Del Mar-based Masterpiece Realty Associates Inc. has been acquired by real estate brokerage company Coldwell Banker Residential Brokerage, the firm announced Tuesday. Financial terms of the deal were not disclosed.

Masterpiece Realty Associates, which serves clients throughout San Diego County, specializes in luxury homes, including ranch properties, golf course homes and ocean-front estates.

Coldwell Banker Residential Brokerage, the largest residential real estate brokerage in Southern California, is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY).

Under the terms of the acquisition, Masterpiece Realty Associates’ sales office will operate as Coldwell Banker Residential Brokerage, broker-owner Peter Lewi will affiliate with Coldwell Banker Residential Brokerage, and the 26 independent salespeople affiliated with Masterpiece will join Coldwell Banker.

Coldwell Banker Residential Brokerage operates more than 85 offices throughout Southern California and Arizona with about 5,550 independent salespeople.