A beachfront residence in Del Mar that was constructed within the early Nineteen Fifties and owned ever since by a pioneering San Diego household with deep ties to outdated Hollywood has been bought for $44.1 million, making it the most costly residence ever bought in San Diego County, in keeping with a information launch.
Constructed by Hollywood actual property developer C.E. Toberman – who was referred to as “Mr. Hollywood” – the ranch-style California seaside home at 2940 Sandy Lane additionally features a guesthouse, a indifferent condominium, a tennis court docket and a swimming pool on barely over one acre of land. In all, the property options eight bedrooms and seven-and-a-half bogs.
Toberman, who constructed the Del Mar retreat to host household and mates on weekends and holidays, was instrumental within the early growth of Hollywood. Within the Twenties, he based Hollywood Bowl and Grauman’s Chinese language Theatre, amongst different establishments.
He’s the maternal grandfather of well-known San Diego civic stalwart and enterprise chief Charles “Kim” Fletcher, who resided on the residence for a number of years together with his spouse Marilyn earlier than his passing in 2019 on the age of 91. For many years, Fletcher served as president and CEO of Dwelling Federal Financial savings & Mortgage, which he grew into San Diego’s largest monetary establishment. A tireless supporter of San Diego, Fletcher served as president of the United Manner, as a trustee of the College of San Diego, and on the board of administrators for SeaWorld and Sharp Healthcare. He additionally actively supported the Mt. Soledad Nationwide Veterans Memorial, the Boys & Women Golf equipment of San Dieguito, the Boy Scouts of America and the Salvation Military, amongst many different organizations.
Fletcher’s paternal grandfather, Col. Ed Fletcher, served as a director of the 1915 and 1935 Expositions in Balboa Park. He helped develop Del Mar, Solana Seaside, Mt. Helix and Fletcher Hills, and was instrumental in creating the Lake Hodges, Lake Henshaw and Cuyamaca reservoirs. He additionally served as a California state senator. Kim Fletcher’s father was Charles Okay. Fletcher, who represented San Diego as a member of the USA Congress. He additionally based Dwelling Federal Financial savings & Mortgage. Each Fletcher Cove in Solana Seaside and Fletcher Hills in La Mesa are named for the household.
Actual property dealer Brian Guiltinan of The Guiltinan Group represented each the customer and the vendor on this historic transaction. “This property stands as one of many largest beachfront parcels in California and it’s on probably the most lovely stretches of shoreline in America,” stated Guiltinan within the information launch. (The client was not recognized within the information launch.)
“The Fletcher household has a wealthy historical past in San Diego and a deep love for this neighborhood,” stated Wendy Fletcher Dyer, Kim Fletcher’s eldest daughter, within the information launch. “We’ve been blessed to name Del Mar and the better San Diego space our residence for many years and we have now so many great reminiscences right here, from 4th of July celebrations on Sandy Lane to driving horses on the seaside.”
As a younger woman, she frolicked with Desi Arnaz and Lucille Ball at their trip residence simply down the seaside and performed on the sand and went rafting with their kids, Desi Jr. and Lucie. Additionally, she was taught the best way to play “Raindrops Maintain Falling on My Head” on the piano by legendary composer and songwriter Burt Bacharach, who additionally had a trip residence on the seaside there.
The sale marks the top of an period for the Fletcher household, which at one time owned a number of properties on Sandy Lane as a part of a household compound of types that included aunts and uncles in addition to shut mates. This residence, which was owned by the Traders Leasing Company – a Fletcher household firm that additionally owns plenty of profitable self- storage companies – is the final remaining Fletcher household residence there.
The record-breaking sale not solely underscores the enduring attraction of Del Mar’s oceanfront properties, but in addition highlights the experience and proficiency of The Guiltinan Group in orchestrating high-value actual property transactions.
Brian Guiltinan, whose in depth portfolio consists of collaborations with a number of the nation’s most prosperous households, has performed a pivotal position in almost each residential actual property transaction in San Diego County over $20 million.
Guiltinan additionally represented the vendor within the earlier record-setting residence sale in San Diego County. In 2020, a contemporary beachfront residence, additionally in Del Mar, bought for $43 million. — The Guiltinan Group information launch
