While the more Spanish styled Mediterranean Villa at 299 Santa Paula Avenue remains on the market asking $4,950,000 (versus $5,900,000 a year ago), the more Tuscan styled Mediterranean villa down the street at 200 Santa Clara Avenue has just hit the market asking $2,798,000 having been purchased for $3,250,000 in May of 2005.
From the listing: “Built in 1929 this magnificent Masten and Hurd designed masterpiece has been exquisitely refurbished and renovated perfection with great care to preserve its historical design.” And sincere bonus points for an “Estate-of-the-art” line.
A sale at asking would represent a 14 percent drop below its 2005 value for this St. Francis Wood home.
∙ Listing: 200 Santa Clara Avenue (4/5) 3,513 sqft – $2,798,000 [MLS] [Map]
∙ 299 Santa Paula Avenue: Still Muy Sweet But Now Under Cinco [SocketSite]
∙ Mi Casa Es…Muy Sweet (And Large): 299 Santa Paula Avenue [SocketSite]