You Save: $705,000, or 12.8 percent!
Home Girl has news of this hefty price chop for the LEED-H Platinum Margarido House in Upper Rockridge. Last July, we heard whispers that owner Mike McDonald, who built the 5-bed, 5-bath house, would put the house up for auction starting off at $4.5 mil. Not long after, the eco-palace hit the MLS instead for the higher Buy It Now price of $5.5 mil. McDonald sounds cheery about his new prospects, saying whoever buys the house will be getting it for "a million-plus less than what it would cost to replicate."
· Whopping Price Cut for Green Super Home in Oakland [Home Girl]
· Margarido House [Website]
· Rumor Mill: Margarido Headed to Auction House [Curbed SF]