l shops, superior schools, ideal weather conditions, community center, and much more! It lies east of the City of Solana Beach, between the San Dieguito River and Escondido Creek. The Covenant and its neighboring San Dieguito River Valley environs are within the unincorporated areas governed by the County of San Diego.The Rancho Santa Fe Covenant encompasses a rough hexagon of about 6,200 acres. This land area has been subdivided and resubdivided into its current inventory of about 1,930 separate parcels. New subdivisions rarely add more than a handful of parcels to this inventory annually. While there exist Covenant parcels ranging in size from 5,000 square feet to over 30 acres, most parcels are in the size range of two to four acres.
The Covenant features a variety of topographic forms. Dissected sandstone upland ridges form the main spine of the community, and extend along the length of Linea del Cielo from the Village to the Covenant’s western boundary. Other steep slopes form ramparts above the San Dieguito River at the southeastern edge of the community. The remainder of the community is composed of gently rolling hills and drainages. This diversity of slope and site orientation has led to an equally diverse pattern of site use and the spectacular residential settings for which Rancho Santa Fe is noted.
Planning and respect for the environment have been hallmarks of the “covenant” from the beginning. Lillian Rice, a local architect, planned the subdivision, and her vision and meticulous design continue to guide it today. The winding roads were laid out to slow down drivers and ensure that they would enjoy the scenery. The Spanish Colonial Revival style of architecture was standard for all the public buildings. The school, library, the Inn, and the civic center were designed by Rice. She also designed a number of private residences in this style.
Rancho Santa Fe Golf Club
In the early 1900’s Atchison, Topeka and Santa Fe Railway Company purchased 8,796 acres on which to cultivate more than one million Australian eucalyptus seedlings for the manufacture of railroad ties.
Severe drought in 1912, followed by the worst freeze in 40 years killed approximately 70% of the trees. The railway company abandoned the project after new chemicals were produced to protect railway ties from decay.
The railway company then secured rights to a water supply and through its subsidiary, the Santa Fe Land Improvement Company, financed the development of a master planned community, which would be named Rancho Santa Fe.
construction of the golf course. Behr molded the natural contours and beauty of the terrain into a 6,700 - yard, par-72 golf course. The golf course opened June 5, 1929.Entertainer Bing Crosby began hosting the pro-am “clambake” in 1937.
The golf event paired celebrities and businessmen with professionals for a 36-hole weekend event. The “clambake” was held annually through 1942. The tournament moved to Pebble Beach in 1947 where it is now called the AT&T Pebble Beach National Pro-Am. Other prestigious events held at the Rancho Santa Fe Golf Club include the San Diego Open held in 1954 and won by Gene Littler, the 101st Edition of the SCGA Amateur held in 2000 and won by Scott McGihon, and the 2006 US Junior Amateur Championship won by Philip Fancis. In 2010 Rancho Santa Fe Golf Club will co-host the 99th California Amateur Championship with La Jolla Country Club. This will mark just the second time that the nation’s most prestigious state amateur golf championship will have been held in Southern California. (This year’s California Amateur will be played June 16-21 at Lakeside GC in Toluca Lake and Oakmont CC in Glendale; both of which are also Max Behr designs).
The Rancho Santa Fe Association took over operation of the golf course in 1934 and operated it for 25 years as a public facility. In 1960 the golf membership asked the Association to restrict the use of the golf course to Association members only and to lease the golf course operations from the Association. The Association agreed to restrict the golf club to Association members and in 1978 added the ownership of covenant property as a condition of membership, but it was not until 1987, that the Rancho Santa Fe Golf Club was established as a division of the Rancho Santa Fe Association with managerial, operational and financial responsibility for all golf activities.
The Course
Most recently, the golf club completed a 3.4 million dollar renovation of the golf course. Redesigned by David Fleming, the newly renovated course reopened November 1, 2002 to accolades from the membership and the professional golf community. This world-class course is plays 7,035 from the back tees, par of 72, and a course rating of 74.7. The course condition is second to none with greens running regularly at 10, and finely manicured Bermuda fairways. The greens are smaller with many false fronts and sides which require the player to hit precise iron shots, and have a delicate touch to save an up and down.
The timeless design of the course, combined with immaculate conditions, create a layout full of variety, challenge, and character. The course design is exceptional for walking and most members prefer it to riding. Walking the course is also the best way to experience the subtlety, beauty, and tranquility of this masterpiece.

Rancho Santa Fe
Rancho Santa Fe real estate (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for 92067 and 92091 zip codes) like most areas in the country, experienced change from 2006 through 2007. However, Rancho Santa Fe real estate was not affected to the same degree.
Generally, within Rancho Santa Fe, inventory levels or the total number of properties available for sale were on average 10% higher in 2007. However, new listings were only on average 2% higher in 2007. What accounted for the higher inventory levels were fewer sales and longer marketing times in 2007. Specifically, on average, the number of homes sold were down 15% with marketing times protracted by 11%. Thus, the higher inventory levels in 2007 were not driven by more sellers rushing to sell, but fewer buyers rushing to buy.
Del Mar
However, Rancho Santa Fe’s coastal neighbor, Del Mar (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92014 zip code) proved to be even more resilient from 2006 through 2007. In fact, generally speaking, Del Mar real estate exhibited unusually healthy market strength.
While many areas in California saw their real estate inventory levels (or the total number of properties available for sale) rise from 2006 to 2007, Del Mar inventory levels actually contracted, leaving on average fewer homes available for sale in 2007 than 2006, even though average marketing times increased 11%.
Part of what contributed to create these lower inventory levels were fewer new listings or homes being put on the market. New listings fell by approximately 9% in 2007. Del Mar’s lower 2007 inventory levels were also created by an increase in the number of homes sold in 2007 versus 2006. Specifically, 166 homes were sold in 2006 compared to 193 homes in 2007, resulting in a 16% year-to-year increase in sale count. Thus, even though longer marketing times can exaggerate inventory levels it was not enough to offset the fewer number of new listings and greater number of sales in 2007.
But the news gets even better. On the valuation side, Del Mar experienced an increase in average homes sales value of approximately 3.2%. Apparently, Del Mar sellers were aware of the supply reduction in 2007, because average original listing prices were higher by 4.2% and sellers sold closer to their original listing prices in 2007 than 2006. Specifically, for those homes that actually sold, sellers in 2006 discounted their original listing prices by approximately 10%. Yet, in 2007, sellers discounted their original listing prices by only 9%. Comparatively speaking, 2007 Del Mar real estate was bright. Not only were more homes sold in 2007, but at a higher average sales price as well.
