Best way to realize owner occupied tax savings?

[Andrew Erickson]

My wife and I own a condo in San Diego. We are planning on upgrading to a "real" house soon  when kids come. We are going to hold onto our condo when we move. 

I see that we don't pay capital gains if we have lived in the home for two of the last five years. That is great! However, we'd like to own the condo for a very long time. Since California has very large gains I really don't want to pay taxes on all the gains. 

Is there a way to have my cake and eat it too? I expect to have over $150k in gains in a few years. Can I realize those gains and not pay taxes on them? And then pay capital gains after that? Would I have to sell the home and buy another one? Is there a way to sell it to myself or a holding company that I own maybe? 

Thanks!