Showing posts with label Luxury Real Estate. Show all posts
Showing posts with label Luxury Real Estate. Show all posts

Friday, April 8, 2016

11965 Ericas Way

11965 Ericas Way 92040
2 bedroom 2.5 bath 1806 SqFt 
$649,000

Welcome to Eucalyptus Hills! This custom built home has dream views and over two acres of useable land. The home features upgraded kitchen with new granite counters, stainless steel appliances, custom tile back splash, and new cabinets. The kitchen flows into the living room for ease of entertaining. Living room features stone fireplace, 60in Pioneer Kuro Plasma with surround, two double doors to the back yard and big windows to take full advantage of the views.  The master bedroom has a walk-in closet, attached bathroom suit, and double doors to the back yard. Eucalyptus Hills is known for its views of mountains, san Vicente Dam, and out door activities. San Vicente Dam is only 7 miles away. 











Monday, January 11, 2016

4 Reasons To Stay Invested In U.S. Housing

The stock market’s wild ride over the last couple of months may have introduced a measure of uncertainty into the investment outlook for some sectors of the global economy. However, U.S. housing was not one of them. 





America’s housing market is continuing to grow faster than the economy overall. We are seeing a number of opportunities and remain constructive on the sector. Here are four reasons why:




1. Strong job growth and consumer confidence: The U.S. economy has added roughly 3 million private sector jobs over the past year. This includes more than 750,000 new jobs in the 25- to 34-year-old cohort, an important segment for first-time buyers, a rate that is near a 15-year high. A pickup in wage growth is likely given the improvement in the labor market; the unemployment rate declined by 2.4% in the past two years to reach 5.1%. We expect more jobs and higher incomes will lead to rising consumer confidence and demand for homes, even in the face of modestly higher mortgage rates.




2. Low inventories and rising pent-up demand: Both the absolute level of inventory of new and existing homes (now 2.5 million units total) and inventory as a percentage of households (now 1.6%) are at or near 15-year lows. Over the past year, 1.5 million new households have formed; that compares with less than 1.2 million new housing units. In addition, over 30% of 18- to 34-year-olds are living at home. What does this mean? A lot of pent-up demand, and if it picks up, as we expect, housing starts will likely rise toward 1.5 million units (or higher) in the next two to three years. Simply put, with residential investment spending at 3.3% of GDP, the U.S. has been significantly under-building relative to long-term demand (the 55-year average is 4.5% of GDP – see Figure 1).






3. Willingness to lend and expanding demand for credit: Banks are finally lending again! In reviewing second quarter 2015 earnings details, we noticed that mortgage origination growth at all four of the largest U.S. banks rose by double digits. At the same time banks are increasing their willingness to lend, households are becoming more confident and many are now in a position to re-lever: Consumer debt service ratios are near 35-year lows. Importantly, a significant number of previously foreclosed homeowners could become eligible to buy a home over the next five years. As such, the demand and supply of credit is likely to pick up, which should support the U.S. housing market.




4. Relative affordability: At this juncture, owning a house is incredibly cheap – both from a historical affordability perspective and relative to the cost of renting (see Figure 2). Although some have expressed concerns rising rates will reduce affordability, keep in mind that it would take a two percentage point rise in mortgage rates to go back to the long-term average. A very modest pickup in mortgage rates, which are currently under 4%, can be handled by an economy adding 3 million jobs in the private sector alone, in our view.




How to take advantage of current trends

In many regions across the country, there is a significant shortage of housing inventory relative to job creation. In Orange County, California, for example, job growth is overwhelming housing inventory by a ratio of five to one. Our view based on the most recent data is that home ownership is cyclical: As housing prices rise, people become more confident, credit becomes more available. The most recent data on housing starts suggests a shift toward single family home construction. Home builder sentiment is at the highest level it’s been since November 2005. We expect companies tied to housing will see earnings growth much higher than the markets overall.

Investors seeking to capitalize on these trends should stay overweight U.S. housing and housing-related sectors. We continue to see value in select companies in areas such as building materials, home improvement, title insurance, homebuilding, banks and specialty finance companies as well as in non-agency mortgage-backed securities(MBS).




