The 15,000 square-foot custom built waterfront mansion on Belvedere Island in Marin County, California, boasts a view of the Golden Gate Bridge.
Terraces paved with fossil stone from India are accessible from most rooms on the main floor through oversized double doors. Technology executives paying discounts to listed prices have been active buyers of luxury properties this year in the San Francisco Bay area, where the growth of social-media and Internet firms including Twitter Inc.
In 2012, there have been 13 publicly recorded transactions for more than $10 million in exclusive San Francisco neighborhoods such as Pacific Heights, Presidio Heights and Sea Cliff, according to DataQuick, a research firm.
Sacks’s new residence, built in the style of a French chateau, was last purchased by Peter Sperling, incoming chairman of Apollo Group Inc.
In some cases, luxury discounts this year in San Francisco and the Silicon Valley are a reflection of aged homes built decades ago that needed extensive renovations, Crowder said. The Sea Cliff neighborhood is named for its location high above the Pacific Ocean, west of the Golden Gate. Other multimillion-dollar homebuyers this year include Mark Pincus, founder of online game maker Zynga Inc.
The region’s broader housing market is also showing strong demand, bolstered by the addition of 32,400 new jobs in the San Francisco metropolitan area in the year through November. Belvedere, about 17 miles (28 kilometers) north of San Francisco by car and less than a square mile in size, became a favored spot to build summer homes at the end of the 19th century, said Dave Gotz, archivist of the Belvedere-Tiburon Landmarks Society. Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty years. Stay informed about financial planning and investing issues that impact your life today AND tomorrow!


Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty years! Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. He’s expecting that one will turn up at an auction this weekend, with a starting bid set at $25 million.
28 (Bloomberg) –- A 15,000-square-foot mansion on Belvedere Island, an enclave north of San Francisco, will be put up for auction on Dec.
Other investors have been able to generate money before initial stock sales through the rise of secondary-share markets such as SharesPost Inc.
The house sold for $28.25 million, said Dona Crowder of TRI Coldwell Banker, a co-listing broker on the home. Sellers were also motivated by the prospect of higher capital gains taxes in 2013, she said. House and condominium prices in the nine-county Bay area last month rose almost 21 percent from a year earlier to a median $438,000, the highest since August 2008, according to San Diego-based DataQuick.
The seven bedrooms and living areas have mahogany flooring, and the nine full bathrooms are tiled with marble and limestone. The community, connected to Tiburon by a natural causeway so not technically an island, had the virtues of a warmer climate compared with the windy city.
Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine!
30 after the builder couldn’t find a buyer for the waterfront home he listed in January for $45 million.


Her listing on Broadway in Pacific Heights received higher bids in the past, including one earlier this year, which were rejected by the seller, she said. Terraces paved with fossil stone from India are accessible from most rooms on the main floor through oversized folding doors.
Once the global financial meltdown hit and the bottom fell out of the market, the number tanked to 6.7 million in 2008. Some older homes sat unsold for years before finding buyers, said Rick Turley, president of Coldwell Banker Residential Brokerage of Northern California. The total is more than double the $8.3 billion reached in 1999, the height of the dot-com boom.
Technology executives paying discounts to listed prices have been active buyers of luxury properties this year in the San Francisco Bay area, where the growth of social-media and Internet firms has created a new wave of millionaires. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc.
Walper said both the number of households with a net worth of $5 million and above and $25 million or more reached the highest numbers since Spectrem started tracking the figures.



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