Despite a million dollar price cut earlier this year, and having last been listed for $18 million versus the $20 million which was paid for the Presidio Heights property in 2007, the listing for Halesy Minor’s 18,000 square foot mansion at 3800 Washington and its adjacent 2,600 square foot guesthouse has just been withdrawn from the MLS without a reported sale.
Modeled after Le Petit Trianon in Versailles France, the property had been listed for $25 million in 2012.
Having topped the list of the Top 500 Delinquent Taxpayers in California in 2013, Mr. Minor soon thereafter filed for Chapter 7 bankruptcy, listing liabilities of $50 million to $100 million and assets of $10 million to $50 million, including the home.
No word on whether or not the mansion will reappear on the MLS at the beginning of the year listed “anew,” or if Mr. Minor, now the CEO of a bitcoin venture, will be attempting to reclaim and remodel the home.
This place needs millions in renovations.
i drove by it the other day. it looks like it is peeling and flaking away
What a shame – a blighted mini-Versailles! Even time I go by it looks a little worse.
Previous comments on here were pretty damning. I noticed it was briefly in contract a few months ago. But considering that it’s a $20+ million, 3+ year renovation, and a potential foreclosure, buyers are going to continue to avoid… The home is pretty gorgeous (or it could be), but it’s a little over-the-top for an individual or family… It would make a lovely hotel or school…
What’s up with that penthouse addition? It doesn’t match the artistry of the original building at all. The original in Versailles doesn’t have this carbuncle either. It is as if an octuplewide trailer home got plopped on top of this gem.
That’s where the servants live. Many large places (e.g. the Elms) have something like this set back behind the parapet.
You really can’t see it from the street anyways.
White elephant, beyond rehabilitation. Tear it down and build two or three decent houses on the lots.