Rancho Santa Fe real estate is some of the most desireable property to own in the USA!! Residents of this area often refer to their community as "The Ranch." Large home sites are the norm in Rancho Santa Fe with most properties ranging from two to four acres each. Home prices range from $900,000 to about $12 million. According to Forbes Magazine, it is one of the ten wealthiest communities in the entire USA. Despite this wealth, the area has a low profile and privacy is a prized feature.
One of the most important investment decisions you will ever make will be your selection of real estate as a home or an investment. When purchased and managed properly, California real estate can be one of the safest and most profitable investments available today. For other useful information on the area click on the links below.
Rancho Santa Fe Real Estate
Area Information
Rancho Santa Fe Homes
The market in Rancho Santa Fe is very active, and properties are continuing to hold their high value in 2006. There are some brand new developments in the area, including Cielo and others. Real estate opportunities range from smaller village bungalows and condos to huge estates resting on 5 acres or more.
Rancho Santa Fe is a rather exclusive area, but property hasn't always been as valuable as it is today. In 1906 the Santa Fe Railway, purchased the entire ancestral grant of the Osunas people, a local indian tribe. The local news heading in the San Diego Union, August 17, 1906 -"Santa Fe Buys San Dieguito Big Ranch Consisting of 8650 Acres Sold for $100,000. Eucalyptus trees will Be Planted for Railroad Ties." The price paid worked out to about $11 per acre. From 1923-1929 large parcels of land were sold for citrus and avocado groves. Homes were constructed, many on hilltops with fabulous views of the mountains, ocean and valleys. Building and landscaping requirements were a part of the purchase contract in the early years. In 1927 a non-profit association was formed. The Rancho Santa Fe Association’s purpose was to administer the Protective Covenant that seeks to insure the "preservation, maintenance, development, and improvement of property owners and in conformance with the general community plan." The "Covenant" as it is known helps to maintain the character of all real estate developments in the Covenant lands area. Land today goes from about $900,000 per acre in a 1-2 acre parcel to about $600,000 per acre in a 10 acre parcel.
The larger properties in Ranch Santa Fe are less liquid and may take more time to sell, but that matters little to their owners, and the properties do continue to appreciate in value. Let us show you how to make residential property in the Rancho Santa Fe area the cornerstone to your family's future. We can assist you in acquiring a real property based portfolio. Investing in real estate can be part of a solid financial strategy.
In general, the most important considerations are:
1) Know the market...what is happening in the area and economy
2) Know how to analyze a property
3) Know your limits (dollar and risk wise)
If you're considering this prime area for your next home, please contact Hannon Properties. Click here to contact us.
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