Tag Archives: luxury real estate

Walking Distance to a “Wet Woody”

View from the Carnelian Bay Lakefront

If incredibly convenient access to Garwoods restaurant and bar and its iconic drink, the Wet Woody, is your cup of tea (or your cup of Wet Woody – and yes, that’s the last time I’ll use that phrase in this article), this lakefront property may be for you. Not only is this house right next door (stumbling distance) to Garwoods, but like the Carnelian Bay favorite, it is also right on the Lake.
A nice place to relax

The most amazing part of this story? You can own a prime piece of Tahoe north shore lakefront property for $1,325,000, or maybe less, $1.325 mil is the “asking” price.
Carnelian Bay Tahoe Lakefront

One million three hundred twenty five thousand dollars is a screaming deal for anything on the lake, let alone on the north shore in a protected and centrally located bay. While some may not appreciate having Garwoods as a next door neighbor, it doesn’t diminish the fact that the property sits on one of the most beautiful sections of one of the world’s most beautiful alpine lakes.

Carnelian Bay Lakefront Interior

Obviously its owners have come to the point where they are very, very serious about selling, but looking at its asking price history, that has not always been the case. The 4 bedroom, 2 bath home (with a 2 car garage) was originally listed at $2.5 million on March 6th, with the price coming down to $1,999,000 on July 28th. Its current price reflects a huge drop from the almost $2,000,000 asked in July, and a gargantuan drop from the original 2.5 million dollar original asking price! I asked Paul Smith, the listing agent, about these very substantial price drops, and his answer was simple: “They just want to get it sold!” If this price doesn’t do that, I don’t know what will.

Carnelian Bay Lakefront, Lake Tahoe, $1,325,000 [Lake Tahoe MLS]

[Chris Anderson is a Tahoe based writer and real estate professional. You can contact him at chris@tahoetruckeehomes.com or go to TahoeTruckeeHomes.com.]

When Thinking Real Estate, Think About Your Neighbors

It’s no wonder people want to live in the San Francisco Bay Area, because of our climate and general awesomeness, but did you ever stop for a second and take a look at some of your neighbors that also want to live here? Neighbors that just happen to be inventing products and services that are changing the world.

Haute Living has compiled their list of The 100 Most Influential People in the World’s Most Golden City…you know, the “most important entrepreneurs, thinkers, entertainers, creators, philanthropists, socialites, power couples, and, of course, billionaires” that just happen to be your neighbors. It’s some of these people that are buying our best slices of pie in the sky, creating jobs, and changing the world. Why wouldn’t you want to live where they live? Things are good here.

The list definitely worth a look and a consideration as to why real estate in the San Francisco Bay Area continues to outshine the rest of the nation and remains a very solid long term investment.

-<a href="The 100 Most Influential People in the World’s Most Golden City [Haute Living]

I Am A Top Producer! ~ B…F…D…!

topdog

It’s that time of year again…the time for the announcements and excitement amongst brokerages across the land of their “Top Producers”. Those two words send shudders down the spine of many Realtors as they conjure up thoughts of, “I’m good enough, I’m strong enough, and gosh darn it, people like me.” Given last year’s real estate environment, “Top Producer” status is being touted even more now as a reason to work with one Realtor over another, because if you made it in 2009, you must be a rock star.

We’ve always had a bit of an issue with the whole “Top Producer” thing. First of all, every real estate company has different thresholds that put their real estate agents on that pedestal. For example, a brokerage with two agents that each sell one property per year could call those agents “Top Producers”. Some brokerages determine “Top Producers” on the amount of commission earned (could be $50k, could be $150k). Still others determine their “Top Producers” on the dollar volume sold (could be $2 million, could be $20 million.) There is no industry standard, and the criteria change every year. Certainly a “Top Producer” in Kansas is selling less (or maybe more) real estate than a “Top Producer” in California. So you see, it’s a bit misleading if you ask us, and frankly we don’t think it carries much weight with buyers and sellers. We would be happy doing away with the whole thing altogether.

So why then is it such a big deal amongst agents and their brokerages? We tend to think it’s that old competitor in every agent that is striving to outdo their colleagues, and it’s just another way to say, “I kick more ass than you, because I sell more real estate than you.” Reality is, the buying and selling decisions aren’t up to the real estate agent, and if you’re being pushed into a deal in this environment by a “Top Producer”, especially if you’re buying, there might be some ulterior motives to “getting you in the home of your dreams”.

Bottom line, “Top Producer” in our eyes isn’t something that should carry as much weight as it does and you (the buyer and seller) certainly shouldn’t base your decision on working with an agent on whether they’re a “Top Producer” or not. You’re going to need to like the person first and foremost, because you just might be in that relationship for quite some time before you “close the deal”. ;-)

Just sayin’…..

[Editor's Note: I am a Top Producer.]

Metallica’s Kirk Hammett Finds Buyer For His Pacific Heights Monster Den

After what must seem like an eternity (we lost track of the days on market), we’re told the metal lair on top of Pacific Heights at 2505 Divisadero (originally asking $12,500,000 now just $8,995,000…it is on top of Pacific Heights and does include a sound studio and party room built for, and occupied by, Metallica for chrissakes!) has found a buyer.

Hammet

Was “The Black Album” conceived in this room…their worst album if you ask us, and all down hill from there. Give us “Master of Puppets” again!

hammetsound1

“Is that…Is that James? Is that James in the mixing room?”-Bonus points if you know which PUNK band has that quote. And no, it does not refer to James Hetfield (of Metallica).

hammetstudio1
Picture “Garage Days” and picture the parties…Metallica did party didn’t they? ;-)

hammettparty1

Who is the lucky buyer catapulting themselves into the home of one of the largest rock bands ever? Enquiring minds want to know….

If you want to see the party room pre staging and fancy photos, this is what we snapped back in 2007 upon first taking a look at the property.

Congrats to all involved in this one, especially Kirk Hammett.

[Update: We asked our source about the price and got this (no surprise) reply: “It’s a “confidential” sale… although we all know who sold it [Nina Hatvany], just no one is saying who bought. Word on the street is that Ronnie Garfield rep’d the buyer, but I don’t know for sure.”]

-2505 Divasadero [Property Website and Details]
-Fly On the Wall, 2505 Divisadero hits the market [sfn BLOG]

Who Is Tom Perkins And WTF Does He Have To Do With Us

Our recent scoop on the sale of both Grand Penthomes at the Millennium Tower (one that sold to mega millionaire venture capitalist Tom Perkins) has been getting quite a bit of press lately, and oddly enough we received this email today:

This is all great [referring to the sale of a ~$9,000,000 condo] I suppose, but who is Tom Perkins?

Apparently, theFrontSteps is more responsive and accurate than a quick and easy Google search on “who is Tom Perkins”, so, since you asked, we thought this video would give you some idea about the man, and his (former) yacht:

Don’t get us wrong, we love your emails and especially your tips (keep them coming to thefrontsteps@gmail.com), but sometimes we worry about some of you readers….in a good way, of course.