As we wrote earlier this year:

Originally marketed by Sotheby’s for $47.5 million in 2012, the 3.4-acre Woodside estate dubbed “Woodhaven Manor” at 700 Kings Mountain Road – which was built in 1988 and includes a 12,000-square-foot main home, a 1,200-square-foot carriage house and a 1,000-square-foot guest house – was listed for $28.888 million in 2015.

Relisted for $23.988 million early last year, the estate was listed anew, but without an address, for $21.8 million this past October, a price which was reduced to $19.8 million in December.

And yesterday, the price for the estate was further reduced to $17.85 million or roughly 62 percent below the original asking price, a sale at which will be considered to be “at asking” according to all MLS-based reports and stats.

The list price for Woodhaven Manor is now down to $15.99 million, which is 66 percent below the price at which it was being marketed in 2012 but a sale at which would still be considered to be swimmingly “at asking!”

17 thoughts on “Woodside Estate Drops to 34 Percent of 2012 Price”
  1. I wonder how much of this devaluation is due to a generational shift in rich-people aesthetics. I.e. the Elon Musks and Travis Kalanicks of the world are done with this sort of architecture & landscape design, now finding it as dowdy and “period” as the rest of us see 1970’s fake wood paneling & related kitsch.

  2. The octagonal motif is grating. While it could be toned town, there’s no way to remodel that away.

    1. That, and the different rooms don’t gell together well. Each one feels like walking into a different set for stock photos / cover art for a mid-market interior design mag circa 1987.


  3. Strangest kitchen ever. It looks like a set for pairs cooking competitions.
    The oven exhaust vent is truly elegant. And where did the copper Jell-o molds go in the second photo?

  4. The 12,000 ft.² main home has only “4 En-Suite Bedrooms, 5.5 finely appointed Baths”, which is a pretty pathetic amount if you’re actually housing a family vs. just maintaining a trophy property.

    That 21,400 ft.² place in Los Altos Hills had five-bedrooms. There must be some unwritten rule of “modern” architectural thumb that as the floor area in increases, the ratio of total area to number of bedrooms decreases.

  5. If this was someone’s dream house, it’s actually kind of sad. Someone should have given them advice. Or maybe they wouldn’t take any.

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