Category Archives: Mansions

255 New Listings In The Past 3 Days – Time To Go Shopping!

I thought I’d do a quick post directing you all to the easiest place to see the flood of new inventory just hit our market the past two weeks, specifically the past two days, including this $16,000,000 home at 298 Chestnut, and this $9,500,000 Modern Drooler at 16 Spruce.

As of today, there are about 255 new listings hit the market in the past 3 days…as a comparison, August saw 431 listings total for the entire month. Any of you buyers thinking about taking it easy this weekend…think again. Act quickly before you miss out.

BTW, these data tables are so easy and fun to sort, it’s just the thing for all of you real estate porn addicts. If you’re agent isn’t sending them to you, they should. Just sayin’.

Have a great weekend!

-New Listings on the market in the past two weeks [The Goods]

Northstar Ski Resort, Lake Tahoe Courting the High End Market in a Ski in/Ski out Paradise

Being a real estate writer has depressingly few perks. I don’t get free tickets to concerts or desert on the house at Michael Mina. The product I write about, you see, can’t really fit in a gift bag. Mostly, I get accused of being a Realtor (I’m not) or of being “in bed” with the NAR (which again, I’m not. That sounds exhausting, by the way.)

But two weeks ago this perk-less-ness changed. Together with several other writers from across the country, I was flown to Tahoe for an all-expenses-paid tour of/experience with Northstar’s new Home Run. Aptly named, the development is a system of homes built mid-mountain, far above the (pleasurable, but at times, overly popular) melee of the Village. No waiting in line for the lift, folks. The ski run awaits just a few steps from your back deck. Wake up, ski out. Sweet!

Still, sometimes when I see construction in the middle of a forest, no matter how spectacular that construction, I feel uncomfortable. You know this feeling?  Human guilt? But at least here, as with all Mountain Residences projects, East West developers aim for LEED certification for each home- and we were introduced to many trees (including my favorite, old “Grandpa”)  and rock formations that had to be protected, built around rather than pulled from the earth.

Construction with a conscience means I was better able to relax, take in my surroundings, which that day were sparkly- a cold blue sky setting the freshly falling snow ablaze, everything studded with tiny diamonds on fire. Between each of the Home Run residences lie trails, tunnels, and bridges- everything inter-connected.  It’s very exclusive-village-in-the-Alps:  charming architecture, soaring vistas, the hush of a thick blanket of snow.

Our group toured one model home, mostly complete, which you see pictured here. The view alone made me want to hide in the (huge! Sexy!) bathroom until everyone left so I could stay forever. So what if the water wasn’t hooked up yet? I had miles of it, frozen and pristine, for my private use right outside.

But we had plenty to look forward to, including a meal at the Ritz Carlton which also rests mid-mountain. Over course after course of carefully paired wine and cuisine (developed under San Francisco’s own, chef Traci Des Jardins), we learned that two of the custom home lots have already been purchased, one by a young “Silicon Valley tech” family (for some reason, I thought Zynga. Unconfirmed). We also learned what Northstar is doing to change its more “vintage” easy-going (read “affordable to the middle-class”) ski area image. Purchased by Vail (of Vail, Colorado), Northstar is in full luxury market upgrade mode, adding high –end shops, linking new developments with exclusive rights to the Ritz and Schaffer’s Camp, and planning to cut ski runs on Sawtooth Mountain whose verticality will do away, finally, with the “Flat Star” label.  Meanwhile, the wine and food kept coming. I was drunk on luxury.

The almost surreal opulence of it all was capped off by the gondola ride back down to the Village at Northstar, a full moon casting blue light over the snowy expanse.

Back home now, I offer you this story, and the skinny on Home Run, because if I had the money, I would buy in immediately. I can see Christmas up there with my parents and maybe the kids I’ll have one day. I can see a week there, just me and my man, in our hot tub sunk deep in the snow. I see summers on my bike, hiking with my dog, and many, many gondola rides to the Ritz.  And remember, I am just a real estate writer and teacher: not only can I actually not afford to buy one, I receive nothing if anyone else can and does, even if that person does so because s/he saw my story. And yes, East West wined and dined the writers. But that was two weeks ago. The wine’s worn off. The food’s digested. I can hardly be asked to give it back should I chose not to write about Mountain Residences.  But why would I choose that, when I can’t stop thinking about how cool they are?

