Island home sets new Bay Area record

The Belvedere Island mansion sold for $47.5M

New York /
Sep.September 13, 2015 12:06 PM

The West Coast home of a billionaire has sold for $47.5 million, shattering local sales records. The record sale in the San Francisco Bay area is just $35 million.

The historic mansion on Belvedere Island in the San Francisco Bay is known as Locksley Hall, and it underwent a $30 million renovation, according to Yahoo. It has three stories, totaling 9,200 square feet, four bedrooms and nine bathrooms. It also includes a one-bedroom, one-bathroom apartment.

The seller was Robert Friedland, a miner of precious metals who bought the Marin County mansion in 1995 for $5.5 million.

The home originally hit the market asking $70 million. And it nearly sold for $65 million in 2007, before the housing market collapsed and the mansion fell out of escrow, according to Yahoo.

At $47.5 million, Locksley Hall sold for nearly twice that of Belvedere’s previous record holder.

The mansion was built in 1904 and has 360-degree views that include the Golden Gate Bridge, Angel Island and the San Francisco skyline. [Yahoo]Christopher Cameron


Related Articles

arrow_forward_ios
Elon Musk and 1355 Market St in San Francisco (Getty, Truebeck Construction, Twitter)
Twitter’s troubles aren’t helping San Francisco’s office market
Twitter’s troubles aren’t helping San Francisco’s office market
Elon Musk with 1355 Market Street (Illustration by The Real Deal with Getty, Google Maps)
Twitter sheds two-thirds of its HQ in San Francisco
Twitter sheds two-thirds of its HQ in San Francisco
Richmond, Coast Guard, San Francisco
Historic Bay Area lighthouse hiring full-time innkeepers
Historic Bay Area lighthouse hiring full-time innkeepers
(Getty)
SF could lose up to $200M in property tax revenue
SF could lose up to $200M in property tax revenue
From left: Pacaso co-founders Spencer Rascoff and Austin Allison (Getty, Pacaso Photos)
Pacaso lays off 100 workers
Pacaso lays off 100 workers
Remote Workers, Pandemic
City dwellers who fled during pandemic didn’t move far away
City dwellers who fled during pandemic didn’t move far away
Wu Xiaohui, former chairman, Anbang, in front of Westin St. Francis (left) and JW Marriott Essex House (right) (Getty Images, Flickr user: Eric Molina - via Wikimedia Commons, MusikAnimal - via Wikimedia Commons, iStock)
Moody’s trims $137M on Westin St. Francis valuation
Moody’s trims $137M on Westin St. Francis valuation
Essex Property Trust's Michael J. Schall (Essex Property Trust, iStock)
Essex Property earnings beat estimates as Bay Area rents recover
Essex Property earnings beat estimates as Bay Area rents recover
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...