It’s not unusual for ultra-luxury homes to pass from one multibillionaire to another. In this case, Bill and Melinda Gates did just that, shelling out $43 million for a Del Mar beach compound owned by Madeleine Pickens, former wife of oil baron T. Boone Pickens.
The Largest Residential Sale In Del Mar History
Did COVID-19 prompt the purchase? Are the Gates plotting a great escape? Your guess is as good as ours! But one thing is for certain. The property is tailormade for one-percenters. And it’s a smart addition to the Gates family real estate portfolio. Their holdings include a main residence in Medina, WA, a horse ranch in Santa Fe, CA, and plot of land in Wellington, FL.
The 4,800-square-foot compound in San Diego’s exclusive Del Mar enclave affords extreme privacy with 120-feet of private ocean frontage. Plus, the $43 million purchase price makes it one of the largest sales transactions in San Diego County history.
Head-Turning Del Mar Paradise With Idyllic Indoor-Outdoor Living
The six-bedroom, three-full-and-one-half-bathroom mansion was built in 1999 by architect Ken Ronchetti and features walls of glass framing dramatic ocean views. Custom touches abound, including elegant wood and stone finishes, and luxurious indoor-outdoor living spaces adorned with a modern pool, spa, fire pit, and detached guest house that sits just across the street.
A Coastal Contemporary Landmark
Eagle-eyed Del Mar residents know the house as a longtime city landmark, describing it as “one of the most prominent coastal contemporary beach homes on the West Coast,” per the listing.