Marin County’s Luxury Real Estate Market in 2016 – Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County’s luxury real estate market remained very active in 2016, with an impressive number of stunning, unique and exclusive properties changing hands. But don’t take my word for it,  I am inviting you to feast your eyes on the 10 priciest homes sold in the County this past year below.

First, however, let me put the market’s performance in 2016 in perspective as compared to the past few years. If you have been reading my blog, you know that I always like to look back at past years to help you better understand what today’s numbers truly mean.

After the 2008 market crash, the luxury market was pretty dismal and only 8 homes in the $5,000,000 and up price range sold in 2009. By 2012, the high end market had regained some momentum and there were 17 homes over $5,000,000 sold in 2012 and 15 in 2013. In 2014, the Marin County Luxury  Real Estate Market saw a large upswing in prices and the number of properties sold, with the number of homes over $5,000,000 more than doubling year over year, jumping from 15 in 2013 to 38.

Yet 2015 was the year when the luxury market really took off, riding the wave of the tech and economic boom in the San Francisco Bay Area, with 45 homes over $5,000,000 changing owners. 7 of these 45 sales were over $10,000,000, a first in Marin County!

2016 saw Marin’s luxury home sales cool down slightly, but not quite as much as San Francisco’s.  The Marin County entry level housing market experienced increasing activity while the upper end market softened a little. Across the board buyers were more cautious, and fewer multiple offers resulted from their more deliberate approach, resulting in a softening of prices.

It is interesting to note that Larkspur saw its first sale over $5,000,000 this year.

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Stay tuned for my very detailed 2016 Year in Review coming soon! In the meantime, feel free to contact me with any questions on any segment of the Marin market. Whether you are thinking of buying or selling a high end property or an entry level home, I am happy to help.

Now, as promised, enjoy the tour of the 10 most expensive homes sold in Marin in 2016. Please note the priciest one was sold off MLS.

1. 20 Glenwood Avenue, Ross

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Alyssa Taubman and Donna Goldman, Alain Pinel Realtors 

Sold off MLS for $15,000,000 or $1,171 per square foot. The 12,800 square foot 7 bedroom, 10 bath private estate was built in 1902 and sits on close to 2 level acres. It was owned by filmmaker, screenwriter, and actor Barry Levinson in the 1990’s.

2. 1860 Mountain View Drive, Tiburon 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Scott Woods, Bill Smith and Ann Aylwin, Pacific Union International

Sold for $13,000,000 or $2,889 per square foot. An icon of modern design, this recently completed 4,500 square foot, 4 bedroom 5 bath stunning home offers a prime location on a 1/2 acre with San Francisco, Golden Gate Bridge, Angel Island and Mt. Tam views. Presenting a masterful design with top of the line finishes, 11 foot ceilings,indoor-outdoor flow with Nana walls, decks and smart-home technology. Infinity pool, spa, outdoor shower, level lawn.

 

3. 185 Gilmartin Drive, Tiburon 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Bill Bullock and Lydia Sarkissian, Decker Bullock Sotheby’s International Realty. 

Sold for $12,000,000 or $867 per square foot. This gated, private, newly-refinished residence of 13,836 square feet offers a main house with 5 bedrooms, 5 full baths and 3 half baths, a recreation/media room, wine cellar, elevator, foyer with grand staircase, formal Living Room and Dining Room, library, kitchen/family area, master suite with lounge and fireplace. It also has a separate two level, 1 bedroom, 1.5 baths guest house has a kitchenette and a separate 1 bedroom 1 bath au-pair apartment. Beautiful curved pool, spa, sauna and steam room, tennis court, large level lawns, 4 car garage, 3 car carport & large motor court. Captivating views.

 

4. 68 Bridge Road, Ross 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Cj Spielman, Paragon Real Estate Group

Sold for $9,925,000 or $1,256 per square foot for $9,975,000. Owned by the legendary Phil Lesh of the Grateful Dead, the Bridge House, built in 1906 by Conrad Meussdorffer offers a once in a lifetime opportunity to live in an unparalleled setting on 2+ acres in the flats of Ross within a quick stroll to the coveted Ross K-8 school. Welcoming and warm, this 7,900 square foot, 7 bedroom gracious residence has been carefully updated to today’s standards yet remains respectful to the original design. Every window offers complete privacy and park like views of the gorgeous manicured grounds, and inviting swimming pool.

