After over a year on the market and two hefty price cuts, the St. Helena Restoration Hardware Residence, former home of Gary Friedman, CEO of luxury retailer Restoration Hardware, found a buyer. At last.
The sage began when Friedman bought the property in 2013 for $5,900,000. Then in August of 2016, after a complete overhaul by his company’s design team, he put the six-bed, four-and-a-half bath, 5,772-square-foot home on the market for a whopping $10.5 million.
Curbed SF readers were, at the time, less than pleased.
“The house is like living in a black and white movie as there is nothing vibrant or alive about the house,” said yaletownman, adding, “the whole Restoration Hardware look has become about dulling the senses.”
And Buster57 quipped, “It’s the largest jail cell I’ve ever seen.”
Then in April of this year, $2 million was chopped off the asking price, reducing it to $8.5 million.
Then in July, the asking price dropped down to $7.7 million.
That seemed to do the trick. Someone found the home’s stark and sleek design a sheer delight, snapping up the Restoration Hardware-saturated home for $7,550,000.
- Restoration Hardware CEO's $10.5M Napa mansion is 50 shades of grey and order [Curbed SF]
- Stark Restoration Hardware house in St. Helena cuts price [Curbed SF]
- 347 Crane Avenue [Sotheby’s]
- 347 Crane Avenue [Redfin]