3-4 bedroom, 1,900-3,200 square-foot, Home Run townhomes are priced from $1.6-$2.3 million. East West Partners anticipates Home Run move-ins to begin spring 2012, so that means right now. If you’re lucky enough to be in the market for your own private ski-in/ski out chalet just a short drive from the Bay Area, you should grab Alex, grab your skis, and head to Northstar.

Say hi to Grandpa as you ski by.

[Guest Post By Anna Marie Hibble...THANKS ANNA!]

Zynga Co-Founder Mark Pincus Sells Presidio Heights Pad For $8,200,000

[Editor’s note: I just realized I misspoke. The home is not in Pacific Heights, it is in Presidio Heights. Locals will know the difference, visitors might claim six of one half dozen of another. Regardless, the mistake has been acknowledged and changed.]

In other news to take us to the weekend, Mark Pincus, co-founder of Zynga, has sold his home at 3855 Washington. It just closed escrow for a mere $8,200,000 (originally asking $8,900,000).

Real estate haters will be quick to point out it spent a “long” time on the market (126 days), and was sold under asking, but I’d like to remind people that might be getting a little bit jaded…we’re talking eight million two hundred thousand dollars here folks! You think they’re trading that kind of property in Kansas!

Happy Aloha Friday. Enjoy the weekend. I’m out…and playing “Words With Friends”.

p.s. The buyer of this home, just like 2701 Broadway, came from a Zephyr Real Estate agent. Just sayin’….

2701 Broadway, On San Francisco’s Billionaire Row, Finds Its Billionaire Buyer

It’s big news for the Billionaires on Broadway. We have it on good intel that 2701 Broadway, a little house on the hill just down the street from the likes of the Gettys, Trainas, and Ellisons of the world (and let’s not forget a Monster of Rock), has found a buyer ponying up an undisclosed amount of cash (originally asking $32,000,000 then reduced to $28,500,000 and no longer listed on MLS) for this one of a kind, meticulously remodeled home, last sold in 1998 for $5,500,000.

Break out the bubbly, and call it all cash (pocket change really), some new billionaires are moving to Broadway’s Billionaire Row.











To the gentleman that said to me when visiting this home at 3577 Pacific (before it came on the market) “Zephyr Real Estate doesn’t have clients for this…” You’re right, Zephyr has clients for this instead. Congratulations to Anna and Dennis of Zephyr Real Estate for bringing the buyer to 2701 Broadway.

Just need that invitation to the housewarming party, and we’ll bring the Cazadores for fresh lime margaritas on the deck overlooking San Francisco, the Golden Gate Bridge, and the beautiful Bay!

-2701 Broadway, 7 bed, 7 bath, 16,400 sqft, asking $28,500,000 [MLS]
-Kirk Hammett Finds Buyer For His Pacific Heights Monster Den [theFrontSteps]

Wanderlust: Villa De Montaña In St. Helena. It’s Only $16,950,000

I mentioned this one a bit ago, and you can’t deny it “sounds” wonderful. But we never had a look inside the home, let alone inside the gates. That is until now.

Have a look at Villa De Montaña in St. Helena an let your imagination soar!

Currently not marketed on MLS, this home is on 20+ acres and surrounded by 1,000 acres of the Mayacama Mountains. Asking $16,950,000, it is a 32 room estate with 2 master suites, 4 guest suites, 3 offices, 10 bathrooms, a state-of-the-art gourmet kitchen, breakfast room, sun room, wine cellar, exercise studio, library, and the list goes on and on.

Although not decorated to my standards, the home is quite lovely indeed, especially this killer patio…

I’d love to come visit you on occasion and (insert British accent here) sip a lovely glass of Napa Valley wine on your lovely estate, and marvel at the exquisitely manicured grounds, enjoy delicious meals from your private chef, and form extraordinary friendships with your undoubtedly, absolutely delightful friends. Cheers…

For more details, visit Villa De Montaña, St. Helena, $16,950,000 on PocketListings.net.

-More Wanderlust [theFrontSteps]