Largest residential sale in San Diego County history marks a new milestone for coastal luxury

A newly constructed oceanfront estate in Del Mar has closed for $50 million, setting the record for the highest-priced residential sale ever recorded in San Diego County. The landmark transaction was brokered by Jason Barry, further solidifying the Jason Barry Team’s standing as the region’s leading authority in San Diego’s luxury estates and properties, according to a news release.

Completed in 2024, the modern coastal compound spans approximately 6,000 square feet across a main residence and guesthouses, positioned on nearly three-quarters of an acre with 75 feet of direct ocean frontage. Designed to the highest engineering standards, the property features a state-of-the-art seawall, expansive ocean-view terraces, and resort-style outdoor living spaces—offering both architectural distinction and long-term durability against the elements.

“This transaction signals a new benchmark for San Diego’s coastal market,” said Jason Barry in the news release. “When a $50,000,000 oceanfront estate trades hands, it not only establishes a record—it reinforces investor confidence in the long-term fundamentals of this market. Our buyer secured an exceptional asset that, while setting a record, still represents strong value with meaningful appreciation potential ahead.”

A Defining Moment for San Diego’s Luxury MarketThe record-setting sale underscores the ongoing rise of San Diego’s premier coastal markets— particularly Del Mar, long recognized as a magnet for world-class oceanfront estates. In recent years, Del Mar has consistently achieved transactions above $40 million, cementing its reputation as one of the most desirable and valuable stretches of coastline in California.

Industry observers note that milestone transactions of this scale often have a ripple effect across the broader luxury market. Following previous record sales—such as Jason Barry’s representation of a high-profile oceanfront purchase a few years ago—Del Mar and surrounding enclaves saw a surge in buyer activity, appreciation, and luxury development interest. Experts anticipate a similar pattern following this latest benchmark, as national and international capital continues to view San Diego as a stable, high-growth coastal investment corridor, the news release stated.

About the Jason Barry Team / Barry EstatesThe Jason Barry Team of Barry Estates, led by Jason Barry and partners Ryan McGovern and Kendra Gibilisco — a boutique brokerage focused exclusively on San Diego’s most sought-after coastal and estate markets — is headquartered in Rancho Santa Fe with over $6.5 billion in closed sales to date. The team leads the region in sales volume year-to-date and has consistently been recognized as the #1 team in San Diego across all agents, teams, and companies. Their record of performance includes multiple historic price records across Del Mar, Rancho Santa Fe, La Jolla, Solana Beach, and Carmel Valley, representing both buyers and sellers at the top of the market.