One of the most gorgeous pieces of land in the Bay Area—if not the world—is up for sale. Located at the southern tip of the Tiburon peninsula, the approximately 100-acre parcel, called Easton Point, comes with views of the San Francisco skyline, Golden Gate Bridge, Bay Bridge, San Rafael-Richmond Bridge, and Angel Island.
Owned by the Reed family, who made their fortune in lumber, Easton Point has remained untouched over the decades. And the new buyer would, according to the listing agent, try to keep it as-is.
“Ultimately, the ideal buyer would purchase Easton Point for a single private residence, avoiding the proposed subdivision development or the buyer could pursue the development of the property.”
Let’s go back a bit: For years, Marinites have illegally crossed private property lines at Easton Point to access the trails and serene settings. The Reed family, for their part, have fenced and posted private property signs around the property for decades. But area residents, who don’t own the property, still considered the parcel as if it were their own. (Welcome to Marin.) So much so that when the Reed family tossed around the idea of developing the property into a residential neighborhood of 43 single-family homes, Marin residents turned litigious.
“Last year, a group of residents sued Marin County, challenging its approval of an environmental review that would pave the way for construction of the 43 homes,” reports the Wall Street Journal. “That same year, a different group of residents sued Martha Co., which owns the property and represents the five branches of the Reed family, alleging that because the land has been accessible to the public, there is legal precedent to keep it open to the public. Both lawsuits are pending.”
There’s also a cabal called Tiburon/Belvedere Residents United to Support the Trails dedicated to keeping the private trails open and parcel untouched for nearby neighbors to use at their leisure.
Asking is $110 million.
The listing is handled by the Bullock and Sarkissian team at Golden Gate Sotheby’s International Realty.
- Easton Point [Golden Gate Sotheby’s International Realty]
- A $110 Million Bay Area Property Offers Views—And Some Unhappy Neighbors [WSJ]