At the time of this auction in 2010, it seemed unbelievable that anyone would pay $4 million (plus 10% fee) for any lot – and these auctioneers couldn’t convince anyone else to get close.
But in the end, Mr. Palmer got the last laugh when his 10-year odyssey ended last month with the sale of the 6,580sf home he built here for $18,000,000 cash:
Now that Boquita has closed escrow, let’s go back in time to when I sold it to the former owners in 2009.
It was a true fixer that took a major effort to get it into shape. The new master bathroom in the photos above turned into a real highlight, especially when you see how it started:
The six-bedroom home spans about 5,800 square feet, according to the listing. It has a 10-person Jacuzzi overlooking a fire pit, a long oceanfront deck, limestone flooring, and a swimming pool.
Mr. Gates, one of the world’s richest people and the co-founder of Microsoft, has been in the public eye recently due to his early warnings about the global pandemic. This purchase adds to the couple’s already sprawling real estate portfolio, although Mr. Gates has historically treated his compound in Medina, Wash., as his primary home. In 2014, he also bought weight-loss guru Jenny Craig’s Rancho Santa Fe, Calif., equestrian estate for $18 million.
If you are around Del Mar this weekend, stop by and say hello! Donna and I will be there today (4-6p) and Saturday (12-3p), and then Richard will be joining me on Sunday (12-3p).
We should be busy, judging by the number of views in the first 23 hours:
Our new listing in Del Mar, and great for multi-gen! A rare find of a 5br/4ba, 3,708sf home with two master suites – one on each floor! Fully remodeled with dual-pane windows, dual-zone HVAC, tankless W/H, new paint, hardwood floors, Craftsman kitchen, owned solar system with 240 outlet for your car charger, and full blown panoramic ocean view overlooking the Torrey Pines Reserve – wow!
LP = $2,495,000
Sunset Open House this Friday 4-6pm, and open 12-3pm this Saturday & Sunday, February 8th and 9th.