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Rancho Santa Fe Real Estate - Upscale Real Estate

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Located about 25 miles north of the heart of downtown San Diego and four miles east of the Pacific Ocean, Rancho Santa Fe, Calif. represents the more upscale 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 does not have a high turnover. It does, however, have a steady growth trend like the rest of California.

The weather makes Rancho Santa Fe ideal. The city has more stable temperatures throughout the year than the U.S. The temperatures range from the mid-50’s to mid-70’s year-round. The almost 7000 Rancho Santa Fe residents enjoy more sunshine and less wind than the nation’s average.

Nearly two-thirds of all Rancho Santa Fe residents live inside “The Covenant” or the original Rancho Santa Fe development. Owning property inside of “The Covenant” requires an extra 15-cent tax yearly for every $1,000 of their purchase price which helps maintain beautifully landscaped roadways and public areas. Residents of The Covenant also enjoy exclusive privileges to tennis, golf, and garden clubs in the area.

One of the six private golf clubs, The Crosby at Rancho Santa Fe, is named as “the most upscale and exclusive private golf club in San Diego” according to SanDiegoGolf.com. A 722-acre luxurious golf resort, The Crosby plays off a theme of legendary actor/singer and passionate golfer, Bing Crosby, who used to live in the area. Dan Klunk, membership director at The Crosby, said membership fees are $140,000 if you live outside the gates with $575 monthly dues. The club has more of a resort feel to it with a ballroom, restaurants, a courtyard, 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 slightly more than two acres. Outside of The Covenant, there are approximately 27-33 planned communities. With upscale communities that provide some of the finer things of life, it’s no wonder that Rancho Santa Fe is one of the ten wealthiest communities in the U.S.

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