Gov. Gavin Newsom has bought a Mid-Century Modern home in Marin County, billed as an “extraordinary luxury residence,” for $9.1 million — 7 percent more than its asking price.
An affiliate of the governor and his wife, Jennifer, bought the 5,600-square-foot house in Kentfield, in Ross Valley, the San Francisco Standard reported.
The seller of the three-level home at 224 Woodland Road was billionaire Daniel Pritzker, heir to the Hyatt Hotels fortune.
The six-bedroom, six-bathroom house, built in 1948 on nearly an acre, has floor-to-ceiling windows with views of Mount Tamalpais. It has folding glass doors and a chef’s kitchen.
The property also has a guest house, outdoor sculptures and a pool.
The home was listed in June for $10.75 million, then relisted in September for $9.5 million, with another price cut in October to $8.5 million, according to Zillow.
In June, news broke that Newsom’s children were moving from Sacramento back to Marin to continue their education, according to the Standard.
The deal was the fifth most expensive in Kentfield since 1999, according to Ryan Lundquist of The Sacramento Appraisal Blog.
The sale comes just one month after Marin’s biggest sale of the year: a Ross estate that sold for $23.5 million, according to The Real Deal.
Newsom, raised in Marin County, once owned a home in Kentfield he bought in 2011 for $2.2 million, then sold in 2021 for $5.9 million.
Celebrities, techies and venture capitalists have been drawn to Ross Valley in West Marin, where the school district is considered among the best in the nation. The late Phil Lesh, bassist for the Grateful Dead, lived in Ross Valley, as well as George Lucas and Sean Penn.
The typical price for a home in Marin in September was $1.76 million, a 17 percent increase from the previous month and a year-over-year increase of 7 percent, according to the county assessor’s office. Ross, near Kentfield, accounted for 1.6 percent of home sales in Marin last year, the least of any town in the county, according to the Standard.
Newsom, whose gubernatorial term runs until 2027, maintains a residence in Fair Oaks, a suburb of Sacramento.
— Dana Bartholomew
Read more
Residential
San Francisco
India’s “King of Good Times” sells Sausalito home for $14.4M
Residential
San Francisco
Home prices slip in Marin County while Bay Area prices rise
Residential
San Francisco
Bay Area housing market has 33 cities in the $2M club