Purchased for $7,000,000 in 2004, the 4,836 square foot home at 333 Belvedere Avenue across the bridge in Belvedere returned to the market in early 2009 listed for $12,900,000. The property had been been refinanced in 2008 with a first mortgage for $4,650,000 and a second for $2,100,000 to which a third for $1,725,000 was added in July 2009.
Reduced to $9,950,000 in December 2009, to $8,950,000 in 2010, and then withdrawn from the market five months ago last asking $7,500,000, the one-time Blanding Estate Carriage House which was “beautifully transformed into one of Belvedere’s most prominent view-oriented residences” (according to its Sotheby’s listing) sold on the courthouse steps for $4,175,000 last week. But wait, there’s more.
While we can’t currently confirm, and perhaps a bit of bravado is in play, if a plugged-in reader’s source is correct, the multi-million dollar property “was bought by a neighbor with the intent of demolishing it to clear the view.”