acres on Via De Fortuna, a sprawling one level estate with five star equestrian facilities including a barn, caretaker’s quarters, riding arena, and pastures. This Rancho Santa Fe ranch closed escrow at $7,000,000. Listing broker Barry estates
Just completed by Rancho Santa Fe premiere builder, Richard Doan a Covenant equestrian property on Lago Lindo. Gated 5.5 acre compound with riding ring, five-stall barn, garage parking for eight cars. The single-level, 5-bedroom house is around 8,500 sq ft. Sold for $7,350,000. Listing Broker was Prudential California Realty
South of the village center on El Apajo is this European VILLAGE with 4 separate Buildings! Almost 5 all usable acres, walled and double gated, built by Sylvester Construction. $8,100,000 bought this Rancho Santa Fe luxury estate. Listing Brokers Barry Estates
Will the sales trend continue in The Ranch?
We will be watching activity and closed sales in this price range closely, to see if the trend continues.
In the meantime is worth noting that a couple of these recent sales were spec-built by local builders, they are probably breathing a sigh of relief right now ….
If you are interested in something similar I suggest you might consider this Rancho Santa Fe Covenant home on Avenida Alondra.
Built in 2009 this is a custom Provence-inspired estate on 3.8 acres with the finest imported materials and finishes.
Let me know if you would like to take a look.
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