Over Asking but No Gain for $9M Ross Estate

Purchased for $9.3 million twelve months ago, the eight-bedroom estate on five acres at 12 Canyon Road in Ross returned to the market listed for $8.995 million last month.

And yesterday, the re-sale of the estate closed escrow with a contract price of $9.3 million, officially “over asking” but with no gain in value over the past year. We’ll note that a Redfin agent represented the buyers.

Built in 2006 with a large level lawn, outdoor kitchen, pool, spa and cabana, the home traded hands for $8.75 million in 2011 as well.