December 26, 2007

Sitting On A Deck (Or A Dock) By The Bay: 210 Beach Road

210 Beach Road, Belvedere Island

Okay, so 210 Beach Road isn't in San Francisco proper but rather just across The Bay on Belvedere Island. And it's not just a house, but rather a "compound" that consists of a 3/3.5 main house, a 2/2.5 guest house, a 1/1 Au Pair suite (below the three car garage), and a 1/1 boat house with private pier and dock (perfect for sitting by the Bay).

210 Beach Road: Plan

And while $11,500,000 might be out of reach for some (okay, so most), it is $5,000,000 closer than in 2006 when they were asking $16,500,000 (but didn't find a buyer).

∙ Listing: 210 Beach Road Compound (Belvedere) - $11,500,000 [Byzantium] [Plans (pdf)]

First Published: December 26, 2007 5:24 AM

Comments from "Plugged In" Readers

I think the reason this property has dropped is clear: Belvedere Island is no longer prime real estate. No wait! I've got it, the private drive is a busy street. Hold on! Bad location. Hmmm....

Posted by: Tipster at December 26, 2007 10:31 AM

Just to be clear...while listed for $16,500,000 in 2006 the compound never changed hands. And a drop in asking isn't the same thing as a drop in value (although it does speak to expectations).

Posted by: SocketSite at December 26, 2007 10:53 AM

Looks like the high end market is finally starting to crack!

Oh wait, this isn't Prime Pac. Heights so it doesn't count...

Posted by: Jimmy (Bitter Renter) at December 26, 2007 11:17 AM

On the other hand, this Belvedere Island home just sold at full price for $65 million:

http://online.wsj.com/article/SB119757552962127329.html?mod=pj_main_hs_coll

But this one doesn't count either because it's above $5 million. Oh, and "It was overpriced by at least $100k".

Posted by: blahhh at December 26, 2007 8:31 PM

Hello Island Hater(s) - Over value, under value, blah, blah, blah. My Belvedere home was purchased for one reason - It is NICE and we like it and we don't need to carry a note; does anyone buy on that impulse any more - nice, can afford and like it? I don't hold a note, so my mortage is less then yours plus I get awesome views of Angel island, the city etc.

Posted by: Michael L at January 2, 2008 4:50 PM

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