$65 Million Marin Home Sale
Dec 14th, 2007 by Ginger Wilcox
If you have been waiting for a price reduction to write an offer on Locksley Hall, the Belvedere Mansion , you are out of luck - it appears another buyer snatched it up for a mere $65 million . The historic home owned by mining magnate Robert Friedland has been on the market for three years. It is 12,000 square feet and sits on an acre of prime Belvedere real estate. According to the Wall Street Journal, the sellers accepted a full price offer. Amazing! The sale is expected to close in January. It if closes, it will be the largest sale in Northern California.
Ginger,
Wow. Quite a transaction. I’d like to be the lender on that - wouldn’t that be nice? Or you could just send me a few buyers like that … he he…
There are not too many buyers like that in the world!
With prices like that you don’t need too many buyers. What an amazing transaction.
It is amazing, but also remember the costs associated with carrying a $65 million home for three years!! Some big ones sell, some don’t.