Posted on 04/24/2020 4:56:42 AM PDT by Oldeconomybuyer
The billionaire philanthropists Bill and Melinda Gates have purchased an exquisite beach house outside San Diego-splashing out on $43 million for an oceanfront mansion in the coastal town of Del Mar, CA. The prodigious purchase price makes it one of the largest sales in the area's history.
The luxurious six-bedroom, four-bathroom, 5,800-square-foot home was sold to the Gates family by Madeleine Pickens, a former wife of the billionaire oil baron T. Boone Pickens, according to the Wall Street Journal. The home originally landed on the market for $48 million in January 2019.
The oceanfront property was built by the architect and designer Ken Ronchetti in 1999. According to the listing details, the house is well-known as a city landmark and is considered "one of the most prominent coastal contemporary beach homes on the West Coast."
The elegant residence comes with 120 feet of private ocean frontage.
Wide windows throughout the living spaces open to the back patio, offering a seamless flow between the indoor and outdoor spaces. The large patio also provides awe-inspiring vistas of the Pacific Ocean.
(Excerpt) Read more at sfgate.com ...
AT current Prop 13 structure, his tax bill will be around $53,750 the first year, with 2% annual increases after that.
AND-—His “private’ ocean beach frontage” isn’t all that private.
It is only private past the high tide line, IIRC. Low tide & anyone can walk on that beach....
I slipped a digit.
Should be $537,500 annually now & more later....
Someone remind me-—Didn’t Trump new Tax laws stop the deduction of property taxes above $10,000???
That will be another hard pill for Gates to swallow.
one of the most prominent coastal contemporary beach homes on the West Coast.
Until a tsunami happens then you have a new under water house fish wink.
Obama has a house on the ocean too. Liberal elites are such liars.
Stop. You are going to have a stroke.
$43 million?!? You can get 5800 square feet for around $750K outside of Atlanta. Then again, we don’t want them here!
There is erosion on that beach. They use concrete, rocks and, I think, dredging to mitigate
Too much dam griping and whining like b.tches on this board and not enough action"
Excellent!
Finally! You got one over the fence... {:-)
Excellent!
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