Wednesday, January 6, 2016

2015 Real Estate Review

Last year was a great year for Real Estate in San Diego and 2016 is just going to get better. In 2015 San Diego sold $15,105,240,866. Thats right 15 BILLION! The average home sale was $675,004 and average day on market was 40. (this is only the detached housing market) The biggest home sale was 7007 country club drive La Jolla listed for $19,800,000 and selling for $17,000,000 cash!



6266 Camino De La Costa - On the market for $15,500,000 selling in 
6 days for $14,300,000 cash! 



6102 Camino De La Costa - On the market for $12,500,000 selling in 
330 days for $12,450,000 cash!


9046 La Jolla Shores Lane - On the market for $13,599,000 selling in 
49 days for $12,000,000 Cash!


341 Sea Ridge - On the market for $12,500,000 selling in 
1 day for $11,500,000 Cash!


310 Dunmore Drive - On the market for $12,980,000 selling in 
21 days $11,400,000 Cash!


15651 Puerta Del Sol - On the market for $36,000,000 selling in 
42 days for $11,200,000 Cash!


3006 SANDY LANE - On the market for $12,995,000 selling in 
133 days for $11,000,000 Cash!


17025 Sobre Los Cerros - On the market for $10,250,000 selling in 
158 days for $9,300,000 Cash!


2611 Crown Crest Lane - On the market for $9,200,000 selling in 
1 day for $9,000,000 Cash!

Call cory today for more info on any of these properties. Also if your looking to
buy or sell call me 760-707-6021 corywilcoxre@gmail.com




















Tuesday, January 5, 2016

The most expensive Los Angeles home sales of 2015


Liongate, the Bel-Air estate once home to singer Kenny Rogers, sold for $46.25 million. - 

The Los Angeles Times has rounded up the 10 most expensive single-family homes sold in the greater Los Angeles area from Jan. 1 to Dec. 31, according to Propertyshark. 

$60 million — Malibu Producer Marcy Carsey sold her Malibu beachfront estate to Interscope Geffen A&M Chairman Jimmy Iovine. The 2.2-acre compound includes a 2,500-square-foot main house on a bluff, two guest houses, a cottage near the sand, a swimming pool and a tennis court. 

$59.36 million — Holmby Hills The Singleton House, a Holmby Hills estate estate built for Teledyne co-founder Henry Singleton, sold in April. The 15,520-square-foot home opens to a grand entry with an oval foyer. Formal areas, a wood-paneled study, 10 bedrooms and 12.5 bathrooms are within the Southern Colonial-style house. 

$50.5 million — Malibu An oceanfront compound in Malibu’s Encinal Bluffs area sold in an off-market exchange involving a pair of blind trusts. While details are scarce, tax records indicate show multiple structures including a four-bedroom main house and two guest cottages. A tennis court and a swimming pool are within grounds of about six acres. 

$47.85 million — Bel-Air Guess Jeans co-founder Maurice Marciano sold his 2.7-acre estate to hotel and casino magnate Steve Wynn for $47,851,500 in August in an off-market deal. The 19,299-square-foot contemporary-style mansion has eight bedrooms and 13 bathrooms, according to tax records. A large motor court, tiered patios, large expanses of lawn and a swimming pool and spa sit within the hedged and gated grounds

$46.25 million — Bel-Air Liongate, the Bel-Air estate once home to singer Kenny Rogers, sold to philanthropists James and Eleanor Randall. The mansion was rebuilt and expanded in 2013 and has 11 bedrooms and 15 bathrooms in nearly 24,000 square feet of interiors. Among amenities are three living rooms, a 12-seat theater and a master suite spanning 3,000 square feet. A glass elevator leads to a formal ballroom. 

$44 million — Malibu Investment banker and politician Jack Ryan sold a compound to a nondescript limited liability company in March in another off-market sale in Malibu. The estate includes an unfinished Traditional-style main house and a pool house totaling 12 bedrooms and 12 bathrooms in about 13,000 square feet. 

