Rancho Santa Fe Association board agrees to move ahead with sale of Osuna property

By Karen Billing

The Rancho Santa Fe Association is ready to move with the sale of the house on the Osuna property. The board voted on March 1 to go ahead with the sale as all the conditions of the lot split have been met.

A request for proposals (RFP) will now be sent out to local real estate firms to find someone to represent the Association in the selling of the 3.3-acre property.

Jim Putnam, a member of the finance committee, said that after reviewing what like-properties have sold for in the Ranch he estimates the Osuna house could fetch anywhere from $1.8 million to $2.5 million.

The RSF Association could also include, as part of the sale, additional property down below the home that is not currently in use by the horse facility. Adding the additional land would not require another lot split but just a boundary adjustment, RSF Association Manager Pete Smith said.

As the result of a request from director Roxana Foxx, who is the board liason on the finance committee, Putnam also reviewed the horse facility that runs on the rest of the property’s 24.6 acres.

“It really is doing as well as could be expected. The fees are the highest level in the area, it’s 100 percent occupied and the boarders are happy,” said Putnam.

He said the only caution flags are that some of the buildings are very old and that one fence is down near the Valenti property.