179 Scott Street, San Diego, 92106
Current Owner: Varasano Family Trust
List Price: $10,998,000
“Bring your yacht home,” invites a listing pitch for the waterfront estate at 979 Scott Street in Point Loma’s La Playa neighborhood. In addition to boasting one of only five private residential boat docks along San Diego Bay’s northwestern edge (two of which are currently listed for sale), the property includes a four-bedroom, five-bath residence with 4766 square feet of living space.
Potential buyers are promised exceptional views of San Diego Bay and the city beyond through the home’s “walls of windows and impressive terraces.” The home is within walking distance of Southwestern, Silvergate, and San Diego yacht clubs, restaurants, and Humphreys by the Bay. A quick car or boat trip lands one in the heart of downtown, and though the property is located just up the road from Lindbergh Field, it’s not under the airport’s flight path; thus, residents aren’t subject to the loudest of the jet noise that plagues many residents of the peninsula.
The “architecturally stunning masterpiece” of a home, originally built in 1990, boasts “meticulous construction and design,” courtesy of Rancho Santa Fe–based architect Ken Ronchetti. In addition to the “caterer’s kitchen” and laundry room with multiple washers and dryers, the “light, bright, and pristine” home features a teak-lined elevator, two wine cellars, and master-bedroom suites on each floor with “one of a kind luxury finishes, custom built-ins,” and an “Agape soaking tub/spa.” Luxury materials including Brazilian teak, quartz, and limestone are employed throughout the home’s modern design.
Designed for “exceptional indoor/outdoor living,” the home’s “expansive limestone waterfront terraces” open the home’s living spaces onto the bay and immediately adjacent Shelter Island via large retractable glass doors. Outdoor features also include a private palm-tree-lined courtyard with lap pool and water/fire features, an outdoor kitchen with Viking range and flat-screen television and “serene perennial gardens” bayside that feature fig, cherry, and citrus trees.
Public records indicate the current owners of the home to be the Varasano family. Patriarch Frank Varasano founded V-Vehicle, a company that sought in the late 2000s to manufacture lightweight, fuel-efficient cars but fizzled after federal loan guarantees failed to materialize.
The Scott Street property last sold in 2001 for $3 million. It was listed for sale for the first time in over a decade in June 2014, spending four months on the market with an asking price of $8.95 million. Several months after that listing failed to attract a buyer, the home was offered for sale again in early April, with the sellers reportedly entertaining offers between $8,950,000 and $10,998,000 — the price remains unchanged to date.