Listed for $39 million in September of 2014, 2800 Paradise Drive in Tiburon, a 14.5-acre parcel of undeveloped land with 2,000 square feet of San Francisco Bay shoreline and fully-entitled plans for a 15,000 square foot main home to rise on the site’s bluff, along with a 2,200-square-foot guest quarters and a 700-square-foot cottage, the driveways for which have already been poured, returned to the market in early 2017 with a $47 million price tag, positioned as one of “the largest remaining undeveloped residential waterfront parcel(s) in Marin County and possibly the entire San Francisco Bay Area.”
Reduced to $37 million in September of 2017, the list price for 2800 Paradise Drive was dropped to $29 million in 2018, to $25 million in 2019, to $24 million in 2020, to $19 million in September of 2021 and then to $17.5 million that November.
Relisted at $15.9 million early last year, the list price for 2800 Paradise was reduced to $14.9 million this past January and then to $12.9 million earlier this month, a sale at which would be over 70 percent below its price in 2017 but would considered to be “at asking!” according to all industry stats and aggregate market reports.
If I had a big budget and was looking for an off-grid compound 5-10 minutes from downtown Tiburon, this would be the spot.
Lack of municipal water is a problem…I wonder if the BCDC would object to an onsite desalinization system.
From the Introduction to Desalination And San Francisco Bay, dated Jan 2005, pg. 3:
Obviously, they wrote that with a municipal-level desalinization plant to address the Bay Area’s overpopulation in mind, not one dedicated to one (wealthy) person’s property.
Given the environmental impacts and the length of time since 1968, I don’t think they’d look too kindly on an application for a private single-site desalinization system, but it’s within the realm of possibility for someone with the means to pay hundreds of thousands of dollars in land use lawyer fees.
Seems like connecting to muni water would be better in the long term. Sure a long 1 or 2″ branch line to this parcel would be very expensive, but ultimately cheaper and less hassle than operating a desalinization plant for decades. And desalinazation still requires that you import the energy to run the plant. So why not cut to the chase and directly import the water?
There is a fire hydrant where the driveway meets the road, so apparently water is available. A thousand foot pipe to the site wouldn’t cost much compared to the rest of the costs.
This article describes an upcoming (at the time) no-reserve auction. I assume something interfered with that. It’s still listed on the auction site — but with no date.
is the site even eligible to connect to Muni water?
That was my thought, but w/ 14+ acres I would think it has room – somewhere, somehow! – for a leach field (even with what are likely sub-optimal conditions for one). And whatever the specifics, it’s already entitled for some fairly large structures….can’t imagine that has been overlooked.
The PDF describing the preliminary design includes discussion of a leach field.
perfect place for a 20K unit public housing project with dedicated ferry service?
UPDATE: The list price for 2800 Paradise has just been further reduced to $11.9 million, a sale at which would be considered to be “at asking!” according to all industry stats and aggregate market reports.