On the market for $100 million in 2013, the asking price for the 47.5-acre de Guigne estate at 891 Crystal Springs Road in Hillsborough, which includes a 16,000-square-foot mansion, has been dropped to $39.9 million.
And the condition that the buyer grant the seller, Christian de Guigne IV, a life estate in the property, maintaining his exclusive use of the property until he passes, has now been removed.
The mansion, which was designed by Bliss & Faville, the architects of the St. Francis Hotel and Pacific-Union Club in San Francisco, has been in the de Guigné family since commissioned in 1912.
The mansion’s interior was redesigned by Anthony Hail in the 1960s, but a number of original fixtures remain.
The ten-bedroom home includes five bedrooms for staff, Downton style. And in addition to a proper wine cellar, there’s a whiskey cellar as well.
A proposal by Mr. de Guigne to subdivide the estate and build 25 new homes upon the property, versus 10 new homes which the town’s general plan appears to principally allow, was floated in 2009 but never came to fruition.