A property once owned by hotel developer and former San Diego Union-Tribune owner Doug Manchester has sold for $35 million in La Jolla’s biggest-ever sale.
Before Manchester bought the property for $17 million, it was owned by the Copley family — also former owners of the Union-Tribune.
According to the Union-Tribune, Foxhill Estate was home to high-society dinner parties while owned by the Copleys, including once hosting President Richard Nixon. The property is adjacent to the La Jolla Country Club.
The original 2015 sale was only for the eight-acre Foxhill Estate, but Manchester purchased adjoining lots over time, bringing the total to 32 acres.
The Union-Tribune also reported that the 7007 Country Club Drive sales price tops the previous record by more than $10 million.
The property was purchased by an investment group called Foxhill Invco Two LLC, which includes Larry Hershfield, chief executive officer of San Diego-based investment firm Ranch Capital. Hershfield also serves on the board of several companies, including Hawaiian Airlines.
Manchester had been trying to sell the property, which boasts expansive ocean views, for more than three years. It had been marketed either as just the Foxhill Estate, or the full 32 acres.
At one point, the property was listed by Willis Allen Real Estate for $55 million.
The biggest sale in San Diego County was 2940 Sandy Lane in Del Mar, which sold for a record-breaking $44.1 million in October.