Friday, November 16, 2007

Party at the Palace






Forget the clubs. Last night, the party was at the Palace in the Sky.

The listing agents for the penthouse at 645 Front Street rolled out the red carpet for a spectacular open house, inviting brokers and curious neighbors to admire the 4,300 mega condo in all its splendor. We arrived an hour after the party started, and it was already bursting at the seams with suited-up real estate agents mingling over wine and jaw-dropping views.

To be sure, the “Palace in the Sky” takes luxury to the next level. You couldn’t cram more over-the-top opulence inside if you tried. Located on the top floor of the Renaissance downtown, the condo sports a huge 1,500 square foot wrap around balcony with panoramic views of San Diego Bay, Point Loma and downtown. The hot tub fades (dangerously) away into night city views.

Sure, you get pano views from virtually every room, but you get more than that with the 12.5 million price tag. The two story main hall is filled with elaborately carved woods and Botticino marble floors, and all of the toilets are painted with GOLD. Yes, GOLD! The walls are made out of Venetian plaster. Other features include: a luxurious theatre room, hand-crafted fireplaces, and a wine cellar that accommodates almost 800 bottles of wine.

The master closet (walk in, of course) is lined with floor-to-ceiling mirrors, and the accessories storage is packed with more expensive purses than I have ever witnessed.

But…it’s 12.5 million. For a CONDO. Let’s put that in perspective. There are currently 50 properties in San Diego over 10 million, and quite a few at the 12 million mark, ranging from dramatic oceanfront spreads in La Jolla to sprawling estates in Rancho Santa Fe to Spanish style mansions in Coronado. Now, maybe it’s just me, but if I had 12 mill to drop, I’d be more likely to spend it in a sprawling oceanfront estate.

That being said, it’s hard to put a price tag on a one-of-a-kind property, and the Palace in the Sky, with its over-the-top amenities definitely fits the bill! Don’t believe me? Check out the website and the virtual tour.

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