December 9, 2014
Tangerine Stinson Beach Dream
Having sold his Billionaires Row home in San Francisco to the Trainas for a record setting $35 million last year, former Tangerine Dream keyboardist turned real estate and natural resource investor, Peter Baumann, is now aiming to sell his contemporary Stinson Beach pad for $7.5 million.
Baumann purchased the four-bedroom beach house from restaurateur Bill Higgins (think Betelnut, Bix, Buckeye Roadhouse, and Fog City Diner) for $6.3 million in late 2008.
Overlooking Bolinas Bay and the Pacific Ocean, 276 Seadrift Road measures 3,650 square feet, a little over $2,050 per square foot at asking for the “Ferrari of Beach Houses,” according to the listing.
Comments from Plugged-In Readers
$2050/sq.ft., that’s a spicy meatball.
This sits on a half acre so $/sq.ft. isn’t the right metric. Still it seems quite spendy especially since it isn’t exactly a unique parcel.
How is this not a unique parcel? There are only a couple hundred houses in Seadrift and only a third of that on the Ocean. I would consider it pretty unique.
I was thinking that since there are about 100 other beachfront parcels nearly identical to this one on the same street that there’s plenty of opportunities if this one was missed
As for an example of what I’d call unique take a look this former officer’s quarters in the Presidio.
It is unique, MOD, but you can’t buy it.
Does it come with an actual Ferrari? 😉
I think this real estate will become more valuable over time but these are pretty pricey.
Peter Baumann is selling off SF properties. Is he bearish on SF?
UPDATE: The listing for 276 Seadrift Road has been withdrawn from the MLS without a reported sale.
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