A couple of months after closing on a mansion in the state’s capital, Gov. Newsom and his wife are selling their Marin County home.
The home in the affluent community of Kentfield is listed at $6 million and spans 4,000 square feet, according to the Los Angeles Times. Built in 1950, the property includes five bedrooms and five bathrooms, with a pool and sauna, and sits on 1.4 acres. It has a second-story deck with views of San Francisco Bay and Mt. Tamalpais.
While the governor has made the creation of affordable housing a priority, he’s looking to take full advantage of the hot Bay Area housing market. — the home is listed at $6 million. A sale near that price would fetch a hefty profit for the couple, who purchased the home for $2.2 million in 2011.
Newsom and his wife, documentary filmmaker Jennifer Siebel Newsom, closed on a 12,000-square-foot home in Sacramento in December for $3.7 million. Their family has been living temporarily in the Governor’s Mansion, a 132-year-old Victorian manor near downtown Sacramento.
Newsom took office in January amid a severe affordable housing crisis that has pushed out many middle- and low-income residents. At the same time, California is experiencing an influx of higher earners.
Newsom has ambitions for California to build 3.5 million homes by 2026, which would require significant upzoning statewide. He plans to withhold state funding from cities to push them to rezone in order to meet local housing goals. [LAT] — Dennis Lynch