You are invited to come see one of Rancho Santa Fe’s most exquisite estates! Major major price reduction! Now listed at $11,850,000. On open house this Sunday August 3rd from 11am to 4pm. Don’t miss this rare opportunity!

Located at:
15931 Via De Santa Fe
Rancho Santa Fe CA 92067
(between Fairbanks Ranch and the Village of Rancho Santa Fe)
Feel free to call me for directions and additional information at (858) 342-2773

Click here for pictures and details

Rare opportunity to see one of Rancho Santa Fe’s most equisit homes constructed by one of Rancho Santa Fe’s best homebuilders. This magnificent Jim Sylvester designed Tuscan estate features an 18,000 sq.ft. main residence, a 3,600+ sq.ft. guest house and a 1,200 sq.ft. detached executive office suite, all sprawling across 2.29 acres. This turnkey home is a true masterpiece (3 years in the making)! Words can’t describe the amazing features and attention to detail so come see for yourself! Price just reduced to $11,850,000

More details:
This custom Jim Sylvester designed home comes completely furnished with over 2 million dollars in high end custom furniture, 12 XL plasma TV’s, custom Brunswick pool table, and more. Sylvester Homes is offering creative buyer financing - please ask for details. This entire estate is completely turnkey. Main residence offers over 18,000 sqft and includes 5 bedroom suites, theater, wine grotto, billiard room, formal walnut library, exercise room w/ sauna, hobby room and so much more! This estate, (3 years in the making), has a fully integrated sound system a security/surveillance system, 12 plasma televisions, and 17 fireplaces. The backyard is a tropical island paradise complete with lagoon pool, spa with moat, waterfalls, swim up cave and slide. Steps away from the pool, one can enjoy the outdoor living room a fireplace and barbeque pavilion while capturing views of your own exquisitely landscaped gardens. The sensational master bedroom features its own private outdoor spa sanctuary with fireplace, inviting daybed and 2 outdoor showers as well as an adjoining oversized exercise room with sauna. Situated on an all useable, gated and private site, this home consists of 4 separate compounds created for ultimate family living! The guest villa, with over 4000 square feet of living space in itself, offers 2 Master suites, paneled library, formal dining, great room, complete gourmet kitchen, and a 2 car garage. The office villa offers over 1200 square feet of executive office space and includes a handsome foyer with fireplace and can easily be utilized as additional domestic/staff quarters. A separate service entrance leads to a fourth compound complete with 4 car garage. Dramatic faux finishes are through-out every living area in the home (including garages). There are expansive indoor and outdoor entertainment areas and spectacular living spaces that optimize the enjoyment of this exceptional and truly one of a kind property. Recent $600,000 renovation to front entrance with pedestrian walkways has created even more magnificent curb appeal than ever before! A rare and remarkable offering when only the best will do!!

Rare opportunity to see one of Rancho Santa Fe’s most equisit homes constructed by one of Rancho Santa Fe’s best homebuilders. This magnificent Jim Sylvester designed Tuscan estate features an 18,000 sq.ft. main residence, a 4,000 sq.ft. guest house and a 1,200 sq.ft. detached executive office suite, all sprawling across 2.29 acres. This turnkey home is a true masterpiece (3 years in the making)! Words can’t describe the amazing features and attention to detail so come see for yourself! Price just reduced, seller will now entertain offers between $12,500 and $15,350,000.

More details:
This custom Jim Sylvester designed home comes completely furnished with over 2 million dollars in high end custom furniture, 12 XL plasma TV’s, custom Brunswick pool table, and more. Sylvester Homes is offering creative buyer financing - please ask for details. This entire estate is completely turnkey. Main residence offers over 18,000 sqft and includes 5 bedroom suites, theater, wine grotto, billiard room, formal walnut library, exercise room w/ sauna, hobby room and so much more! This estate, (3 years in the making), has a fully integrated sound system a security/surveillance system, 12 plasma televisions, and 17 fireplaces. The backyard is a tropical island paradise complete with lagoon pool, spa with moat, waterfalls, swim up cave and slide. Steps away from the pool, one can enjoy the outdoor living room a fireplace and barbeque pavilion while capturing views of your own exquisitely landscaped gardens. The sensational master bedroom features its own private outdoor spa sanctuary with fireplace, inviting daybed and 2 outdoor showers as well as an adjoining oversized exercise room with sauna. Situated on an all useable, gated and private site, this home consists of 4 separate compounds created for ultimate family living! The guest villa, with over 4000 square feet of living space in itself, offers 2 Master suites, paneled library, formal dining, great room, complete gourmet kitchen, and a 2 car garage. The office villa offers over 1200 square feet of executive office space and includes a handsome foyer with fireplace and can easily be utilized as additional domestic/staff quarters. A separate service entrance leads to a fourth compound complete with 4 car garage. Dramatic faux finishes are through-out every living area in the home (including garages). There are expansive indoor and outdoor entertainment areas and spectacular living spaces that optimize the enjoyment of this exceptional and truly one of a kind property. Recent $600,000 renovation to front entrance with pedestrian walkways has created even more magnificent curb appeal than ever before! A rare and remarkable offering when only the best will do!!

