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A new listing in Marin County has upped the ante on sky-high prices in the San Francisco Bay Area.
With an asking price of astronomic $85 million, this family compound in Ross, CA, takes the title of most expensive new listing on realtor.com®. And if it goes for anywhere close to the asking price, it will shatter real estate records in the area.
“Indeed, it would be the most expensive listing ever sold in Marin by far—the Belvedere, CA, sale at 440 Golden Gate for $47.5 million is the highest open market sale to date,” says Joel Goodrich, a San Francisco-based luxury real estate agent.
The Marin County sale Goodrich refers to happened in 2015 on a mansion originally listed for $49 million.
“Should 36 Glenwood Ave. in Ross sell for anywhere near the $85 million list price, it will easily set a new record for Marin County,” Marin County luxury home specialist Thomas Henthorne says.
He added, “Some may question the steep list price. However, superlatives fail in describing the estate. The lot size, manicured grounds, privacy, size of the home, the modern design, and level of architectural design/finishes make this property a rarity.”
For more context on this mansion’s outsize price tag, a $10.5 million July sale for a Ross mansion is the most expensive transaction in Marin County over the last six months.
Ross, with a population of about 2,500, is known as an exclusive enclave, with excellent schools, proximity to San Francisco, and a lovely walkable downtown of shops and restaurants.
What’s more, housing inventory is slim. There are only 10 listings currently available, and the second-most expensive home for sale in the town is “just” $22 million.
We recently covered a gorgeous midcentury modern residence in Ross that sold for $7.5 million after multiple price cuts, and included 1.4 acres, a tennis court, and a pool.
But this week’s priciest property offers the largest parcel on the Ross market, at just over 5 acres, with a main house, pool and poolhouse, and caretaker’s cottage.
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Built in 2012, the “exceptional private estate” in the heart of Ross, was created to be both “refined and relaxed,” the listing description notes.
The spacious spread offers a pool, tennis court, and a bocce ball court. The home is accessed by a motor court, and the home is surrounded by multiple terraces and patios, which expand the living space outside.
The layout features a total of nine bedrooms, 12 baths, and 21,988 square feet. Inside, you’ll find a living room with a fireplace, and glass doors that open out to the patio. In addition, the layout includes a formal dining room, kitchen, family room, office, media room, rec room, a wine cellar, and a bonus room.
Outside, a huge living space includes a lounge area and outdoor fireplace.
The grounds boast of being just “steps away” from open space trails. And the landscaped property includes mature oak and magnolia trees, bamboo, an edible garden and fruit trees, and rose and hydrangea gardens, lush lawns, and walkways. Ross Creek runs through the gardens for much of the year.
Owned by John R. Tozzi, the president of Cambridge Investment Ltd., this isn’t the only property he’s put on the market. The financier is also selling up a 600-acre ranch in Jackson Hole, WY.
Neal Ward and Glen Williams, both with Compass, hold the listing.
The post Most Expensive! $85M Marin County Compound May Shatter Local Records appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/trends/most-expensive-listing-85m-compound-marin-county/
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