 

5. 266 Seadrift Road, Stinson Beach 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Sarah N. Butler and Gloria Smith, Oceanic Realty and Sotheby’s International Realty

Sold for $9,500,000 or $1,721 per square foot. A rare opportunity to own a spectacular beachfront home on 2 lots boasting spectacular views throughout of Pacific and City foothills. The courtyard is protected and offers views and an outdoor fireplace. The master suite wing also has a fireplace, outlooks, an office and an exercise room. The luxurious master bathroom features 2 vanities, a walk-in shower, walk-in closets. A truly rare offering of 2 prime beachfront lots that feature a 5,520 square foot stunning residence with uncommon privacy.

 

6. 108 Laurel Grove Avenue, Ross 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Tracy McLaughlin – Pacific Union International

Sold for $9,408,000 or $1,113 per square foot. Unrivaled 8,455 square foot Italianate Summer estate on 3 acres in the coveted flats of Ross! Completely renovated throughout! Extensive use of timeless designer finishes with all white marble kitchen & baths. The property offers great scale, a traditional floor plan (all 4 bedrooms up), a full guest house within the main house as well as a secondary detached 2 bedroom guest house! Private and quiet, yet just blocks from town and the K-8 school. Resort like with huge lawn, pool/spa, and entertaining areas.

 

7. 12 Upper Ames, Ross 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Tracy McLaughlin – Pacific Union International

Sold for $9,150,000  or $1,292 per square foot. Ultra-chic modern estate in the heart of Ross! The 7,082 square foot property has been completely restored with great scale, high ceilings, white marble, and a pleasing grey/white palette throughout! The home has been used extensively in print and commercial photo shoots.  5 bedroom main house + guest house+ pool house. Incredible resort like grounds with pool, spa, badminton, sport court, level lawns, and stunning views. Gated & private. In the flats just 2 blocks from school.

 

8. 133 Sugarloaf Drive, Tiburon 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Kouros Tavakoli, Decker Bullock Sotheby’s International Realty

Sold for $9,100,000  or $1,222 per square foot. This magnificent gated estate set atop exclusive Mt.  Tiburon boasts ultra chic interiors and world class views that span the Golden Gate bridge to the San Francisco skyline. Luxury abides in this 7500 sq ft, 4 bedroom, 7 bathroom opulent home. A full spa, replete with European elegance, affords the discerning buyer a coveted lifestyle. A rooftop deck, shimmering pool and soaring fountains further enhance the appeal of this premier property.

 

9. 170 Laurel Grove Avenue, Ross 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Arrian Binnings and Payton Stiewe, Pacific Union International

Sold for $8,745,000  or $1,128 per square foot). 170 Laurel Grove is a 7,750 square foot magnificent gated estate with 5 buildings located on a very private parcel. Altogether, there are 7 bedrooms, 7 baths of which 6 bedrooms and 4 bathrooms are in the main house. There are two guest cottages accessed by hillavator, a totally renovated pool house, and a detached garage with a legal loft space above. The property features a huge sprawling lawn, a rare and highly desirable feature due to the local topography. Inside is a huge wow factor-must see!!

 

10. 296 Beach Road, Belvedere 

 

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Marin County's Luxury Real Estate Market in 2016 - Sizzling Hot or Cooling Down?

Listed by Bill Smith and Ann Aylwin, Pacific Union International

Sold for $8,224,000 or $1,623 per square foot. Rare opportunity to own Landfall, a historic waterfront 5,066 square foot estate on Belvedere Island with generous deep-water dock and views of San Francisco Bay. Modern, yet character-filled amenities include 6 bedrooms plus au pair quarters, 5 full baths, gourmet kitchen, living and dining rooms, sun room, game/workout room and more. Grounds host lush gardens, patios and meandering paths with a two-car garage, workshop, shingled tool shed and hillside pergola.

 

Spring is right around the corner. If you are thinking of selling your home, it is not too early to start preparing it for market. I am happy to meet with you to discuss the best improvements to make to help you sell your home for the highest possible price.


About the Author: The article Marin County’s Luxury Real Estate Market in 2016 – Sizzling Hot or Cooling Down was written by Sylvie Zolezzi. I am an award winning, top producing Realtor specializing in luxury residential real estate in beautiful Marin County, just north of the Golden Gate Bridge.

I offer a wide range of innovative and comprehensive real estate solutions for buyers, sellers and investors, attracting clients who demand excellence—in marketing, negotiations, market intelligence—and a genuine concern for their needs. My association with Decker Bullock Sotheby’s International Realty allows me to provide a high-end luxury experience to all my clients at every single price point. It also empowers me to leverage the unique combination of Sotheby’s global resources, Decker Bullock Sotheby’s International Realty’s growing market share and local knowledge with my unmatched social media networks to provide highly personalized service and unmatched exposure to my clients’ properties locally and worldwide.

I would welcome the opportunity to work with you. I can be reached via email at Sylvie@YourPieceOfMarin.com or by phone/text at 415.505.4789.