NOT LISTED FOR SALE

545 Rimini Rd Del Mar, CA 92014

Estimated Value: $7,768,000 - $8,662,070

5 Beds
5 Baths
3,922 Sq Ft
$2,075/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $7,200,000 $1,836 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $49,037/month

34 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Cabana
  • Del Mar Heights School Rated A+
  • Home Theater
  • Two Primary Bedrooms

About This Home

As of July 2021

Timeless elegance situated on over-sized lot highlighting private grounds, stunning terraces and ocean views. Restoration of original 1929 wood beams and floors, coupled with the modern architecture of Joseph Sfeir blends beautifully. Perfect for the multi-gen family or those who entertain, this seaside escape offers 3 private villas with en-suite baths including a detached casita and add'l bonus room/office. Wood burning fireplaces, resort-style pool/spa & serene landscape. West of I-5, walk to village/beach. Rich in charm and elegance, this extraordinary Spanish Retreat remains a signature property in Del Mar's History. Original 1920's floors and wood beams remain preserved throughout the home, fused with the modern Spanish architecture of Joseph Sfeir. This exquisite home lives like a single level with Master Suite and Living all on one level with 3 additional private villas with en-suite bathrooms and a bonus room ideal for a music, art, office or 5th bedroom. Over 1200 square feet of terraces off the main living level with ocean views, outdoor fireplace, water features and breathtaking sunsets. You will find an additional 1200+sf of covered outdoor living space off the resort-like pool and spa. The sparkling pool features tile from the Hurst Castle; absolutely stunning with space to entertain and swim laps. One of the villas is a detached casita which can be leased for additional income or offered to extended guests who would like ultimate privacy. The grounds are beautifully maintained with private spaces to relax and meditate. The Himalayan trees will greet you with a pleasant aroma and add to the beauty of the lush landscaping throughout. This coastal compound is a sanctuary, a place to unwind and impress your guests. Additional features include the Chef's Kitchen, premier location, multiple wood burning fireplaces, historical significance, Master retreat and high end finishes. This property is extremely private, over the top in detail and design, and truly one of a kind. You will not find another home with this much character on the market today. This property is unmatched and ready for a true Real Estate Collector! What are you waiting for? In uncertain times, home has never been so important!

Last Agent to Sell the Property

Lindsay Dunlap

Compass License #01914054 Listed on: 05/04/2021

Compass

Last Buyer's Agent

Jenniffer Taylor

Pacific Sotheby's Int'l Realty License #01343352

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • Property is Fully Fenced
  • Level Lot
  • Private Yard

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Clay Roof
  • Wood Siding

Interior Spaces

  • 3,922 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Awning
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Interior Storage Closet
  • Home Gym
  • Ocean Views

Kitchen

  • Kitchenette
  • Updated Kitchen
  • Breakfast Area or Nook
  • Convection Oven
  • Six Burner Stove
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Maid or Guest Quarters
  • 5 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Cabana
  • Pool and Spa
  • Lap Pool
  • In Ground Pool
  • Gas Heated Pool

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter

Additional Features

  • Sprinklers on Timer
  • Detached Guest House

Listing and Financial Details

  • Assessor Parcel Number 300-390-09-00

Home Details

Home Type

Single Family

Year Built

Built in 1929 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Mediterranean/Spanish
  • Residential Styles: Detached
  • Property Condition: Turnkey, Updated/Remodeled
  • Market Area: Coastal North
  • Cross Street: Van Dyke
  • Neighborhood: Olde Del Mar
  • Supplement: Rich in charm and elegance, this extraordinary Spanish Retreat remains a signature property in Del Mar's History. Original 1920's floors and wood beams remain preserved throughout the home, fused with the modern Spanish architecture of Joseph Sfeir. This exquisite home lives like a single level with Master Suite and Living all on one level with 3 additional private villas with en-suite bathrooms and a bonus room ideal for a music, art, office or 5th bedroom. Over 1200 square feet of terraces off the main living level with ocean views, outdoor fireplace, water features and breathtaking sunsets. You will find an additional 1200+sf of covered outdoor living space off the resort-like pool and spa. The sparkling pool features tile from the Hurst Castle; absolutely stunning with space to entertain and swim laps. One of the villas is a detached casita which can be leased for additional income or offered to extended guests who would like ultimate privacy. The grounds are beautifully maintained with private spaces to relax and meditate. The Himalayan trees will greet you with a pleasant aroma and add to the beauty of the lush landscaping throughout. This coastal compound is a sanctuary, a place to unwind and impress your guests. Additional features include the Chef's Kitchen, premier location, multiple wood burning fireplaces, historical significance, Master retreat and high end finishes. This property is extremely private, over the top in detail and design, and truly one of a kind. You will not find another home with this much character on the market today. This property is unmatched and ready for a true Real Estate Collector! What are you waiting for? In uncertain times, home has never been so important!
  • Estimated Living Space: 3,000 to 3,999 SqFt
  • LP / Sq Ft: 1834.52
  • Price Per Sq Ft: 1835.8
  • SP/ Sq Ft: 1835.8
  • Stories: 2 Story
  • Ownership: Fee Simple
  • Total Stories: 2
  • Year Built: 1929
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Balcony, Bathtub, Beamed Ceilings, Built-Ins, Ceiling Fan, High Ceilings (9 Feet+), Home Automation System, Kitchen Island, Kitchenette, Pantry, Partially Furnished, Recessed Lighting, Remodeled Kitchen, Shower, Storage Space, Cathedral-Vaulted Ceiling
  • Flooring: Tile, Wood
  • Sub Flooring: Slab on Grade
  • Equipment Available: Dishwasher, Disposal, Microwave, Refrigerator, 6 Burner Stove, Convection Oven, Freezer, Ice Maker, Barbecue
  • Fireplaces: 2
  • Fireplace: Fp In Living Room, Fp In Master Br
  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Breakfast Area, Den, Dining Area, Dining Room/Separate, Exercise Room, Family Room, Formal Entry, Great Room, Guest Maid, Library, Master Bdrm 2, Master Retreat, MBR Entry Level, Media/Music, Office, Optional Bedrooms
  • Total Bedrooms: 5
  • Bedrooms: 4
  • Master Bedroom Dimensions: 19x15
  • Full Bathrooms: 5
  • Laundry Location: Laundry Room, Outside
  • Estimated Sq Ft: 3922
  • Total Bathrooms: 5

