zzdcar
Home
/
Reviews
/
Culture
/
$2 Million Ferrari 250 GT Lusso Found In ‘Fixer Upper’ House For Sale
$2 Million Ferrari 250 GT Lusso Found In ‘Fixer Upper’ House For Sale-August 2024
2024-02-19 EST 22:11:54

A photo of a silver Ferrari 250GT Lusso sports car.

You know what it’s like as a potential new home — there are all kinds of weird features that you think about changing, tweaking or taking out completely. But what if you were looking around a place and unearthed ? Would that get the chop as well?

That’s exactly what happened at one California home, which was listed for sale by realtors Dana Bambace and Kimberly Ward. When the pair first inspected the two-bedroom, two-bathroom , they uncovered a vintage car hidden under a dusty tarp in the garage.

But, , this was no ordinary car. Bambace and Ward had just unearthed a 1963 Ferrari 250GT Lusso, one of just 350 built by the Italian marque. As the site reports:

“The fast luxury automobile, which was found in pretty good condition, was cleaned up — and now may be worth nearly as much as the refurbished house.

“The Ferrari and the home were owned by the late David Downs, a “brilliant” scientist who worked at Lockheed Martin, according to Ward and public records. The sellers, who inherited the property from Downs, their uncle, did not realize he still owned the valuable car.”

According to local , after Downs’ death in 2022 the house and car were passed to three heirs, who “had no intention to hold onto the valuable ride.” As such, Bambace put them in touch with classic car broker Andy Grundy, who inspected and confirmed that it was the real deal – and added that it ran well and was ready to drive.

A photo of the house on Auburn Ave that's for sale.

While the car needed very little work doing following the find, as it had reportedly been re-painted and was getting an engine rebuild “within the last 15 years,” the same wasn’t true of the house.

Since the Ferrari was found and removed, the Santa Cruz home has been heavily updated. This includes the installation of a new kitchen, bathroom, updated flooring throughout, and the three-car garage has been renovated. It’s .

, meanwhile, is expected to sell separately for between $1 million and $2.2 million. So, if you had the cash, which would you take?

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
2024 Kia EV9: What Do You Want To Know?
2024 Kia EV9: What Do You Want To Know?
At long last, we are about to get behind the wheel of for the first time. Sure, , and sure, , and sure , but hey — what can you do? Anyway, before we get behind the wheel of this three-row electric beast, we want to know what you...
Aug 16, 2025
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
closed its São Bernardo Plant in November 2023, marking the end of its first overseas production facility. The closure caps off a period of continuous car production in São Paolo, , lasting over 60 years. The plant was home to a Komatsu 700-ton press that predates itself. And now...
Aug 16, 2025
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
MotorWeek’s is some of the on the internet. The long-running automotive news magazine has a treasure trove of tests after being on the air for over 40 years. Where else can you find detailed instrumented testing of long-forgotten cars like the or a ? MotorWeek’s recent Retro Review upload is...
Aug 16, 2025
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I have two automotive loves: The first is the Miata, the second is off-road racing. For a while I raced air-cooled Volkswagens in the deserts of California and Nevada and I was lucky enough to co-drive in a class 11 stock bug in the Baja 1000 a few years...
Aug 16, 2025
Subaru Had It Right All Along
Subaru Had It Right All Along
When first came to the United States, it sold small funky cars that were decidedly un-American. As the company grew its own identity and became more established in the U.S., it became the first automaker to offer an all-wheel-drive passenger car in 1975. Subaru was also an early-adopter of...
Aug 16, 2025
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I love tiny, of . I have a that is roughly half the size of a normal cat, and she’s perfect. I own a 2013 , which is like the miniature version of a normal-sized vehicle (at least here in Texas) — but beyond that, I also own a Hot...
Aug 16, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved