$12.5-million ‘London Townehouse’-style Cow Hollow home finds a buyer
August 28, 2017
Just as the summer was kicking off, Pacific Union realtor Mary Toboni listed a four-story new-construction Cow Hollow home she described in the listing notes as “reminiscent of a London Townhouse.” “There are not townhouses in California like this,” Toboni explains. “When you enter the property you feel as if you are far away. It brings you into another state of mind—almost like you are far away in another country.”
And the city’s high-end buyers did feel far away—literally—as many were out of town for a good chunk of the initial marketing period. “Interest in the property was very strong at the beginning, then there was a lull due to the summer months. People were vacationing and away during the last week of July and first weeks of August,” Toboni says. “Many agents said, ‘I’d like to show it when my client returns from traveling.’”
Once mid-August hit, Toboni says she had several interested parties tour the property and one quickly wrote an offer on the 6,000-square-foot view home, which was listed for $12.5 million. Because the deal has not yet closed Toboni could not reveal the final sales price, but she did say that it would be a short closing and that she and her clients “were satisfied” with the offer.
The sellers must be comfortable with delayed gratification as this was a sale four years in the making. The property, with its original 1926 home, sold for $4.2 million back in 2013. It took the developers three years to get through the permitting process and another year for the actual construction of the brand-new property, which has numerous designer touches and irreplaceable north-facing views.
“Prospective buyers were more than impressed with the quality of work and the incredible design features. There are so many beautiful details and state of the art design work, from the baseboards to the etched steel hood range to the French and Italian imported wallpaper, that buyers were taking pictures just to remember,” Toboni says. “They were taken with the custom aluminum/stone composite bar, and the multiple outdoor areas, which were beautifully landscaped by Frank and Grossman. The incredible views from the top two levels are awe inspiring. Upon entering the top floor and seeing the views—it takes your breath away!”
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