Don’t miss your opportunity to buy the least expensive condo in Rancho Santa Fe! We just had a major price reduction on our listing in Alcala. The seller will now entertain offers between $750,000 and $825,876 which makes this the best deal in town! This two story unit features a master up, master down and an office! It is a quiet interior location close to the pool. This is also an end unit with only has one shared wall. The condo is light, bright, open and airy and in addition, it is offered fully furnished!

For those of you that are familiar with Alcala, this is the highly sought after “Poppy” model. If you are not familiar with Alcala, it is a gated community in Whispering Palms. Conveniently located on the south west edge of Rancho Santa Fe this area is within minutes of the 5 freeway and the beach. In addition, Whispering Palms is surrounded by the beautiful Morgan Run Golf Course and resort.
For more information please call (858) 342-2773 or email us today.

In October of 2007 a total of 4 homes sold in the Rancho Santa Fe Covenant. The sales prices of the 4 RSF Covenant homes that sold were:

$2,350,000
$5,350,000
$8,000,000
$8,600,000
In addition to the 4 Rancho Santa Fe covenant properties that sold, there are also 4 properties in escrow and 91 active listings. The average list price for the 91 listings that are currently on the market is $6,828,104 with the lowest RSF Covenant list price being $1,575,000 and the highest current RSF Covenant list price being $29,900,000.

If anyone would like more detailed information on any active, pending or sold homes in the Rancho Santa Fe Covenant or the surrounding areas of Rancho Santa Fe (including MLS reports, comparative market analysis, pictures…) please email me and I will get the information to you ASAP!

Thank you,
Julien Brandt REALTOR
Prudential Rancho Santa Fe Properties

I asked Sean Barry from Wells Fargo Home Mortgage (here in the Village of Rancho Santa Fe) to give us an update on the recent Fed rate cut:

“We had some good news this last Tuesday compliments of the Federal Reserve (the “Fed”). The Fed dropped the Fed Funds Rate and the Discount Rate by .500%. The drop in the Federal Funds Rate will directly effect consumer debt that is directly tied to the Prime Rate Index. Prime Rate moves in step with the Federal Funds Rate; therefore, Prime Rate moved from 8.25% to 7.75%. This is especially good news to homeowners that have 2nd liens that have floating interest rates - e.g. home equity lines of credit. The Fed’s move does not directly impact mortgage rates, but the rate reduction sends a positive message to the markets since it eases some of the credit tensions that have plagued the mortgage industry for the past month or so. Mortgage Rates are still historically low, and with home prices easing up it may quietly be a great time for home buyers to purchase a home.”

If you have any questions on mortgages, please feel free to contact Sean Barry of Wells Fargo Home Mortgage at (858) 759-2300.

Sean A. Barry
President’s Club 2006
Home Mortgage Consultant
Wells Fargo Home Mortgage
16079 San Dieguito Road, Suite A-1
(Mail Only: P.O. Box 3511)
Rancho Santa Fe, CA 92067
858.759.2300 Direct
877.858.SEAN (7326) Toll-free
858.630.4217 Fax
sean.a.barry@wellsfargo.com
www.seanabarry.com

I would like to invite everyone to our open house this Saturday 8/18/07 from 1:00 to 4:00pm in the Rancho Santa Fe Covenant. The property is located just north of the village at 6060 Lago Lindo in the covenant. It is a charming single level ranch style home on 2.27 parklike acres. The property also includes a 2 horse barn and coral, private pool, and sand trap. Enjoy over 40 miles of Covenant horseback riding and hiking trails!

