Record $35M Sale Of Doug Manchester's La Jolla Estate To Ranch Capital

The La Jolla property located at 7007 Country Club Drive, totaling 30.71 acres, was recently sold for a record-breaking amount of $35,000,000. This single-family asset boasts a substantial 22,897 square feet and was acquired by Larry Hershfield on behalf of Ranch Capital - Foxhill Invco Two LLC from the seller Doug Manchester. The transaction resulted in a price per square foot of $1,529.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $35,000,000
• Buyer: Larry Hershfield - Ranch Capital - Foxhill Invco Two LLC
• Seller: Doug Manchester
• Buyer's Representative: Lauren Gable, Ross Clark & Brett Dickinson - Compass
• Seller's Representative: Willis Allen Real Estate
• Address: 7007 Country Club Drive
• Market: La Jolla
• Size: 22,897 square feet
• Price per Square Foot: $1,529
• Asset Type: Single Family

The 32-acre estate includes a stunning 23,000-square-foot mansion complemented by orchards, gardens, and a gym. Following the acquisition, the new owners have outlined plans to develop additional luxury homes on the expansive property while ensuring the preservation of its low-density character, marking a pivotal moment in the history of the area.