January 28, 2011
Like The Swallows To Capistrano, 830 El Camino Del Mar Returns
We never get tired of the image. If only we could say the same about the listing. That’s right, like the swallows returning to San Juan Capistrano, 830 El Camino Del Mar has returned to the MLS for the sixteenth time since 1998 without a single sale.
Asking $8,500,000 in 1998, the property hit a peak list price of $18,000,000 in 2008, was last listed for $11,500,000 in January 2010 and last asking $9,990,000 before being withdrawn, the price at which it's once again on the MLS in 2011 with an official
thirteen years "one" day on the market.
As a plugged-in reader notes, perhaps it's time to add a stanza or two to the poem.
∙ Listing: 830 El Camino Del Mar (2/2.5) - $9,990,000 [830elcaminodelmar.com]
∙ Would You Believe Fifteen For 830 El Camino Del Mar (And Not Million) [SocketSite]
Unlucky Lucky Number Thirteen For 830 El Camino Del Mar? [SocketSite]
∙ Behind The Great
Wrought Iron Wooden Gate At 830 El Camino Del Mar [SocketSite]
∙ Will The Twelfth Time Be The Charm? 830 El Camino Del Mar Returns [SocketSite]
∙ 830 El Camino Del Mar Moves Away From 2008 And Closer To 2002 [SocketSite]
First Published: January 28, 2011 2:00 PM
Comments from "Plugged In" Readers
has this place ever changed hands or has it just been listed many times?
Posted by: grumpy at January 28, 2011 2:36 PM
She's back again in 2011
Just a little more money
Sent up to heavan
A beautiful home
And that is for sure
But at nine nine nine (16)
It's a Realator chore
Here's to sitting open house
I'm sure with a grin
Why not pick an agent
Who hails from Marin
She sits up high firmly on rock
A sale at asking would make eyes pop
So we'd like to send best wishes to Decker Bullock
Posted by: A Poem at January 28, 2011 2:44 PM
Hey, if the owner only drops the price another $1.5M then at its 1998 price and will fly off the shelf.
right ? .... right ?
I think that this is a textbook case for a property that though has accumulated years "on the market" though it is actually never really authentically been on the market. No doubt over the past 13 years the seller has received at least a few realistic offers. Make me move.
(and the first two sentences of this article made me crack up. thanks)
Posted by: The Milkshake of Despair at January 28, 2011 2:53 PM
I believe it's been the same ownership throughout.
The owners are of some fame, with news articles written about them featuring their wine shop:
Posted by: sfrenegade at January 28, 2011 3:04 PM
This is getting a little silly... The sellers clearly aren't serious about selling this house. This is also the problem you have when you choose an agent with no proven track record of selling high end homes in San Francisco. I have the feeling that SF's own top agents won't even bother showing this thing. Decker's website is hysterically misleading... She includes several properties where she either lost the listing or where another agency took over the listing and sold it (Malin). And how many realtors have that albatross 2820 Scott on their websites?
Posted by: Denis at January 28, 2011 4:00 PM
The sellers clearly aren't serious about selling this house. This is also the problem you have when you choose an agent with no proven track record of selling high end homes in San Francisco.
"In ‘99 Malin
for 7.8 (2)
with a view
of the gate"
"Well well well
Later that year
Nina did appear"
According to the poems, they tried the top two agents in SF before, who failed. Why not try someone else?
Posted by: sfrenegade at January 28, 2011 4:47 PM
This is an interesting lot. I'd think it could command 2k psf. And it does seem to have some expansion potential as well.
Posted by: eddy at January 28, 2011 6:26 PM
Some idiot will eventually win the lottery
Posted by: EH at January 28, 2011 7:23 PM
I knew Nina had the listing in the late 90s... I'm thinking unreasonable/weird seller. I also don't see why this couldn't sell for 2k a foot. It IS a one of a kind house. However, I wonder if it is still possible to expand it? I wonder if the neighbors would be in an uproar if someone tried to change any of the features...
Posted by: Denis at January 28, 2011 9:05 PM
Both Malin and Nina have had this listing without a sale....Ohh and just about every other realtor in not only SF but the Bay Area. It clearly has nothing to do with who's represeting them.
Posted by: Jacob at January 29, 2011 1:05 AM
There is a class of people, when they buy anything, it is immediately for sale. That hamburger they just bought at McD's with one bite taken is for sale...at full list.
This would be an agent's nightmare. Unless you're curious, looking at this place is a waste of time.
Posted by: jon at January 29, 2011 7:40 AM
$2K psf on 3700, 7mil? Could they be that close? What's the highest psf in SF?
Posted by: EH at January 29, 2011 12:05 PM
Do we get guesses at what price this house might ACTUALLY sell?
Posted by: jlasf at January 29, 2011 12:14 PM
Not really. The market for houses located at 830 El Camino Del Mar is neither liquid nor efficient. Speculating about "fair market value" is useless in this context.
Posted by: Jimmy (No Longer Bitter) at January 29, 2011 12:35 PM
Well, 740 El Camino Del Mar sold for 5.4... about 1350 per foot (based on Property Shark's square footage). It went into contract almost instantly. This house is a certainly more unique. There's no reason this wouldn't sell for 6-7 million even in this market. A few view homes in Pac Heights sold for over 2k per foot over the past year, but I think they were either totally remodeled or in excellent condition.
Posted by: Denis at January 29, 2011 12:47 PM
740 wasn't othe cliff despite what the pics show. Also, another site has noted:
Approved plans for a new top floor would be on this roof the skylight would be removed and the space would be extended west and east producing an additional 4000 +/- square feet and views beyond the imagination.
so this does have expansion potential.
