The five-figure rental is the narrowest of all housing niches, but in every major city such elusive enigmas do exist. Take the case of this six-bedroom Cow Hollow house, which presently presents itself on Craigslist for an eye-popping $25,000/month.
But the Cow Hollow abode (succinctly and accurately billed as simply an “extravagant house” in the ad) takes the cake and maybe even the entire bakery for decor.
The ad, both on Craigslist and on rental agent Mazal Bordo’s site, doesn’t identify the house by its address, but it’s definitely 2715 Scott Street, a circa 1912 house that last sold in 2012 for roughly $5.1 million.
Back then, Curbed SF praised estate’s “gloriously gloomy Edwardian exterior,” but lamented that white paint covered up the beautiful redwood panels.
The home today looks interchangeable with its ads from five years ago, but since then all the whitewashing has grown on us a little bit, all those frosty hues creating the almost enchanted impression that the house remains frozen in its early 20th century grandeur.
Note that this home recently listed again asking $8 million, but that offer expired without any takers. Alas.
What kind of person has this sort of money to throw around but chooses to rent? In 2011, the New York Times tossed out a few proverbial examples: “A divorced businesswoman wants to try on a new lifestyle. An actor in town needs a plush pad for a year. An investor prefers to keep his cash on hand for, well, investing.”
The paper also cited a rental agent who specializes in such things pointing out that the very wealthy may just have other things they want to buy, saying, “‘If [...] you have those funds in some sort of account that’s bringing a good return,’ it does not necessarily make sense to invest it all in an apartment.”
Or maybe in a few outlandish cases the home of your dreams just isn’t up for sale right now, but is up for lease.