December 26, 2007
Sitting On A Deck (Or A Dock) By The Bay: 210 Beach Road
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).
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).
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:
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