Tuesday, December 18, 2007

Marin mansion to set record with $65M sale

Locksley Hall on the island of Belvedere in Marin County is under contract for the full asking price of $65M, and is set to close escrow in January. This is believed to be a record sales price in Northern California.

Not a bad "fixer upper" investment for the owner who purchased the property in 1995 for $5.5M and then sunk $32M in renovation costs. The rich get richer...

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