$38 million — Bel-Air The Mediterranean-style Westside mansion on nearly two acres in Bel-Air was once owned by Georgia Frontiere, the late St. Louis Rams owner responsible for moving the football franchise from the Southland to St. Louis in 1995. The two-story villa includes a home theater, a library, a bar, an art studio and a wine cellar. A total of 10 bedrooms and 15 bathrooms are within 17,700 square feet of living space. 

$36 million — Beverly Hills The onetime 90210 address of Detroit Pistons owner Tom Gores came to market in September for $43.5 million and ultimately sold for $36 million — the most expensive sale of a publicly listed home in Beverly Hills in 2015, public records show. The 14,422 square feet of living space features eight bedrooms, 11 bathrooms, inlaid marble and walnut floors, coffered ceilings, custom millwork and seven antique fireplaces.. 

$34.5 million — Bel-Air In June, the estate of late radio and television personality Art Linkletter quietly changed hands in an off-market deal. Mortgage documents later revealed the buyer to be Canadian billionaire and Edmonton Oilers owner Daryl Katz. The nearly five-acre property features views on the surrounding canyons, Century City and downtown L.A. 

$32.67 million — Beverly Crest Following on the heels of brother Maurice’s sale in Beverly Hills, Guess co-founder Armand Marciano sold his Beverly Crest-area estate. The Mediterranean-style mansion has 10 bedrooms, 10 full bathrooms and 12 powder rooms/bathrooms in nearly 25,000 square feet of living space. Three floors of living, designed for large-scale entertaining, include a professional screening room, a wine cellar, a game room and an elevator. 

Monday, November 30, 2015

25 years later, 'Home Alone' house is unrecognizable



The '90s blockbuster hits "Home Alone" and "Home Alone 2" are synonymous with the holiday season, which is unofficially underway.

That red brick house, located at 671 Lincoln Ave., in Winnetka, Illinois, is easily recognizable on TV screens decades later, but what about behind closed doors?

The four-bedroom, four-bathroom mini-mansion was sold in 2012 for $1.595 million and has been significantly remodeled throughout the years.

The green tile kitchen countertops and floor-to-ceiling floral wallpaper are a thing of the past.

From the master bedroom to the kitchen where Kevin McCallister realized he was "home alone," several rooms bear no resemblance to the originals that so many of us came to know.

Here's a look inside, then and now:

THE INFAMOUS STAIR CASE

THEN:

NOW:






THE KITCHEN WHERE KEVIN REALIZED HE WAS "HOME ALONE"

THEN:

NOW:




THE MASTER BEDROOM

THEN:

NOW:


AND WHO COULD FORGET...




The Little Nero's pizza boy!

Have you watched "Home Alone" this season? Tell us what your all-time favorite holiday movie is!

Oh, and the statue out front that the pizza boy from Little Nero's kept knocking over with his car? Just a prop.






Tuesday, October 20, 2015

Why You Should Get Off Your Duff And Refinance



Mortgage costs, we keep hearing, are going to go up when the Federal Reserve at long last gets around the lifting short-term interest rates. While long and short rates don’t move in lockstep, Fed tightening tends to boost long rates eventually. AdviceIQ Network member Rick Kahler, present of Kahler Financial Group in Rapid City, S.D., tells us how to get in on refinancing to a lower rate while the option lasts:

Interest rates on home loans still are very low in historical terms. That means it remains a good time to dig out your mortgage loan paperwork and consider if refinancing is right for you.

Five years ago, the government started injecting trillions of dollars into the U.S. economy. Conventional wisdom suggested that rising interest rates were soon to follow. Some even predicted the collapse of the dollar and hyper-inflation. Instead, inflation is down, the dollar is the strongest it’s been in 10 years, and interest rates fall to the lowest levels in decades.

When refinancing, you take out a new, lower-interest loan to pay off the old one. Here’s how to find out whether it’s a good option:

First, check the current interest rate on your mortgage loan. Let’s assume you have a balance of $200,000, with monthly principal and interest payments of $1,013 at a rate of 4.5%.


