Pacific Union International, an affiliate of Christie’s International Real Estate, has just implemented the Pacific Union International Market Snapshot Video Series. Wondering what’s happening in your area? Take a look at the current Bay Area real estate trends and conditions with our snapshot videos. They offer a quick, visual summary based on data sourced directly from your local MLS. Pick your favorite city and learn more about its latest trends. Just click here and select your favorite bay area town, city or zip code. Real Estate can be quite different by location so make sure you check out a few locations to get a better perspective on the overall Bay Area Real Estate market. A preview of the Larkspur Video is posted below. Jimmy Wanninger is available to answer area specific questions via phone at 415.990.8990
As we first reported six months ago:
A $4 Million Dollar View And Yard. Purchased for $7,000,000 in 2004, the 4,836 square foot home at 333 Belvedere Avenue across the bridge in Belvedere returned to the market in early 2009 listed for $12,900,000. The property had been been refinanced in 2008 with a first mortgage for $4,650,000 and a second for $2,100,000 to which a third for $1,725,000 was added in July 2009.
Reduced to $9,950,000 in December 2009, to $8,950,000 in 2010, and then withdrawn from the market five months ago last asking $7,500,000, the one-time Blanding Estate Carriage House which was “beautifully transformed into one of Belvedere’s most prominent view-oriented residences” (according to its Sotheby’s listing) sold on the courthouse steps for $4,175,000 last week. But wait, there’s more.
While we can’t currently confirm, and perhaps a bit of bravado is in play, if a plugged-in reader’s source is correct, the multi-million dollar property “was bought by a neighbor with the intent of demolishing it to clear the view.” The demolition of 333 Belvedere Avenue is underway with the four million dollar view and new yard coming along nicely.
4481 Paradise Drive, Tiburon – MLS# 21207274 – Price: $2,775,000
Beds: 6 Baths: 4.5 SQFT: 5,755
This New England Colonial exudes warmth & coziness, yet is large w/ room for all 5 bdrms (inc romantic master w/ sitting room), guest suite, 2 offices, pool, spa, sport court, putting green & 2500 bottle wine cellar. Grand scale entry w/ staircase opens to a perfect floor plan inc. formal living & dining rooms & fabulous kitchen-great room ideal for festive gatherings. Many rooms capture views of the Bay & the exquisite surrounding landscape.
This property is likely to sell from this list price in this market. If you are interested in taking a look please call Jimmy at 415.990.8990. We know the location, schools and weather well. In the meantime, happy searching!