Rancho Santa Fe Real Estate – Luxury Real Estate
Located about 25 miles north of the heart of downtown San Diego and four miles east of the Pacific Ocean, Rancho Santa Fe, California. represents the most exclusive end of San Diego County and Southern California. With home prices ranging from $1 million to more than $22 million, this city’s real estate market is not one of high turnover. However, it has a steady growth trend like the rest of California.
The climate makes Rancho Santa Fe ideal. The city has more stable temperatures year-round than the US. Temperatures range from the mid-50s to mid-70s year-round. Rancho Santa Fe’s nearly 7,000 residents enjoy more sun and less wind than the national average.
Nearly two-thirds of all Rancho Santa Fe residents live within “The Covenant” or the original Rancho Santa Fe development. Owning property within “The Covenant” requires an additional tax of 15 cents a year for every $1,000 of the purchase price, helping to maintain beautifully landscaped pathways and public areas. Residents of The Covenant also enjoy exclusive privileges to tennis, golf and garden clubs in the area.
One of six private golf clubs, The Crosby at Rancho Santa Fe is named “San Diego’s most unique and exclusive private golf club,” according to SanDiegoGolf.com. A 722-acre luxury golf resort, The Crosby plays on the theme of the legendary actor/singer and passionate golfer, Bing Crosby, who used to live in the area. Dan Klunk, director of membership for The Crosby, said membership dues are $140,000 if you live out of doors with a monthly dues of $575. The club has more of a resort feel with a dance hall, restaurants, a patio, and kids’ activities.
In August 2005, the average home in Rancho Santa Fe sold for $574/sq.ft. and sold in 114 days. The average lot size is just over two acres. Outside of The Covenant, there are approximately 27-33 planned communities. With premier communities that provide some of the finer things in life, it’s no wonder Rancho Santa Fe is one of the top ten wealthiest communities in the US.