With its six bedrooms, two-car garage, 5.5 bathrooms, sweeping views of the Golden Gate Bridge and access to some of the best schools in all of California, the mansion at 333 Belvedere Avenue in the tony San Francisco suburb of Belvedere has a lot to offer.
And relatively speaking, it was a steal at $4.2 million--down from an initial asking price of $7.5 million.
But the property presented a problem for neighbors Clark and Sharon Winslow, who purchased the house next door for $19 million in 2008: It blocked a portion of their view.
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So, naturally, the Winslows bought the house and demolished it in order to remove it from their home's line of sight. People in Marin are very serious about their views.
Two years ago, the previous owners of 333 Belevedere Ave., who paid $7 million for it in 2004, fell behind on their mortgage payments and Bank of America repossessed the house.
Olivia Hsu Decker, who lives nearby and has sold a bevvy of multi-million dollar homes in neighborhood as a realtor at Decker Bullock Sotheby's International Realty, told the Marin Independent Journal that the demolition will be welcome. "The house was pretty beat up anyway," she said. "The people hadn't lived there in the last two years."
The Winslows plan on turning the newly empty property into an open, grass-filled yard.
Last year, Bloomberg Businessweek named Belvedere the sixth most expensive small town in America.