This covenant property is within walking distance to the village of rancho santa fe, and the Rancho Santa Fe golf and tennis club. Attractively offered at $3,200,000

For more information please contact Julien at (858) 342-2773.

As of August 17th 2007 there are currently 101 listings available in the Rancho Santa Fe Covenant. Of these 101 listings 95 are detached homes and 6 are condo/townhomes. The current prices for RSF Covenant detached homes are between $1,590,000 and $29,900,000 and the prices for attached homes in the Covenant currently range from $1,195,000 to $2,200,000.
Please note that the housing inventory in Rancho Santa Fe changes daily so please contact us for an up to date report of all current listings. In addition, if you would like a full MLS report on all properties currently available in the Rancho Santa Fe Covenant (including pictures) please let us know.

Below is a chart that shows the Rancho Santa Fe real estate listing sales volume for all listings sold within the last year. This chart is based on Data from Sandicor (San Diego’s multiple listing service) and it has been updated to reflect Q2 sales. As you can see there was over $644,000,000 in listing volume sold in Rancho Santa Fe in the last year. The report is from July 1, 2006 through June 30, 2007. Prudental California Realty reported 85 sales which is more than the next 5 firms combined. Coldwell Banker had the second highest listing sales volume at 30, and the Barry Estates was third with 27. Willis Allen had 18, Sterling Real Estate had 4, and the John Cote Company had 3.

In Listing Volume sold for the same period Prudential California Realty was at $296.3 million, Barry Estates at $153.1, Coldwell Banker at $88.8, and Willis Allen at 54.3.

Just a quick update on the current home prices in a few of the most active Rancho Santa Fe communities (as of Febuary 1st 2007):

Rancho Santa Fe Covenant: 78 active RSF covenant listings ranging in price from $1,500,000 to $40,000,000
Fairbanks Ranch: 31 active listings in Fairbanks Ranch ranging in price from about $2,000,000 to $22,000,000
The Bridges: 23 active listings in The Bridges ranging in price from $2,095,000 to $6,925,000
Del Mar Country Club: 3 listings currently in the Del Mar Country club priced at $3,825,000 $4,995,000 and $26,900,000.
Rancho Pacifica: 17 active listings in Rancho Pacifica ranging in price from $ 3,475,000 to $13,990,000.
Crosby Estates: 23 active listings in The Crosby Estates priced between $1,450,000 and $4,695,000.
Cielo: 19 listings currently in Cielo priced between $1,999,000 and $ 3,800,000
Santa Luz: 44 current listings in Santa Luz priced between $1,195,000 and $8,500,000

If you would like information on any of these areas please let us know!

In order to keep up to date on the Rancho Santa Fe Covenant real estate market we continually run reports and keep track of all active, pending, and sold properties. Below is a quick snapshot of the Rancho Santa Fe Covenant real estate market as of January 31st 2007. These statistics come from the San Diego MLS and include both attached and detached homes. (For a complimentary in depth report and complete MLS listings please email us)

Active RSF Covenant Listings: Currently the Rancho Santa Fe Covenant has 85 active MLS listings priced between $1,100,000 and $40,000,000. The average list price is $5,690,570 the average square footage is 6,106 sq. ft. and the average list price per square foot is $791.

Pending RSF Covenant Listings: Currently there are 11 properties in Escrow in the covenant priced between $1,685,000 and $4,800,000. The average list price is $2,825,079 the average square footage is 4,919 sq. ft. and the average list price per square foot is $605.

Sold RSF Covenant Listings (within the past 6 months): There are 38 properties that have sold in the covenant in the past 6 months. All the sold homes were priced between $825,000 and $8,150,000. The average sold price was $3,297,267 the average square footage was 4,188 sq. ft. and the average list price per square foot was $807.

Information courtesy of the Katie Hawkes Group. If you would like more detailed information on the Rancho Santa Fe Covenant or other areas of Rancho Santa Fe (including: The Bridges, Cielo, The Crosby, Santa Luz, Fairbanks Ranch, The Farms…) please let us know. If you would simply like to see statistics for another community you can simply leave a comment below and we will do our best to post statistics for the area you are interested in.

The Katie Hawkes Group
Rancho Santa Fe properties
www.RanchoSantaFeHomeSales.com