La Jolla’s ‘Versailles’ Mega-Mansion Lists For $27.9 Million

The La Jolla estate locals know as the "Versailles of La Jolla" is back in the spotlight, carrying a price tag that matches its royal reputation. Built in 1929 and styled like a grand European manor, the property offers roughly 14,768 square feet of living space set on about 2.65 acres of formal gardens, sweeping ocean views and resort-style amenities, all for an asking price of $27.9 million.

What's for sale

According to the MLS brochure from Lund Team, the estate includes eight bedrooms and 13 bathrooms, nine full and four half, spread across roughly 14,768 square feet. The grounds cover about 2.65 acres and feature two guest homes, an authentic home theater, a game room with a golf simulator, spa and gym, a cabana beside a saltwater pool and a private tennis court. The current asking price is listed at $27,895,000, per Realtor.com.

Historic designation and the tax break

The estate holds a local historic designation and qualifies for the Mills Act, according to a City of San Diego staff report. The City of San Diego explains that a Mills Act contract prompts the county assessor to use an income based valuation, which can significantly cut annual property taxes. Public records list the home’s 2025 tax bill at roughly $16,892, per Zillow. Local coverage has noted that if the property were taxed at the full listing price without its historic status, the bill would be around $343,170, while a conservative Mills Act estimate would be closer to $60,000, a gap on the order of $283,170. The San Diego Union-Tribune details those calculations.

Backstory and who's selling

Originally built for Harold Muir, the property is woven into La Jolla history. Local listings and city documents credit architect Edgar Ullrich and landscaping that reflects the Kate Sessions era, adding to the estate’s old-school pedigree. The current listing is held by Compass agent Craig Lotzof, who told The San Diego Union-Tribune, "it's super unique. there's been nothing like this on the market. this is a house that evokes emotion." The grounds are gated, and showings are available by appointment through the listing agent.

Price history and what buyers should know

The home has not been shy about testing the upper reaches of the market. It first cycled on and off the market in 2024 at higher asking prices, topping out at $33,995,000, before returning at the current $27,895,000 figure, according to MLS records and public listings. Prospective buyers will want to factor in the Mills Act benefits alongside the added responsibilities that come with a historic designation, including preservation and maintenance requirements outlined by city staff. For more information or to request a tour, the listing names Craig Lotzof of Compass as the contact.