- According to Mansion Global, a sprawling San Francisco-area home located in one of the country's most expensive ZIP codes just hit the market for $85 million, making it the priciest listing in the region.
- The home takes the title from 950 Lombard , which is still on the market after a price cut lowered the listing to $40.5 million. The city's current real-estate record is $38 million whichever property sells first will shatter the record.
- The recently-listed property, which is just north of San Francisco in Ross, sits on a five-acre lot and features a main house, a pool house, and a caretaker's house, according to the listing.
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An $85 million mansion in one of America's most expensive ZIP codes is poised to shatter the area's real-estate record — take a look inside
Compass
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The Bay Area housing market is bleak.
As Business Insider previously reported , even tech workers (who are generally paid well) say they are being priced out. And yet, extravagant properties just keep hitting the market.
In November, an estate that spans nearly 220,000 square feet in Ross, a town just north of San Francisco, was listed for $85 million, according to Mansion Global.
That price tag makes it the most expensive current listing in the area. It is currently priced at more than double the area's real-estate record. The home that holds the record was initially listed for $42 million and ultimately sold for $38 million . Another home, 950 Lombard, has been on track to break the record at its current reduced $40.5 million asking price, as previously reported by Business Insider.
The $85 million listing is held by Neal Ward and Glen Williams of Compass. Keep reading for a look at the five-acre property.
See Also:
- An estate in one of Florida's ritziest neighborhoods is on the market for $48 million and it could become the most expensive home ever sold in the ultra-wealthy community. Here's a look inside the sprawling mansion.
- Billionaire hedge-fund manager Steve Cohen is buying the New York Mets. Take a look inside the NYC condo that he recently sold for $30 million.
- The Obamas reportedly just bought a $12 million house on Martha's Vineyard. Take a look inside the 7-bedroom waterfront mansion.
SEE ALSO: The most expensive house for sale in America is a $225 million Bel-Air estate built by a rejected socialite and once owned by the founder of the Hilton empire. Take a closer look at the sprawling property.
DON'T MISS: Billionaire hedge-fund manager Cliff Asness just listed his Miami penthouse for $29.5 million only a year after buying it because he wants to upgrade to a bigger home. Here's a look inside.