Next, shop around. Call two or three mortgage brokers and find out the interest rate you can obtain on a new loan. They’ll ask for your household income, the value of your house and the current balance on your mortgage. If you don’t know how much your home is worth, contact your local property tax office for an assessed value.

Ask the brokers to give you the interest rate and payments on a mortgage similar to the number of years left on your current loan. Also ask about a shorter-term loan, which usually has a lower interest rate.

When shopping for a new mortgage, you may be tempted to reduce your payments even more by lengthening the term of your new loan. While the benefit is more spending money per month, you can end up paying more in interest. I strongly suggest obtaining a new mortgage that is equal to or less than the number of years remaining on your current loan.


John Schuler | NMLS# 76904 
Senior Loan Officer | Movement Mortgage
12780 High Bluff Dr | Suite 130
San Diego | CA | 92130

Apply Online at:   http://movement.com/john.schuler

Tuesday, October 6, 2015

Breast Cancer Awareness Month

Breast Cancer Awareness Month

October is the month for Brest Cancer Awareness! Cancer took my dads life at a young 56 just 2 years ago. 

For the month of October every home bought or sold with Wilcox Estates a percent will go to the Brest Cancer Awareness of YOUR choice! 

Its time to give back San Diego and YOU CAN HELP!

Call Cory Wilcox today! (760) 707-6021


Wednesday, September 9, 2015

San Diego Is the New HOT Spot for A-List Celebrities!

        Who knew San Diego had so many A-List Celebrities?


Scott Eastwood


Here is Scott Eastwood cruising down PCH enjoying his Encinitas, Ca life style. Encinitas is small beach town that is known for it fitness, health eating, and beach life style. Encinitas is not only home to A-List Celebrities but is also home to the famous Self-Realization Fellowship. Scott Eastwood calls encinitas home for "It's a really healthy, active lifestyle," the 29-year-old told KUSI of why he chose Encinitas. "...The people in North County are just amazing — good people." 


Shannon



Shannon, mother to Kardashian matriarch Kris Jenner, is a tall, slender woman in her “mid-70s” who leads a quiet life in the sleepy beach town of La Jolla, just north of San Diego. She’s recognized occasionally on the street as the grandmother to the Kardashians and has appeared a few times on the family’s E! reality-TV show, Keeping Up With the Kardashians. She has been snapped alongside granddaughter Kim on several shopping trips.

But Shannon stays largely out of the limelight. When she greets me at her cozy store, Shannon & Co., the day before the Fourth of July, she looks elegant in a pair of high-waisted red pants and a Gucci belt, Ralph Lauren sneakers, a white T-shirt, and a blue-and-white-striped sweater—in theme, of course. There are no assistants or paparazzi, no publicists, and no fans. “Kids tear the place apart!” she says of her usual clientele.

A small mom-and-pop store she founded in 1980, Shannon & Co. is filled with light that streams through two big windows edged with Spanish tiles. Inside, circular racks are packed tightly with kids’ clothes, for boys as old as 7 and girls as old as 14. There is a miniature baseball jacket, pink pajamas printed with palm trees, “nana blankets” hand-knit by a friend, and a tiny fireman’s costume. The carpet, business cards, and notepads are all leopard print—a “family signature” since 1985, she says—and a large picture of Kim Kardashian at age 7 hangs on the wall.


Bill Gates




Microsoft founder Bill Gates has purchased weight-loss icon Jenny Craig’s 229-acre thoroughbred training center in Rancho Santa Fe, which he plans to turn into a grand prix circuit for hunters and jumpers.

Gates, whose teenage daughter jumps horses competitively, paid $18 million for the facility in a deal that closed Sept. 12. It’s one of the highest prices secured for a property this year in San Diego County, where Gates also owns a home in the Del Mar Country Club. A spokeswoman for the Gates family confirmed the deal to buy the ranch Wednesday in a statement to U-T San Diego.

“The family has enjoyed visiting the San Diego area with friends and family for many years and has purchased the Rancho Paseana property in Rancho Santa Fe, California,” she said.

