Let’s have a peek at “the only luxury high rise in the village of La Jolla,” 939 Coast. Eponymously named for its oceanfront location along Coast Boulevard, the building is currently comprised of 153 units — though many, including top-floor units 21D and 21E, are the result of combining two or more smaller units.
“This fully remodeled double-unit penthouse redefines elegance and sophistication,” advertising materials promise. Situated at the southwest corner of the 21st floor, the unit spans more than 3600 square feet and “offers unparalleled views and the finest finishes throughout.”
An elevator leads directly to “your very own private floor entry, complete with exquisite foyer and double doors” opening into a home where “no expense was spared in the complete renovation of this spectacular unit.”
Newly-installed luxury touches include “Saffron Gold Limestone floors,” a sound and media system designed by home-automation specialist Crestron, “automatic self-timer sun shades for furniture and sun protection,” and solid mahogany doors two-and-a-half inches thick. These are just “a few of the countless premium features found throughout this unit.”
Other appointments include floor-to-ceiling windows on the unit’s exterior walls, built-in art display nooks and shelves, mirror-lined columns and gold-toned crown moulding.
And of course, the views themselves are a luxury, “encompassing the La Jolla hills, the village, and the famous cove” while offering residents “a picturesque, ever-changing backdrop perfect for entertaining or relaxing.”
Building amenities include a 24-hour doorman and concierge with valet parking in the two garage spaces that come with the condo. There’s also a “recently renovated pool patio with spa, built-in barbecue and fire pit, gym/sauna, billiards room, library, theater/party room, and two guest suites exclusively available to homeowners only. This building has it all, plus more.”
Those perks come at a cost, in the form of homeowners’ association dues in excess of $3000 per month, along with another $200 monthly in unspecified fees.
Access to such sky-high coastal living is limited — 939 Coast was originally constructed in 1966-1967, and in 1972 San Diego voters passed a measure capping the height of buildings in coastal neighborhoods (excepting downtown) at 30 feet, effectively ending high-rise development in the ensuing decades.
Public records indicate the current owner of the penthouse unit as the David Spencer Group LLC, a limited-liability corporation linked to David Nagelberg that operates a pizza restaurant in Del Mar. The property last sold for a reported $4.7 million in 2006, though its current tax roll valuation of just $3.6 million suggests Nagelberg successfully argued for a re-assessment during the real estate bust immediately following the purchase.
In early September, the unit was offered for sale with an asking price of $9.9 million, that remains unchanged to date and reflects the highest current ask for a condo anywhere in San Diego County.
939 Coast Boulevard, Units 21 D and E | La Jolla, 92037
Current Owner: David Spencer Group | Beds: 2 |Baths: 3 | List Price: $9,900,000