Telegraph Hill's Villa de Martini Drops $2M, Clings to Dignity

It has been a long road for the Villa de Martini in Telegraph Hill. The Mediterranean-style villa, built in 1929 and loaded to the hilt with palazzo-style ceilings, travertine patios, European-style gardens, and a Tesla charging station tacked on much later, originally listed for $16 million one year ago. Since then, the property has undergone a series of price cuts, and is now looking for a full $5 million less than it first hoped for. The most recent chop, from $13 million down to $11 million, slashes another $2 million from the price, or the equivalent of about 20 Tesla Roadsters.

The current owners picked up the four-bed, three-bath (two-half-bath) villa in 2004 for $7.3 million. Since then, they've given the property a top-to-bottom sprucing—presumably that's when the Tesla charging station went in—while preserving the home's sumptuous details, from the silver-leaf vaulted ceilings in the living room to the Venetian hand-plastered walls and inlaid-wood floors. The home sits on an extra-large lot and, per the brokerbabble, has "a motor court which is designed to be tented for parties."

· Telegraph Hill Villa with Tesla Charging Station Drops to $13M [Curbed SF]
· 298 Chestnut St [Redfin]
· Telegraph Hill Home Lists for $16M, Has Tesla Charging Station [Curbed SF]
· 298 Chestnut [Official Site]