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WSJ’s Sarah Tilton covers Bill Smith’s $35M Spec Home

Northern California Spec Home Seeks $35 Million

A San Francisco art dealer is offer­ing a waterfront spec house-currently an undeveloped parcel with plans-for $35 million. Located in Tiburon, Calif., a bed­room community about 16 miles from downtown San Francisco, the 7.4-acre site includes views of the San Fran­cisco Bay as well as the Richmond­San Rafael Bridge. The sellers have approval to develop the land, and the plans for the home are under review by the Marin County planning division, said developer Serge Sorokko. Mr. Sorokko said he chose architect Stanley Saitowitz-an emeritus profes­sor of architecture at the University of California, Berkeley whose designs in­clude the New England Holocaust Me­morial in Boston-to design the house, which is due to be completed in 2019. Plans for the 8,000-square-foot house, shown in a rendering above, call for six bedrooms and 5½ baths, as well as a screening room, wine cel­lar, gym, infinity pool and guesthouse. Floor-to-ceiling windows look out at the sandy beach and the water on one side, and the rolling hills on the other. For buyers who want to build the home themselves, the asking price for the land and the plans is $12.75 mil­lion. Mr. Sorokko said the land is part of a 19-acre property that he and his wife, Tatiana, a model, fashion writer and couture collector, bought in 1999 for $5 million and then subdivided into five parcels. “I had this dream of hav­ing a development in Tiburon and using some of the architects that I con­sider artists,” he said. Mr. Sorokko added that he has plans for two more spec homes and is in talks with David Adjaye, whose work includes the Smithsonian Institution’s National Mu­seum of African American History and Culture, to design one of them. While nearby Belvedere is more known for multimillion-dollar sales, a $35 million asking price is not unheard of in Tiburon. “The Marin high end is pretty solid right now,” said agent Kristin Sennett of Pacific Union Inter­national, who isn’t affiliated with the spec home. Bill Smith and Scott Woods of Pacific Union International share the listing.

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