Bengals’ quarterback Carson Palmer buys Balboa Lot in Del Mar

By Marlena Chavira-Medford
Staff Writer

Cincinnati Bengals quarterback Carson Palmer is the new owner of the Balboa Lot, a coveted 22,000-square foot plot with sweeping views of the sea and lagoon that Del Mar auctioned off in September.

Palmer, who is also a former Heisman Trophy winner, made the winning bid via a representative back in September. Palmer’s name had been kept under wraps during escrow, though Friday a Del Mar city official confirmed he is the owner.

Palmer, who has lived in Del Mar for at least a year, purchased the lot located at 2160 Balboa Ave. for $4.4 million. Del Mar plans to use that money to pay off a $3.25 million debt on the Shores property, a park it financed in 2008. The extra money from the sale will be put toward funding a new lifeguard center, the city spokesperson said.

View from the Balboa Lot

Picture 1 of 6

Courtesy: City of Del Mar

Related posts:

  1. Del Mar officials will try to sell Balboa lot
  2. Sanders announces plan for nonprofit to help run Balboa Park
  3. Task force urges council to form nonprofit to assist in running Balboa Park
  4. Donation to Balboa park will used for garden upkeep
  5. City National buys 1st Pacific Bank

Short URL: http://www.delmartimes.net/?p=19213

Posted by Marlena Chavira-Medford on Dec 4, 2010. Filed under Del Mar, Featured Story, Real Estate Trends. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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