Craig closed the facility in May 2013 for financial reasons amid upheaval in the horse racing industry nationwide. At the time, Inglewood’s Hollywood Park was approaching its fall season, and talk was that some of the races would be shifted to Del Mar after it closed. They ultimately were, and Del Mar hosts its second opening day this year on Nov. 7. Before it shut down, Craig’s horse ranch was being used as training grounds for top quality thoroughbreds, but mostly was known as a “layup” facility for horses to enjoy downtime and rehab from injuries.

Craig had been trying to sell the property called long before it closed. In 2010, she put it on the market for nearly $30 million. The price tag was reduced to almost $25 million before it was pulled off the Multiple Listing Service entirely in fall 2012. The property was not listed when it actually sold, said listing agent Catherine Barry, of Barry Estates in Rancho Santa Fe.

Craig, who declined to name the buyer, said she has many happy memories of her time at the ranch but that it was expensive to maintain. She said it was time to put it behind her as she is on to a new chapter in her life.

“I was happy that the buyer is someone who can afford to turn it into the showplace it was meant to be,” she said. “It will be kept as a horse barn so the neighbors will be thrilled ... the person who bought it will make it like it can and should be.”

The property includes a white fenced, three-quarter-mile dirt training track, four 30-stall barns and rehab equipment for injured horses. Barry said the parcel also features two apartments with a French motif. She said Craig received offers that involved building a golf course or a hotel on the property, but she wanted to keep it for its original purpose: for horses.

“At one point she was thinking maybe she should look at potentially doing some subdivision ... but her dream was always to sell it to someone else to keep it for horses,” said Barry, who also declined to name the buyer.

Forbes reports that Gates, whose net worth of $81 billion makes him America’s richest man, has spent money on horses before. A few years ago, Gates leased a home in Palm Beach, Fla. for $600,000 so his daughter Jennifer could be near Wellington’s Equestrian Festival, according to Forbes. Further, the Daily Mail reports that around that time Gates leased four elite jumping horses for $50,000 to $75,000 each for his daughter to train.

Carl Hilliard, a former Del Mar City Councilman whose horses have competed at Del Mar, said it was a loss to the equestrian field when Craig closed the facility some years ago.

“There are a number of training facilities and they range from very good to not so good, and this was one of those that was very good,” said Hilliard, whose thoroughbred Johnny Eves won the 2007 Malibu Stakes at Santa Anita. “There’s a lot of hunter-jumper facilities in Rancho Santa Fe, so this is sort of a center for it.”

Hilliard said his preference is for the facility to be used for thoroughbred training, but that would require a lot of work, such as enlarging the stables.

Once known as Rancho del Rayo, the property originally belonged to former San Diego Chargers owner Gene Klein, who built it in 1985. The Craigs bought the facility in 1995 for $6 million, public records show.

The $18 million sale price is among the highest secured in the county in 2014. A home at 420 Avenida Primavera in Del Mar sold for $22.9 million in June. Last year, the most expensive home sold in the county was at 1936 Ocean Front in Del Mar, which sold for $18.75 million.

Cory Wilcox, a San Diego Realtor with Keller Williams, said unique properties like Craig’s ranch command a higher price.

“Estates like that, are very hard to put a price on,” she said. “The fact that it will not be developed is a win for the community.”

Craig also recently listed her home at 2936 Ocean Front in Del Mar, for $39.5 million. That home is still on the market.


Wednesday, August 19, 2015

San Diego’s 7 Most Anticipated Restaurant Openings of Fall 2015

http://www.amazon.com/gp/product/B003IKMSFE/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B003IKMSFE&linkCode=as2&tag=corwilreaest-20&linkId=S52ZCLNKK2EQWDB7

Hot summer temperatures are still in full swing, but fall is right around the corner. To help get you in the mood for the change of season, check out this list of seven new restaurants slated to open within the next few months.

