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The Wall Street Publication > Blog > Real Estate > Palatial California billionaire-owned property hits marketplace for whopping $108M
Real Estate

Palatial California billionaire-owned property hits marketplace for whopping $108M

Editorial Board Published October 27, 2024
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A billionaire is seeking to promote a palatial property in Southern California.

The “Sand Castle” property that brings to thoughts the French Riviera carries a $108 million asking worth, in response to its itemizing with Brett Dickinson & Ross Clark of Dickinson-Clark Crew at Compass.

The 35,750-square-foot La Jolla, California property has belonged to billionaire Affiliated Pc Providers founder Darwin Deason since 2009, The Wall Avenue Journal and Bloomberg reported. 

The estate, located in La Jolla, is priced at $108 million

A view of ‘The Sand Citadel’ close to the ocean

The “Sand Castle,” created through side-by-side oceanfront parcels, contains a principal home and visitor home, in addition to a “Boat Bar” and cabanas, all with gorgeous views of the ocean and luxurious finishes, its itemizing stated. 

RETIRED WALL STREET CEO’S HOME HITS THE MARKET FOR $29.5 MILLION IN BRITISH VIRGIN ISLANDS

“In the history of La Jolla, there has never been and never will be another property built on the waterfront like The Sand Castle due to the present oceanfront construction standards established by the State of California,” Dickinson and Clark stated, including that the property’s options “cannot be reproduced.”

Its 9,500-plus square-foot principal home was constructed with seven bedrooms and eight bogs. Customized furnishings, New Ravenna mosaics, French fireplaces and an elevator may be discovered throughout the mansion, in response to the itemizing for “The Sandle Castle.”

There’s additionally a stately eating room that includes “solid gold leaf” and a chandelier that dates again to the 1800s. 

A 19th Century chandelier hangs above the dining room table The $108 million estate has beautiful furnishings

A nineteenth Century chandelier hangs above the eating room desk

In the meantime, the visitor home, smaller at 3,416 sq. ft, was designed with “no expense spared” for guests to “The Sand Castle,” the itemizing indicated. 

The guest house is 3,416 square feet A look inside the guest house

The visitor home is 3,416 sq. ft

Its kitchen, as an illustration, comes replete with an outside pizza oven and barbeque.

Near each the principle and visitor homes, the property provides loads of alternative for having fun with the sunny Southern California climate, together with a big pool. 

The luxury estate comes with a pool

The luxurious property comes with a pool (Austin Ashline of Future Residence Images)

COLORADO HOME BUILT BY 1-800-FLOWERS FOUNDER SELLS FOR $25.2 MILLION

“The Sand Castle” touts a non-public seashore that has a commonality with the Augusta Nationwide Golf Course, that includes the identical kind of sand as that on the Georgia golf course recognized for the Masters match, the itemizing stated. There’s additionally a direct solution to the general public seashore.

The private beach is a noteworthy feature of 'The Sand Castle'

The non-public seashore is a noteworthy function of ‘The Sand Citadel’ (Austin Ashline of Future Residence Images)

Elsewhere on the property, a “romantic, European-style garden path” may be discovered, per the itemizing.

Deason instructed Bloomberg he put the property up on the market after deciding it was “just time to move on.” He additionally instructed The Journal he spends extra time at different locations he owns.

Xerox acquired Deason’s firm in a multi-billion-dollar 2010 transaction. His internet price stood at $1.3 billion as of Friday night, per Forbes.

La Jolla, residence to the $108 million property that Deason is seeking to promote, is situated simply north of San Diego.

LATE ENTREPRENEUR’S SPANISH ISLAND ESTATE HITS MARKET FOR WHOPPING $78M

Compass’s Dickinson and Clark stated the La Jolla housing market and luxurious market “are exploding” as an rising variety of homebuyers from Los Angeles, San Francisco and international nations have been drawn to the group’s “climate, business and educational opportunities, and ease of family living.”

Greater than 3.2 million folks reside throughout the broader San Diego County, in response to the U.S. Census Bureau.

TAGGED:108MbillionaireownedCaliforniaestatehitsmarketPalatialwhopping
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