An uncertain future isn’t getting in the way of Philip Rivers’ off-field plans.
The San Diego Chargers’ starting quarterback recently purchased an eight-acre plot in Rancho Santa Fe, Calif., for $4.7 million. The seller was Stanley Westreich, founder of Westfield Realty Inc.
Found within Rancho del Lago, a gated community of about 40 large-lot estates, the gradually sloping site takes in views extending from the surrounding mountains to La Jolla, as well as a nearby reservoir.
The previous owner had commissioned Encinitas-based architect Don Edson to design plans for a 27,000-square-foot residence for the site, according to the listing details.
Westreich, through a limited liability company, bought the property in 2007 for $9.6 million, records show.
On and off the market for the past six years, the lot first listed for sale in 2010 for $10 million. More recently, it was priced at $5.75 million.
Jason Barry of Barry Estates was the listing agent. Shaun Worthen of Berkshire Hathaway HomeServices represented the buyer in the sale, which closed last month.
Rivers, 34, was “fired up” after chairman Dean Spanos announced in January that the San Diego franchise will remain in San Diego for at least the 2016 season. The Chargers have an option to join the Los Angeles Rams in Inglewood next year but remain committed to finding a solution in the city they have called home since 1960.
A five-time Pro Bowler, Rivers completed a career-high 437 passes for San Diego in 2015, finishing the season with 4,792 yards and 29 touchdowns through the air. Last year, he agreed to a four-year extension with $65 million guaranteed that will keep him with the team through 2019.
He owns other property in San Diego County.
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