Big Swinging in Sausalito Returns, Reduced

Designed by Michael Rex Associates and featured on the American Institute of Architects tour of Marin in 2012, as we wrote about the modern three-level Sausalito home at 525 Bridgeway Avenue, which is technically a condo, when it was about to hit the market listed for $4.998 million in early 2013 (and soon thereafter sold), the home’s open first floor features a living room with floor-to-ceiling windows, access to a south-facing patio (with grill and hot tub), and a high-end kitchen outfitted with concrete countertops, coated with an epoxy sealer for a glossy and protective finish.

Atop the second level with two bedrooms and two en-suite baths, the top-floor master suite features a wall of retractable glass overlooking the Sausalito and San Francisco Bay.

And through the swank master bath, there’s a private sandbox “beach” and deck:

And having returned to the market priced at $6.0 million this past May, a sale at which would have represented total appreciation of 20 percent since the third quarter of 2013, and then reduced to $5.499 in June, the list price for “the ultimate modern Sausalito residence” has just been reduced to $4.995 million, a sale at which would be a push in terms of total appreciation (but with some up and down between).