Palatial California billionaire-owned estate hits market for whopping $108M

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A billionaire is looking to sell a palatial estate in Southern California called the 'Sand Castle.' He set the asking price at $108 million.

A billionaire is looking to sell a palatial estate in Southern California. The "Sand Castle" property that brings to mind the French Riviera carries a $108 million asking price, according to its listing with Brett Dickinson & Ross Clark of Dickinson-Clark Team at Compass. The 35,750-square-foot La Jolla, California estate has belonged to billionaire Affiliated Computer Services founder Darwin Deason since 2009, The Wall Street Journal and Bloomberg reported.

Compass’s Dickinson and Clark said the La Jolla housing market and luxury market "are exploding" as an increasing number of homebuyers from Los Angeles, San Francisco and foreign countries have been drawn to the community’s "climate, business and educational opportunities, and ease of family living." More than 3.2 million people reside within the broader San Diego County, according to the U.S. Census Bureau.

 

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