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Historic Classic Colonial Lists For Utterly Staggering $85M

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Lovely and desirable as the region is, the San Francisco Bay Area just doesn't stack up—high-end real estate wise, that is—when compared to its glitzier metropolitan cousins. Los Angeles County has Fleur de Lys, an over-the-top palace asking $125M, plus not one but two mega-estates rumored to be quietly shopped around for $150M. Then there's Manhattan, where there's a $100M triplex penthouse that people are actually scoffing at, not to mention other homes in the $95M range. This morning, in fact, a unit hit the market for $75M on the Upper West Side—you know, just an average Friday. While Russian billionaire Yuri Milner dropped $100M on Silicon Valley digs last year, that sort of transaction is few and far between in this corner of the globe: as of April, the priciest home in San Francisco proper asked $38.5M. Wamp wahh.

Big day for the Left Coast: an estate in San Mateo County has been hoisted on the market for $85M. Built in 1941 for millionaire mining magnate James C. Flood, the 9,000-square-foot classic Colonial (with millwork, hardwood, and French doors) sits on about 92 acres—totaling more than $924,000 an acre, as the Wall Street Journal points out—that also include a two-bedroom caretaker's cottage, gatehouse, pool, tennis court, barn, and a church designed by noted landscape architect Thomas Church. The "rolling oak-studded hills, open meadows, and endless views" touted by the brokerbabble sound nice, but will they be enough to convince someone to spend $85M? Even for Woodside, one of the country's most affluent suburbs, this price point still seems unrealistic: the next priciest place in town is currently asking $39.5M.

· The Flood Estate [Gullixson]
· Historic Estate, Huge Price [WSJ]