Rancho Santa Fe Real Estate
Rancho Santa Fe has a rich history dating back to its founding in the late 1920s. After the Santa Fe Railroad’s early failed experiment in growing Eucalyptus trees, Rancho Santa Fe was established as a rural residential community with an emphasis on agriculture and on preserving the unique landscapes.
With an estimated (2010) median income of $188,859, it is on the list of highest income communities in the United States In 2011, Forbes reported Rancho Santa Fe as having the fourteenth most expensive ZIP code in the United States (down from second place in both 2006 and 2007), and fourth most expensive in California (most expensive California ZIP in 2007)
The community of Rancho Santa Fe was first established in 1928, and is commonly referred to as the “Covenant” by local residents. But the name “Covenant” actually came about because of how the community was created. At that time, a group of property owners entered into a mutual agreement to preserve and maintain the character of the community and its rare landscape features, and to uphold the quality of future architecture. This mutual agreement came to be known simply as the Covenant and now refers not only to the principal governing document, but also to the community itself.
Today, the Covenant of Rancho Santa Fe encompasses approximately ten square miles or approximately 6,730 acres, and is home to around 5,000 residents. Near the center of the Covenant area is the Village of Rancho Santa Fe, with shops, restaurants, other commercial businesses and the historic Rancho Santa Fe Inn.