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Guest House: Detached
  • Patio: Awning/Porch Covered, Balcony, Covered, Deck, Stone/Tile, Cabana
  • Pool: Below Ground, Lap, Private
  • Pool Heat: Gas
  • Roof: Tile/Clay
  • Spa: Private w/Pool, Yes
  • Spa Heat: Gas
  • View: Ocean
  • Exclusive Use Yard: Yes

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 2
  • Non Garage Parking: Driveway
  • Parking Spaces Total: 4

Utilities

  • Cooling: Central Forced Air, Zoned Area(s)
  • Laundry Utilities: Gas & Electric Dryer HU
  • Security: Eqpt Owned
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heating: Fireplace, Forced Air Unit
  • Heating Fuel: Natural Gas

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: DEL MAR

Lot Info

  • Irrigation: Automatic, Drip, Sprinklers
  • Lot Size: .25 to .5 AC
  • Topography: Level, Slope Gentle
  • Assessor Parcel Number: 300-390-09-00
  • Estimated Lot Sq Ft: 14700
  • Estimated Number of Acres: 0.34
  • Other Structures: Guest House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2022
Sold by
Wilson Michael S and Wilson Melissa A
Bought by
M & M Wilson Family Revocable Trust
Current Estimated Value
$8,137,357

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 6, 2021
Sold by
Yayla Gala and The Gm Living Trust
Bought by
Wilson Michael S and Wilson Melissa A
Seller's Agent
Lindsay Dunlap
Compass
Buyer's Agent
Jenniffer Taylor
Pacific Sotheby's Int'l Realty
List Price
$7,195,000
Sold Price
$7,200,000
Premium/Discount to List
$5,000
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
Dec 30, 2019
Sold by
Yayla Gala M
Bought by
Yayla Gala and Gm Living Trust

Purchase Details

Closed on
Mar 13, 2019
Sold by
Yayla Gala M and Yayla Ibraham G
Bought by
Yayla Gala M

Purchase Details

Closed on
Jul 18, 2002
Sold by
Yayla Ibrahim G and Yayla Gala M
Bought by
Yayla Ibrahim G and Yayla Gala M

Purchase Details

Closed on
Mar 22, 2000
Sold by
Ingrid M Hoffmeister Gerald E Mwso M and Ingrid Hoffmei
Bought by
Twyver David Allen and Twyver Gwenyth Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%

Purchase Details

Closed on
Jul 18, 1994
Sold by
Hoffmeister Gerald E and Hoffmeister Ingrid M
Bought by
Hoffmeister Gerald E

Purchase Details

Closed on
Mar 25, 1994
Sold by
Hoffmeister Gerald E and Hoffmeister Ingrid M
Bought by
Hoffmeister Gerald E and Hoffmeister Ingrid M

Purchase Details

Closed on
Aug 28, 1992
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
M & M Wilson Family Revocable Trust -- --
Wilson Michael S $7,200,000 First American Title Company
Yayla Gala -- None Available
Yayla Gala M -- None Available
Yayla Ibrahim G -- --
Yayla Ibrahim G -- --
Twyver David Allen $1,720,000 Southland Title
Hoffmeister Gerald E -- --
Hoffmeister Gerald E -- --
-- $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Twyver David Allen $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2021 07/08/21 Sold $7,200,000 +0.1% $1,836 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $7,195,000 -- $1,835 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $70,220 $6,800,000 $5,769,000 $1,031,000
2024 $70,220 $6,600,000 $5,600,000 $1,000,000
2023 $77,943 $7,344,000 $6,120,000 $1,224,000
2022 $76,772 $7,200,000 $6,000,000 $1,200,000
2021 $30,555 $2,919,734 $2,292,864 $626,870
2020 $30,826 $2,889,797 $2,269,354 $620,443
2019 $30,218 $2,833,135 $2,224,857 $608,278
2018 $28,877 $2,777,584 $2,181,233 $596,351
2017 $28,331 $2,723,122 $2,138,464 $584,658
2016 $27,401 $2,669,729 $2,096,534 $573,195
2015 $26,804 $2,611,727 $2,065,043 $546,684
2014 $25,544 $2,491,939 $2,024,592 $467,347
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210011729

San Diego MLS

APN: 300-390-09