40 Mesa Road, Bolinas (Image Source: lmsarch.com)

Asking as much as $3,700,000 in March of 2009, but re-listed for $2,650,000 this past January, the sale of 40 Mesa Road up in Bolinas closed escrow on June 17 with a recorded sale price of $2,225,000 (reported on the MLS as $2,250,000).

Purchased for $2,995,000 in April of 2005, it’s an effective 26 percent drop in value over the past five years for the William Leddy designed 3,021 square foot home on five acres with a design that’s part of SFMOMA’s permanent collection.

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