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South Bay’s most expensive, most mysterious property

The most luxurious and most expensive property currently available in the South Bay.
The most luxurious and most expensive property currently available in the South Bay.

Sitting on a one-acre lot that the listing office describes as the “highest point in Bonita,” the 9045-square-foot estate at 368 Surrey Drive is the most luxurious property currently available in any of San Diego’s South Bay neighborhoods.

368 Surrey Dr., Bonita, 91902

Listing price: $5,950,000

Beds: 7

Baths: 8

House size: 9,045 sq ft

The 2009-built home has seven bedrooms, eight full baths, and an eight-car detached garage with wooden doors that swing out rather than up to open, evoking images of an old-fashioned carriage house.

This hall of stone-and-brick inlaid walls leads to a stone wine cellar.

Other interior amenities include an elevator, a stone wine cellar with a seating area and tasting bar, a kitchen with a large center island and stone-and-brick inlaid walls, and a private theater with stadium seating for its individual leather recliners. A billiards room features a granite-topped wet bar with glass-faced beverage coolers.

Extensive work went into the finish details, including the wood-beam ceilings, “incredible” custom doors and windows, “designer paint” and wall finishes, and “unbelievable custom wrought iron” throughout the residence.

Outside, a rooftop deck offers 360-degree views, including a panorama of the downtown San Diego skyline and the Point Loma peninsula. The backyard offers several terraced patios for relaxing or entertaining surrounding the pool and spa, including a seating area around a large outdoor fireplace. A tile-roofed gazebo covers a full outdoor kitchen and second bar area, while the rest of the grounds are covered with grassy lawns and tropical plants.

Map

368 Surrey Drive, Bonita

368 Surrey Drive, Bonita

The home was built for Michael A.Vogt, a commercial real estate agent and developer and longtime South Bay local. Vogt and his wife Kellie own and operate International Real Estate Development in Chula Vista. Michael’s website states that he’s been involved in the development of $200,000,000 worth of commercial and industrial property, including the 450,000-square-foot Eastlake Design District.

In 2010, however, the property fell into default over non-payment of a $2.4 million deed of trust (public records also show a $1.5 million second loan recorded against the property). After several failed attempts to sell the property, it went to foreclosure in March of 2011 and was purchased from City National Bank by O P Properties, LLC, two months later for $1,950,000.

A web search turns up several property investment companies operating under the name “O P Properties,” the nearest one in Westlake Village, California. No information could be obtained about the parties behind the O P name, and no contact data aside from the Surrey property address is available via public records.

After holding the property for a period of about 18 months, O P listed the home for sale in December of 2012 with a posted asking price of $5,950,000. No response was received from the listing agent with regard to what, if any, improvements had been made to the property to justify the asking price more than tripling from what it most recently sold for, though the photos from the home’s previous listing when it was bank-owned indicate the condition was much the same at that time.

After over 200 days on the market, the list price remains unchanged, making the Surrey Drive estate the highest-priced home in the area by more than $2 million.

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The most luxurious and most expensive property currently available in the South Bay.
The most luxurious and most expensive property currently available in the South Bay.

Sitting on a one-acre lot that the listing office describes as the “highest point in Bonita,” the 9045-square-foot estate at 368 Surrey Drive is the most luxurious property currently available in any of San Diego’s South Bay neighborhoods.

368 Surrey Dr., Bonita, 91902

Listing price: $5,950,000

Beds: 7

Baths: 8

House size: 9,045 sq ft

The 2009-built home has seven bedrooms, eight full baths, and an eight-car detached garage with wooden doors that swing out rather than up to open, evoking images of an old-fashioned carriage house.

This hall of stone-and-brick inlaid walls leads to a stone wine cellar.

Other interior amenities include an elevator, a stone wine cellar with a seating area and tasting bar, a kitchen with a large center island and stone-and-brick inlaid walls, and a private theater with stadium seating for its individual leather recliners. A billiards room features a granite-topped wet bar with glass-faced beverage coolers.

Extensive work went into the finish details, including the wood-beam ceilings, “incredible” custom doors and windows, “designer paint” and wall finishes, and “unbelievable custom wrought iron” throughout the residence.

Outside, a rooftop deck offers 360-degree views, including a panorama of the downtown San Diego skyline and the Point Loma peninsula. The backyard offers several terraced patios for relaxing or entertaining surrounding the pool and spa, including a seating area around a large outdoor fireplace. A tile-roofed gazebo covers a full outdoor kitchen and second bar area, while the rest of the grounds are covered with grassy lawns and tropical plants.

Map

368 Surrey Drive, Bonita

368 Surrey Drive, Bonita

The home was built for Michael A.Vogt, a commercial real estate agent and developer and longtime South Bay local. Vogt and his wife Kellie own and operate International Real Estate Development in Chula Vista. Michael’s website states that he’s been involved in the development of $200,000,000 worth of commercial and industrial property, including the 450,000-square-foot Eastlake Design District.

In 2010, however, the property fell into default over non-payment of a $2.4 million deed of trust (public records also show a $1.5 million second loan recorded against the property). After several failed attempts to sell the property, it went to foreclosure in March of 2011 and was purchased from City National Bank by O P Properties, LLC, two months later for $1,950,000.

A web search turns up several property investment companies operating under the name “O P Properties,” the nearest one in Westlake Village, California. No information could be obtained about the parties behind the O P name, and no contact data aside from the Surrey property address is available via public records.

After holding the property for a period of about 18 months, O P listed the home for sale in December of 2012 with a posted asking price of $5,950,000. No response was received from the listing agent with regard to what, if any, improvements had been made to the property to justify the asking price more than tripling from what it most recently sold for, though the photos from the home’s previous listing when it was bank-owned indicate the condition was much the same at that time.

After over 200 days on the market, the list price remains unchanged, making the Surrey Drive estate the highest-priced home in the area by more than $2 million.

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Comments
5

I admit to feeling a little schadenfreude upon reading this.

July 24, 2013

I admit to not knowing what schadenfreude is.

Sept. 17, 2019

After over 200 days on the market, the list price remains unchanged, making the Surrey Drive estate the highest-priced home in the area by more than $2 million. They would have trouble selling at half the list price...

July 24, 2013

Nobody is going to buy that house, except maybe a dope dealer. For that price you can buy a house on the ocean in La Jolla.

July 27, 2013

Burwell, but thats the point! Wouldnt be the first in that neighborhood ...

July 29, 2013

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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