The quickest way to find it is on the San Diego Daily Transcript (expensive to subscribe). I found it on a Google search for the address. Here is what it turned up:

San Diego Source > Real Estate07-0706942 — The house at 10586 Gaylemont Ln, San Diego, CA 92130, was sold on 11/06/07 at a tax value of $1000000. …

The problem, ILoveCarmelValley, is that we’re observing a moving target. Yes, maybe earlier this year $1.299 would be a decent listing price, but your neighbor is bringing their house on the market months after the Gaylemont house went on, and the market is just getting progressively worse. Not only will they have a $1M similar comp to deal with, but the bad seasonality (Nov/Dec/Jan).

Another Belmont (same plan as Gaylemont) recently came the market for $1.385 at 5560 Havenridge Way. It’s also backed up to Carmel Mountain Road. It’s nicely upgraded (incredible kitchen), but no way is it worth an extra $385K over the Gaylemont house. This seller has a serious reality check coming as well (IMHO).

If people want to sell their house in this market they need to price realistically for today’s market! Nearly everything I’m looking at in CV is priced $200K-$300K over market, and they’re just sitting there rotting away for the most part.

Again, I wish your neighbor luck. Maybe you can convince them to list for $1.199M (you did mention $1.2M in your post)? They’ll have a much better chance of getting it sold (again, IMHO).

Disclaimer: I’m not a real estate professional or market analyst, just an interested observer in CV!