Fireside by The Patio

Historic Liberty Station gains another eatery in the form of a backyard party. Originally dubbed The Backyard, this new concept by The Patio Restaurant Group will feature custom wood-fired grills designed by local bath and kitchen designer Phil Roxworthy, plus smokers and pizza ovens in a space with indoor and outdoor seating. Executive chef John Medall’s menu takes full advantage of the outdoor cooking technique and will offer wood-fired favorites alongside salads, craft beer and cocktails.
Projected opening: September

http://www.amazon.com/gp/product/B00NISVK4G/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00NISVK4G&linkCode=as2&tag=corwilreaest-20&linkId=33NAWBHSNHRE23KR

Duke’s La Jolla

The area's newest restaurant will honor Hawaiian native Duke Kahanamoku. Owned by San Diego– and Maui-based TS Restaurants, the spot will be helmed by executive chef Anthony Sinsay (pictured with general manager Shaughn Helliar), who is bringing the signature dishes of Hawaii — like lilikoi ceviche and 24-hour kalbi short rib — to SD. The 13,000-sq.-ft. restaurant boosts two dining levels with indoor and outdoor seating and views of the La Jolla Cove.
Projected opening: October

Hammond’s Gourmet Ice Cream

The North Park shop is set to expand into Pacific Beach. The frozen confection shop, co-owned by Dan Szpak and the husband-and-wife team of Ryan and Trang Hammond, will be bringing regular scoops, mini-scoops and their ever-popular flights of Hawaiian-based Tropical Dreams ice cream with more than 32 flavors to choose from.
Projected opening: Early fall

The Crack Shack

Executive chef Richard Blais is hatching up a new restaurant adjacent to Juniper & Ivy that focuses on all things chicken and eggs. Housed in an abandoned construction and welding shop, the eatery will serve breakfast, lunch and dinner. Diners can look forward to locally sourced ingredients including free-range, non-GMO eggs and a custom bread program brought to you by Blais and chef de cuisine Jon Sloan.
Projected opening: Late fall

Liberty Public Market

This ambitious project (rendering pictured at the top) — promising to rival the public markets around the country found in Seattle, NYC and Cleveland — signed on its first wave of vendors. Shops include Liberty Meat Shop, The WestBean Coffee Roast, Fully Loaded Juice, Venissimo Cheese, Pho Realz, Wicked Maine Lobster, Mastiff Sausage, Cane Patch Pies and Cecelia’s Taqueria, with capacity for 20 more shops. The project by Blue Bridge Hospitality is a $3 million mixed-use market renovating 22,000 sq. ft. of space in historic Liberty Station.
Projected opening: Late October

TRUST Restaurant

Architect and developer Jonathan Segal’s under-construction building in Hillcrest, dubbed “Mr. Robinson,” is set to get its own restaurant with chef Brad Wise (Eat.Drink.Sleep.’s JRDN at Tower 23, DraftCannonball) and GM Steven Schwob (Eat.Drink.Sleep’s DraftCannonball) behind the project. Wise will be focusing on shareable plates using local ingredients, while Juan Sanchez — known for his work at Kettner Exchange and JRDN — will take charge of the cocktail program.
Projected opening: October/November

The Herb Shop

Top Chef alum Brian Malarkey has been hinting at an unnamed project all year long and he's finally unveiled the name and concept. Located in Little Italy, this eatery will be centered around herbs with roasted veggies, meats and seafood filling out the menu. Planned is a dining room with an open-air atmosphere and lots of edible plants as decor. Attached will be a market selling packaged gourmet foods.
Projected opening: December 1


New Homes on the Market!
3 Bedroom 2 Bath 2,168 SqFt. $1,399,000
3 Bedroom 2.1 Bathroom 2,369 SqFt. $1,348,000
4 Bedroom 2 Bath 1,971 SqFt. $660,000-$670,000



 

  

Friday, August 14, 2015

Luxury listing of the day: Tres Paraguas in Carmel, California

I'm I'm A 4-bed, 4-bath work of art between Los Angeles and San Francisco

Ron Mann designed this complex with a captivating view of California’s Monterey Bay — a lovely eco-friendly home that comes complete with an outdoor bar and kitchen perfect for entertaining.

This four-bedroom, four-bathroom property was listed at $18.5 million, but it will sell at or above a reserve price of $11.5 million at auction on Aug. 15. It’s listed with Sotheby’s International Realty and Concierge Auctions will host the auction.