La Jolla estate sells for $18.5 million; making it the second highest home sale on record in La Jolla

The second-highest single parcel home sale in La Jolla history closed escrow Sept. 3 for $18.5 million, said Ed Mracek, who co-listed the oceanfront property with Marty Vusich of Willis Allen Real Estate.

The estate in La Jolla at 9736 La Jolla Farms Road sold for $18 million on Sept. 3, 2013. Courtesy

The 15,000 square-foot estate occupies 2.58 acres at 9736 La Jolla Farms Road.

“This sale is eclipsed only by that of the larger parcel at 9776 La Jolla Farms Road purchased for $23.5 million in 2005 by attorney Bill Lerach,” Mracek said. The buyer of the property is listed on county assessor records as JJCD Investments, LLC, of Austin, Texas.

Architect Frederick Weir and interior designer Arthur Porras remodeled the sprawling residence to include a guesthouse, entertainment building and state-of-the-art home theater wired for a home recording studio.

“The home was on the market for 348 days,” Mracek told La Jolla Light. “Once we reduced the price to $22 million, we started to see some interest. It’s one of the last Arthur Porras’ homes in the area.” Porras, a Mission Hills-based designer, died in 2005. —Susan DeMaggio

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Short URL: http://www.lajollalight.com/?p=113400

Posted by Staff on Sep 11, 2013. Filed under La Jolla, News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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