The seaside mansion known as the “sandcastle” estate hit the market Tuesday for a whopping $108 million. The architectural wonder was designed to resemble the Chateau de Versailles. This is two doors down from the Marine Room so you know the types of waves that can pummel this area:
The seller paid $26,150,000 for the two properties, and purchased both at the bottom in 2009:
https://www.compass.com/app/listing/1900-spindrift-drive-la-jolla-ca-92037/1692985892395125321
Having a 2.65-acre lot in the middle of La Jolla is rare!
Here are 26 reasons why you absolutely must see this amazing estate considered “The Crown Jewel of La Jolla.”
1) This authentic Santa Barbara estate was masterfully designed by renowned architect Edgar Ullich (Mills Act Designation)
2) Updated, expanded, and modernized by the current owner and Island Architects
3) 2.65 acres of enchanted gardens inspired by Balboa Park (Kate Sessions)
4) Panoramic views of the ocean and coast 5) Resort-inspired private saltwater pool, koi pond, spa, and cabana with full kitchen and bathroom
6) Regulation tennis court
7) Chef’s kitchen with all the modern amenities
8) Formal sitting room
9) Music room and study
10) Billard and bar lounge
11) Hollywood-style theater
12) Game room and golf simulator
13) Grand formal dining room
14) Spacious owner’s suite with two spa-like bathrooms and large walk-in closets
15) Gym with redwood sauna
16) Large bedrooms all ensuite
17) Charming bunk room for kid sleepovers
18) Large family room
19) Multiple verandas with ocean views and vistas to your own “Park”
20) Two separate and spacious guest suites (2br/1 Ba) (1br/1Ba)
21) Amazing mature vegetation that millions of dollars could not replicate
22) 6-car garage
23) Gated compound
24) Home automation for lighting and audio
25) Ten romantic fireplaces
26) Two laundry rooms
https://www.compass.com/listing/1205-muirlands-drive-la-jolla-ca-92037/1580780512648973241/
This was filmed from Coast Blvd. near the La Jolla Tide Pools:
And this one from further up the coast:
This may be the only time we ever tour a house at this price point!
The highest-priced La Jolla residential sale ever was $24,700,000 (8466 El Paseo Grande) in 2020.
Now there are three for sale in the $30,000,000s!
I’m pretty sure this is the house that had the monster crane hanging over it for a couple of years.
This guy is a former Compass agent who now makes a living from doing video tours of homes for sale. It kind of sounds like what I do, but he has 3.5 million subscribers and this video has over 4.6 million views!
The sale did close for $22,500,000 in April, and the buyer was the owner of the Super Star Car Washes which you see all around town:
Wondering how the local market can survive higher mortgage rates? It starts with the cash buyers laying the foundation of comparable sales, and financed buyers deciding if they can keep up.
Thanks to Julie Chang for posting this data – her thread of comments here:
Here’s the 7,509sf home on La Jolla Farms that just sold for $18,450,000 cash, which was a whopping 6% below the list price. The market time was 12 days.
You can tell in this photo that the backyard was tired, but the rest of the one-story house looked fine. Even though there had not been any similar sales on this street since Alicia Keys paid $20,800,000 for an architectural gem back in 2019, it shows that when the affluent sees a house they like, they pay the man:
https://www.compass.com/app/listing/9438-la-jolla-farms-road-la-jolla-ca-92037/1126953178641491121
Here’s the all-time history above $15,000,000 on the street:
I’m not an expert but today’s surf was for the record books!
Michele the Surfing Realtor!
Joe’s two photos at Big Rock in La Jolla (near Windansea)
We are wrapping up in La Jolla this week!
The Beach-Barber Tract is probably my favorite neighborhood in La Jolla, and is an eclectic mix of new and old that are close to both the beach AND village. A block down from our sale is this teardown that just sold for $6,000,000. The seller also owned the house next door to it, and he was the one who bought Mitt’s home – and just moved across the street!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