[Editor's Note: As we wrote two years ago:
Once again, two bedrooms and under 4,000 square feet, but "approved plans for a huge [penthouse] addition sure to be the world's most dynamic master" are included.
Our estimated cost to actually affect said addition on this particular home? Priceless...
That being said, we believe the touted addition would add closer to three thousand square feet rather than four.]
Posted by: eddy at January 29, 2011 3:06 PM
Could they be that close? What's the highest psf in SF?
How about 2901 Broadway, at about $4,500 per square foot or thereabouts, I think. And that's after one of the most recent asking price reductions. Of course, that's the asking price per square foot, and the place hasn't sold after being on the market literally for years.
Anyone know what the actual highest price per square foot actually paid recently is?
Posted by: Brahma (incensed renter) at January 29, 2011 10:10 PM
The highest price per foot for a SFR is still going to be the 08 sale of 2799 Broadway at a little over 2500 per foot. 300 Sea Cliff MAY have moved at close to 2700 per foot, but I think that house was larger than the estimated 6700 square feet. 2600 Pacific is going to be next at 2100 per foot. I don't know the square footage of 2342 Broadway, but I think it still sold over 2k per foot. There maybe a few mystery sales that sold in that range, but I can't confirm them.
I wonder what is the highest per foot sale of all time? It may still be the Getty apartment in Royal Towers which sold back in 99 for an estimated 3750 per foot (15 million for 4k square feet).
Posted by: Denis at January 29, 2011 11:45 PM
I think you mean the salmon of capistrano.
Posted by: lolcat_94123 at January 30, 2011 11:53 PM
Ha, these guys again? FYI, the owner is a total nut case. Seriously crazy, and has driven away numerous agents with his insane demands and terrible attitude. I pity the fool who has to go into escrow with this monster. You wonder why it's taken so long? Don't.
Two words: STAY AWAY!
Posted by: Billy at January 31, 2011 9:26 AM
Does anyone know why 740 El Camino del Mar, mentioned above by Denis, says not arms length on Redfin?
Dec 22, 2010 Sold (Public Records)
This was not an arm's length transaction $5,400,000
Dec 22, 2010 Sold (MLS) (Sold) $5,400,000
The listing agent double-ended the "sale." Maybe a trust transfer of some sort? The prior owner is Whs 1999 (Trust).
Posted by: sfrenegade at January 31, 2011 10:39 AM
Redfin gets that wrong all the time. I'm not sure what it is but there's some sort of glitch.
Posted by: [anon.ed] at January 31, 2011 10:46 AM
The former owner of 740 El Camino Del Mar was Walter Shorentein for decades.
Posted by: Contango at January 31, 2011 10:59 AM
My experience with comments like the one from @Billy is that it is a sign of interest and activity. I'm predicting 2011 will be the year for this place. $8.35M
Posted by: eddy at January 31, 2011 11:34 AM
Has anybody ever seen floorplans for this home? I would love to take a peek at them.
I often wonder if the flow of the home has anything to do with the marketability of this white elephant.
Posted by: Jayson at January 31, 2011 11:57 AM
"My experience with comments like the one from @Billy"
It's possible. A quick search suggests someone who posts as "Billy" tends to write on posts with ridiculously expensive or trophy properties. It also makes sense that such a person would think public disclosure of a public record is inappropriate.
There was also a billybobberkeley on one post regarding this property who also said something similar to Billy in this post.
Posted by: sfrenegade at January 31, 2011 12:49 PM
You guys are sleuths. Good job! Except for your assumption that public record disclosure is inappropriate. You are wrong wrong wrong.
I know the owner personally (unfortunately), and he's a [Removed by Editor]. So I tell people to watch out, bc he'll make any normal transaction a nightmare, and go out of his way to do so. Wether it be wine or his horribly gaudy house, you won't be let down.
Disclose all ya want! [Removed by Editor]
Posted by: Billy at February 2, 2011 12:00 PM
Oh, and by the way, I know for a fact there was interest from someone in the latter part of last year, and [the owner] rejected the 7 mil they offered him, so we'll see. I think he's still on the moon.
Posted by: billy at February 2, 2011 12:04 PM
Your comment on the other thread, made only a few minutes later, speaks for itself:
So nice of you to point out who the objector is. Next time you do something that is in within your rights, I'm going to point it out for all to see, despite the scrutiny you might receive.
Posted by: Billy at January 31, 2011 9:33 AM
Posted by: sfrenegade at February 2, 2011 12:14 PM
you're right, SF! I'm like a Robin Hood, but nastier.
Posted by: billy at February 2, 2011 12:35 PM
I would have rejected $7M as well.
The one day I take an early lunch and I miss out on all the edited out fun!
Posted by: eddy at February 2, 2011 1:52 PM
-90k, now listed @ $9.9 even
Posted by: eddy at April 4, 2011 1:26 PM
As noted above, the list price for 830 El Camino Del Mar has just been reduced. By $90,000 (1%). Now asking $9,900,000.
Posted by: SocketSite at April 4, 2011 1:35 PM
Off the Market. Probably just expired listing.
Posted by: eddy at June 1, 2011 10:07 AM
Now I think they are just messing with us. This did have a pending on the For Sail sign there for a while. Guess that didn't work out.
Back on market. $9,990,000
But we all know you could have this for $9.9 even.
Posted by: eddy at December 30, 2011 12:21 PM