Historic Locksley Hall in Belvedere Sells for $43.5 Million

A three-story Greek revival mansion on Belvedere Island known as Locksley Hall has sold for $43.5 million, according to property records, or roughly $4,710 per square foot.

The 9,200-square-foot home, at 440 Golden Gate Avenue, went for $4 million less than the Marin County record price it last notched in 2015.

The seller is listed as Golden Gate Holdings LLC, and the buyer as Belvedere IFP Properties LLC.

Before selling the house in August 2015, mining magnate Robert Friedland and his wife, Darlene, spent 10 years and more than $30 million renovating the house, according to Marin Independent Journal and notes from the website of Neal Ward, now with Compass, who marketed the property in 2015. The couple sold the house for $47.5 million, which was less than the $49 million asking price, but it was believed to be the most-expensive residential transaction of all time in Marin County.

Built in 1895 by a wealthy San Francisco banker, C.O. Perry, the home has five bedrooms and 8.5 bathrooms, a rose-cutting garden and a swimming pool with a vine-covered pergola. It features unobstructed 270-degree views of the San Francisco city skyline, the Golden Gate and Bay bridges, Angel Island and the bay.

The home’s 9,235 square feet includes 8,155 square feet in the main residence, a 600-foot guest house and a 480-square-foot pool house, per floor plans on Ward’s website.

“People in that price range are looking for specific things,” Matt Hughes, president of the Marin Association of Realtors in 2015, told the Marin Independent Journal that year. “Locksley is appealing because of its historic significance and its tax status.”

Locksley was restored to historical standards, qualifying it for the California Mills Act property tax reduction program, Hughes said.