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Phil Mickelson takes big swings in San Diego real estate market
Owns 21 acres in luxe Rancho Santa Fe neighborhood
Lefty has been taking big swings in the San Diego real estate market.
Professional golfer Phil Mickelson has amassed a large real estate portfolio in the Rancho Santa Fe neighborhood of San Diego over the past 20 years, the New York Post reported.
The 52-year-old Mickelkson began making inroads in the market in 2001 when he purchased his first home for $6 million. Although he later sold it at a slight loss in 2015 for $5.75 million, Mickelson had already acquired three additional properties by that time, the outlet reported.
Records show that Mickelson spent a combined $14.1 million in August 2005 to acquire a luxe five-bedroom, six-bathroom residence spanning over 13,000 square feet on 6 acres.
He also purchased a separate 4-acre parcel later that year for $3.4 million, bringing his total land ownership in Rancho Santa Fe to nearly 21 acres.
In 2020, Mickelson set his sights on the properties surrounding his existing holdings. After persistently pursuing the owners, he managed to secure a four-bedroom, four-bathroom estate spanning 4.3 acres for a hefty sum of about $25 million.
Additionally, he splurged on another adjacent parcel, covering nearly 7 acres, spending $25 million for a property that was listed at $12 million in 2021.
The Post also reported that Mickelson has also expressed interest in purchasing the estate of Steven Black, the chairman of Cisterra Partners. However, his attempts to acquire it have been unsuccessful, the Post said.
Mickelson — who has won 45 PGA Tour events, including six majors — famously split from the PGA to play for tour rival LIV Golf, a Saudi-backed venture; both entities, following acrimonious lawsuits and chirping between players, recently announced a merger.
Professional golfers can be active in the luxury real estate market. Justin Thomas, the winner of two PGA Championships, last month listed his 5,500-square-foot mansion at 5745 Pennock Point Road in Jupiter, Florida, for $3.65 million, twice what he purchased it for in 2016.
— Ted Glanzer