Belvedere Island

Want another sign that the housing market is picking up?

Well here is one. The most expensive home sale in the past year took place here on Belvedere Island. It is the most expensive sale not only in the past year, or since the beginning of this year. It took place at the beginning of this month and the home went for $6.5 million, twice its estimated home value.

The home which is on Pelican Point Road is a 5000 ft. 4 bed, 5.5 bath little pad built in 2011. It last sold in April 2011 just after being built for $1.8 million. So somebody has tripled their investment.

If you haven’t heard of Belvedere in Tiburon, it is one of the most expensive places to live in all of the country. In fact, for places where the population is at least 1000, Belvedere has the highest per capita income bar none (at $113 K). So it should come as no surprise that this is where you might find the most expensive home sale in all of Marin County.

And you can’t beat the location. Belvedere Island is across the bay from Sausalito and just to the north of Angel Island. It basically has amazing schools and a crime rate of virtually zero (you get about a half dozen burglaries and maybe one or two auto thefts reported per year).

The median family home on Belvedere Island is $2 mil. Homes here are a mix of ages, some dating from the beginning of the 20th Century, others built within the last couple of years. They are basically of all ages and sell for prices that vary a great deal.

Drawbacks of living here beyond the obvious high cost of living? It is a bit of a commute into the city. You are also in a hilly island area where erosion and maintenance problems are an issue.

Overall, however, this is one of the best places to live in California for the ultra rich.