The “Balboa Lot” in Del Mar was purchased by Cinninati Bengal quarterback Carson Palmer, according to this article in the U-T.
The sales price was $4,400,000 ($4 million + the 10% vig), and it closed on November 4th.
The auctioneer was masterful in how he took the bid from $3,000,000 (which would have been a no sale, because the city needed $3.25 to retire a debt), to $4,000,000 in a heartbeat when there were no other bidders. Here’s another look – the auction starts at the 3:00-mark:
He is from Southern California. He played high school football in Orange County.
Looks like Carson’s current home is for sale:
What a view! Wow. I love that canyon setting and the view is jaw-dropping. Speaking of “dropping” is that rear slope which is somewhat concerning. It reminds me of the “Flying V” house JTR toured in La Jolla.
Great view….but at what cost?
Any ideas from the people here on the slope of Carson’s current home? Safe or not?
I heard Palmer lives in the Crosby. Any truth to that?
Doesnt look that exciting to me for 4 million.
Perhaps his people quietly told the auctioneer that they would pay $4M prior to the bidding starting. Any other bidders seeing it jump from $3M to $4M that quickly would likely be shocked and afraid of a deep pocket buyer willing to go up quickly in big jumps. Sounds like a great strategy to knock any other bidders out.
In 25 years when he is sitting up there in a beautiful custom home with perhaps the best location along the coast, we will likely look back and think he was pretty smart.
Palmer’s old house is considerably South of the Bluebird Canyon area where the slides took place. None the less, that rear slope would concern me.
It’s so easy to get hosed at an auction if you’re not calm and rationalize what the auctioneer is really saying. I guess it doesn’t matter, that lot is awesome.
#3 I live further up Nyes from Carson’s old house. He sold it back in 2009, that website is a bit dated. I am renting, but almost purchased another house on Nyes back in 2008 and saw extensive geological reports – the slope is much more solid than where the slides took place on Bluebird Canyon, although I can’t remember the exact details. The bigger concern is fire backiung up to that canyon, I am closing on a house further up the hill this week and it was hard to get it insured because of that Canyon.