As we wrote in October of 2007:
57 months (no not days) after first hitting the market for $23,500,000, and nine months after undergoing an $8,000,000 renovation (and subsequently raising its asking price by $2,400,000), the list price on the Captain’s House (300 Sea Cliff) has been reduced by $3,900,000 and it’s now listed for $22,000,000. And yes, we liked the brick better as well.
As far as we know it never sold, but with new scaffolding wrapping the exterior a couple of weeks ago perhaps it’s preparing a return. Apparently those $8,000,000 renovations just don’t last like they used to.
UPDATE: A plugged-in sleepiguy confirms: “Yes, it’s coming back on the market. The remodel wasn’t quite 8 million. Very, very close, but not quite.”
∙ Ex-Listing: 300 Sea Cliff Avenue (5/5.5) – $22,000,000 [Sotheby’s]
∙ 300 Sea Cliff: $3,900,000 Reduction (After An $8,000,000 Renovation) [SocketSite]
∙ Top Five San Francisco Trophy Homes [SocketSite]
∙ The $8,000,000
Man Renovation [SocketSite]
∙ Another Chance At (For?) The Captain’s House (300 Sea Cliff Ave) [SocketSite]
∙ Checking In On 300 Sea Cliff Ave [SocketSite]