A Billionaire Built His Own Versailles on a California Cliff. Now He's Asking For $108 Million.

What if you could own a piece of history so exclusive, it defies modern regulations? Journey with us to the opulent world of billionaire tech mogul Darwin Deason as we explore the Sandcastle, a La Jolla mansion priced at an eye-popping $108 million. Discover the lengths Deason went to in crafting this architectural masterpiece—from a $60 million renovation complete with a now-unbuildable seawall, to a guest house inspired by Marie Antoinette’s Versailles retreat. We delve into the psyche of a mogul who imported Augusta National sand for his private beach, just to elevate his oasis to unmatched levels of luxury. Prepare to be captivated by the creativity and extravagance woven into every corner of this estate.

Uncover the motivations that might drive someone to part with such a luxurious sanctuary. Could it be that for Deason, the thrill lies more in the creation than in ownership? As we dissect this grand escape, we ponder whether the sale is simply another stepping stone for this billionaire, always in search of the next challenge. Tune in for a narrative that transcends mere real estate, offering insights into how homes can manifest dreams, ambitions, and a touch of flamboyance. This episode promises to be a fascinating exploration of how real estate becomes a canvas for imagination and innovation—even if it means letting go of a masterpiece.

Read more: https://sunrisecapitalgroup.com/a-billionaire-built-his-own-versailles-on-a-california-cliff-now-hes-asking-for-108-million/

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Transcript

Speaker 1: 0:00

Welcome back everyone Ready for another deep dive. Today we're heading to sunny California, la Jolla to be exact.

Speaker 2: 0:05

La Jolla beautiful.

Speaker 1: 0:06

To explore a mansion nicknamed the Sandcastle.

Speaker 2: 0:09

And get this. It's on the market.

Speaker 1: 0:11

It is if you have a spare, oh you know, $108 million lying around $108 million.

Speaker 2: 0:18

That's a steal.

Speaker 1: 0:19

That's the asking price. Yep Owned by billionaire Darwin Deason. And let me tell you, this place is the definition of extra.

Speaker 2: 0:27

Oh yeah, when a tech mogul decides to build a dream home, watch out.

Speaker 1: 0:31

Seriously, but before we get lost in the luxury, if anyone listening is thinking about dipping their toes into real estate, Always a good time for that. Head over to our website, www.2060.us.

Speaker 2: 0:42

We've got you covered.

Speaker 1: 0:43

We've got tons of resources to help you make smart decisions, whether it's your first condo or a vacation spot, whatever you're dreaming of. All right Back to this La Jolla Palace. What blew me away? First off, the size of this place Sprawling, and then the lengths Deason went to to make it unique. I mean, we're talking $60 million in renovations alone.

Speaker 2: 1:00

$60 million just on renovations alone 60 million just on renovations and get this. He added a seawall.

Speaker 1: 1:06

A seawall. Yeah, which they say you couldn't even build today because of regulations, so it's a piece of history. Wow, imagine having that kind of like exclusivity. Speaking of, did you read about the roof, the boathouse roof?

Speaker 2: 1:19

Oh, yeah, yeah, the imported slate.

Speaker 1: 1:21

Handpicked from a quarry in China. I mean, who does that?

Speaker 2: 1:25

That's dedication. It's incredible, and you know, for our listeners who are interested in, you know, getting into real estate.

Speaker 1: 1:32

Yeah, good point.

Speaker 2: 1:33

We actually have a full guide completely free for a limited time. It's all about navigating today's market.

Speaker 1: 1:39

What a deal you guys got to check that out. The link's in the description of this episode. Okay, back to the sandcastle.

Speaker 2: 1:46

Right right.

Speaker 1: 1:47

Every detail. It's like he poured over its beard no expense. What else stood out to you about this property?

Speaker 2: 1:52

Well, besides the obvious, you know the sheer opulence. What really got me was the contrast.

Speaker 1: 1:57

Contrast.

Speaker 2: 1:57

Yeah, it's luxurious, sure, but it's more than that. What do you mean?

Speaker 1: 2:00

It's more than that?

Speaker 2: 2:01

What do you mean? It's like he was trying to recreate specific experiences within the property, like take the beach, for example. He had it get this outfitted with the same sand they use at Augusta National.

Speaker 1: 2:13

Wait, he imported sand.

Speaker 2: 2:14

Augusta National sand for his beach.

Speaker 1: 2:16

For his private beach.

Speaker 2: 2:17

Yep, apparently, regular California sand just wouldn't cut it. Can you imagine? I mean talk about extra right. But it shows you something you know this desire to create an experience. He didn't just want a house on the beach, he wanted that Augusta National feeling.

Speaker 1: 2:33

That exclusivity.

Speaker 2: 2:34

Exactly, and it goes beyond the sand.

