It was built for Bud and his wife, who are known for transforming San Diego's Gaslamp Quarter. The property has always been sold for less than its asking price, with every transaction finalized within a month of the house being listed. It was put up for sale in February for $11.75 million and sold in March for $10.5 million. The property was re listed for sale in August of 2016 for $13 million, but sold for $11 million in September. The home has many outdoor spaces, including terraces, verandas, and patios, where residents can relax and look at the ocean view. The estate is located in the city of Encinitas in San Diego County. The real-estate scene in San Diego County has been busy recently. In March, the median sales price for detached homes was $975,000, up by 20.4% compared to March 2021, when the median sales price was $810,000. The Crescent House is an outlier at $23.5 million, but it is not the only multimillion-dollar mansion to hit the market recently. A waterfront mansion in La Jolla, San Diego County, was listed for $32.50 million last month. The estate is one of the larger lots on the street and the land value alone is expensive. The agents said that with the building restrictions between the city and the coastal commission, you would not be able to build this house on that site today. Keep reading.
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