Browse
Log in / Register
Share
A significant price reduction makes the historic Le Petit Trianon mansion in San Francisco a notable opportunity in the city's luxury real estate market. Originally listed for $25 million in 2012, the property's price has been adjusted to $17.995 million, reflecting a nearly 10% decrease from its 2013 re-list price of $19.989 million. This price adjustment for a designated landmark property presents a unique scenario for high-net-worth buyers interested in a piece of San Francisco's architectural history.
What is the history and significance of this San Francisco property?
Known initially as the Koshland House, this mansion was constructed in 1904 for Marcus Koshland, a wealthy wool merchant. The property is now officially designated as San Francisco Landmark 95, a status that recognizes its historical importance. The home's design is inspired by the Petit Trianon at the Palace of Versailles in France, which is how it earned its current name, Le Petit Trianon. Understanding a property's landmark status is crucial, as it can affect future renovations and may qualify the owner for certain tax benefits, though it also imposes preservation responsibilities. The current sale is part of the previous owner's financial restructuring.
Where is Le Petit Trianon located and what are its key features?
The mansion is situated at 3800 Washington Street in the prestigious Presidio Heights neighborhood, just blocks from the Presidio Golf Course and Presidio National Park. The main residence is a sprawling 17,895 square feet spread over four floors. The property includes nine bedrooms and eight bathrooms within the main house. The main level is accessed through a rotunda encased in black marble, leading to an atrium with eight marble columns. This level contains five shared rooms: a family room, music room, living room, kitchen, and dining room. A key feature for entertainment is the ground-level ballroom, which can accommodate up to 100 people.
What is the layout of the bedrooms and additional amenities?
The sleeping arrangements are distributed across the upper floors. The second floor hosts the master suite, which includes a walk-in closet, dressing room, and master bath, plus two additional bedrooms, each with a private bathroom. The third floor contains five more bedrooms, with bathroom facilities shared via a hallway bathroom and a kitchenette. For convenience, an elevator services all floors. A significant asset is the separate 2,618-square-foot guest house, which features four bedrooms, three bathrooms, a large living room, a kitchen, a dining room, and a study. This guest house offers potential for rental income or accommodating extended family, though local regulations should be verified.
What should a potential buyer consider with a historic landmark property?
Purchasing a landmark property involves specific considerations. Title insurance is essential; this service protects against losses from defects in the property's title. Furthermore, any alterations are typically subject to review by a preservation board to maintain historical integrity. While the price per square foot may appear attractive compared to new constructions in the area, buyers should budget for potentially higher maintenance costs associated with preserving historical details and materials. Based on our experience assessment, engaging an inspector specializing in historic properties is a recommended step during the due diligence process.
In conclusion, the Le Petit Trianon represents a rare chance to acquire a piece of San Francisco's history at a revised price point. The key considerations for a buyer are the property's landmark status, its extensive square footage and unique layout, and the separate guest house. The recent price reduction to $17.995 million may increase its attractiveness to a niche market of buyers seeking a historically significant estate with ample space in a prime location.
