"The Sand Castle mansion at 1900 Spindrift Drive in La Jolla hit the market in October 2024 with an asking price of $108 million and has yet to find a buyer. As of Thursday morning, the new price is $92.5 million. Billionaire Darwin Deason built the property to be his version of the Palace of Versailles in America. There is a private beach, carved stone columns, mosaics, marble floors, antique statues and more."
"Everyone that is wealthy looks at the price, looks at a deal, Dickinson said. Paying over $100 million for something, and paying something in the $90 millions, is psychologically different for a buyer. Clark and Dickinson said they are confident they will find a buyer. The pair broke San Diego records last year when they sold a mansion in La Jolla for $47 million."
The Sand Castle is a 13,000-square-foot oceanside mansion at 1900 Spindrift Drive in La Jolla with a private beach and lavish classical finishes. The property listed in October 2024 at $108 million and was reduced to $92.5 million after failing to sell. Billionaire Darwin Deason built the home to resemble a U.S. version of the Palace of Versailles. Family members are selling the estate following Deason’s death. Listing agents report 17 billionaire tours, emphasize marketing efforts, and express confidence that a buyer will be found despite the price reduction.
Read at www.sandiegouniontribune.com
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