Chargers quarterback Philip Rivers has passed on his eight-acre parcel in Rancho Santa Fe for $4.75 million. That’s a $50,000 uptick from what the seven-time Pro Bowler paid for the land two years ago, real estate records show.
Margins could’ve been worse for Rivers. The previous owner, Westfield Realty Inc. founder Stanley Westreich, bought the acreage in 2007 for $9.6 million, shopped it around for six years, and ended up selling it to Rivers for $4.7 million.
Under his ownership, Westreich commissioned plans for a 27,000-square-foot mansion designed by architect Don Edson. The land remains undeveloped for now.
A gate guards the...