Speaker 1: 2:37

Oh yeah.

Speaker 2: 2:37

The guest house. It's modeled after Marie Antoinette's little retreat at Versailles.

Speaker 1: 2:42

Yeah.

Speaker 2: 2:43

Not kidding Even the bar it's a replica of the one on his yacht.

Speaker 1: 2:47

This guy, I swear yeah. It makes you wonder why even sell if you've put so much into it. You know.

Speaker 2: 2:53

Right. Well, from what I gather, he owns a few other properties, oh.

Speaker 1: 2:56

I'm sure.

Speaker 2: 2:56

A ranch in Texas, a lake house, a mansion in Cabo a yacht, you know the usual, Cabo a yacht, you know the usual.

Speaker 1: 3:03

So the sandcastle just another. What trophy.

Speaker 2: 3:05

Maybe or and this is just me thinking out loud maybe he got what he wanted. You know, the creation, the challenge of it.

Speaker 1: 3:12

Like once it's built, that's it.

Speaker 2: 3:14

Exactly what else is there. He's a billionaire, built a fortune. He needs a new mountain to climb.

Speaker 1: 3:21

And selling the sandcastle $108 million. That's a good start on the next project.

Speaker 2: 3:25

It certainly is no-transcript what do you mean? It's not just stuff right. It's about creating a feeling, an experience and maybe a little bit of showing off.

Speaker 1: 3:38

I see what you're saying.

Speaker 2: 3:39

Like he built his own world, you know.

Speaker 1: 3:41

Yeah, I get it.

Speaker 2: 3:42

Where the sand's perfect, the guest house is fit for royalty and the ocean view. Well, it's always there.

Speaker 1: 3:47

You've got a point. It's a peek into a whole other world.

Speaker 2: 3:50

For sure, and it got me thinking what would your dream place be like?

Speaker 1: 3:53

Oh man, let's see A snack drawer that refills itself. A library with a secret passage.

Speaker 2: 4:01

I like how you think.

Speaker 1: 4:02

Maybe not quite decent level, but hey, a girl can dream Absolutely and you never know. But in the meantime, for those of us, you know, dealing with real life, real estate.

Speaker 2: 4:22

We got to stay informed, make smart choices, like with that guide we mentioned. Oh yeah, that's right, that guide is gold people Seriously don't miss out. It's free for a limited time Link in the description. But for now, back to the sandcastle. There's something I wanted to get your take on.

Speaker 1: 4:27

Hit me with it. You know, something's been bugging me.

Speaker 2: 4:30

Oh yeah, what's that?

Speaker 1: 4:31

The property it's on what less than an acre 0.8,.

Speaker 2: 4:36

I think.

Speaker 1: 4:36

Right 0.8. For $108 million. That just seems I don't know Small yeah, like we're talking mega mansion but not mega property.

Speaker 2: 4:46

It is interesting, you're right, but remember what we said about the grandfathered features.

Speaker 1: 4:51

You mean?

Speaker 2: 4:52

like the seawall, exactly. That plays a huge role in the value that the location, the fact that you couldn't even build this stuff today. It's rare, incredibly. It's like owning, I don't know, a limited edition, whatever.

Speaker 1: 5:03

So, even though it's not like hundreds of acres, it's the scarcity that bumps up the price.

Speaker 2: 5:09

Exactly, square footage isn't everything in this world, it's what makes it special, you know.

Speaker 1: 5:14

It's like I'm thinking a comic book First edition versus a reprint Same story way, different value.

Speaker 2: 5:20

Perfect analogy and, in this market, exclusivity. That's what people want.

Speaker 1: 5:25

I guess that's how Deason gets to ask $108 million in Uppy Laugh Dad.

Speaker 2: 5:29

Bold move. Sure, but would it surprise me if he got close? Not really Makes you, but would it surprise me if he got close?

Speaker 1: 5:33

Not really it makes you wonder who's even in the running. You know to buy a place like that.

Speaker 2: 5:36

Talk about exclusive clientele.

Speaker 1: 5:39

Wow. Whoever gets it, though, they're getting a piece of I don't know history and a killer view.

Speaker 2: 5:45

And that sand, don't forget the sand.

Speaker 1: 5:46

That's right. A gust of quality right on the California coast. What a story.

Speaker 2: 5:51

It really is and for anyone listening, it just shows you the real estate market.

Speaker 1: 5:55

Full of surprises.

Speaker 2: 5:56

You said it Mansions or starter homes. There's always something new to learn.

Speaker 1: 6:00

So true. And speaking of learning, one last reminder about that real estate guide we mentioned. It's still available for free, for a limited time only.

Speaker 2: 6:07

Packed with tips. Don't miss out.

Speaker 1: 6:08

Links in the description. All right, everyone. That'll wrap up our deep