Phil Mickelson, five-time major champion golfer, has sold his Rancho Santa Fe luxury real estate for $5.725 million.
Mickelson and his wife, Amy, also own another home in the area. They have asked for as much as $12 million for this property during a previous attempt back in 2008. This November, however, the home returned to the market at about $6 million.
Jordan Cohen of RE/MAX Olson and Associates Estate Brokerage and Linda Sansone of Linda Sansone & Associates were attached to the listing, a Tuscan-style estate.
Located in the Covenant of Rancho Santa Fe, the home is 9,176 square feet with a blue-tiled pool and two guesthouses. Of course it has three-hole putting green on the property’s 4.55 acres.
With five bedrooms and six bathrooms, the home also features hand-carved stone fireplaces, walnut flooring, Albertini doors and windows, trussed beams, hand-cut and laid mosaic tiles, and leaded glass windows throughout the single-story home. Pepper and olive trees decorate the property.
Other lavish amenities include a chef’s kitchen, a library, an office, a safe room, an exercise room, and a sauna. The master bedroom features his and hers dressing rooms as well as a coffee and juice bar.
There is an outdoor kitchen and fireplace as well as large lawn expanses accompanied by vista views. The grounds of the property also features a pair of guest casitas, a four-car garage, and also a detached one-car garage.
Mike Mullins of Pacific Sotheby’s International Realty represented the buyers, Farson Trust and Bradford Trust, in the sale, which closed this past Monday. Mickelson and his wife sold the home for $225,000 less than what they paid for it in back in 2001.
Familiar with Rancho Santa Fe real estate, Mickelson was involved in purchasing the Fairbanks Ranch Country Club from its members in a partnership with U-T San Diego Publisher, Doug Manchester. They signed the letter of intent to purchase the course under the banner MMG (Manchester & Mickelson Group).
Why buy a gold course? The answer probably begins with the fact the price is right. It is a buyer’s market for golf courses, broker, Jeff Woolson, Managing Director of the Golf & Resort Group at CBRE, said. “The average golf course deal in the 2000s was somewhere between five and eight million [dollars]. The average golf deal right now is between one and three million.”
“Rancho Santa Fe is a pretty special place,” Woolson said. “It still has an affluent demographic that’s hard to beat. So there was a lot of interest and continues to be a lot of interest.”
Mickelson is also a member at Bridges, one of San Diego County’s finest clubs. It also makes sense that he lives nearby.
In the final edition of Battle at the Bridges, Retief Goosen made four birdies on the final six holes to give him and playing partner, Mickelson, the victory along with $500,000 each. Woods and his partner, Sergio Garcia, had to settle for $200,000 apiece.
Along with winning the 2005 PGA Tour, Mickelson, 44, has made more than $81 million on tour for his career. His 2015 debut will be taking place this month at the Humana Challenge in La Quinta.
With strong ties to the area, it is no surprise that Mickelson owns multiple properties/endeavors in the prestigious and beautiful expanses of Rancho Santa Fe. We congratulate Phil Mickelson on the most recent sale of one of his homes there.