Hot on the heels of the highest-priced B'game house to ever sell, the Bing Crosby estate has finally sold. Alex Buljan is having a good year--selling both properties:
It took less than a day to sell an 8,200-square-foot Burlingame home for a record $17 million, at $3.5 million above the asking price. Jennifer Colvin and Eric Klein sold their century-old home with a modern addition at 133 Pepper Avenue, the San Francisco Business Times reported. The buyer was undisclosed. “We were on the market for less than 24 hours,” Compass’ Alex Buljan, who held the listing, told the newspaper. The sale far surpassed Burlingame’s previous highest sale in February last year at 121 Pepper Avenue, two doors down the street, for just shy of $9 million. They took a historically designated 1924 Tudor home and mated it with a modern addition, on a half acre.
The Comicle piece on the Crosby estate notes:
A historic Hillsborough estate once owned by Bing Crosby has sold for $25 million, more than a third below its original asking price but still one of the most expensive residential sales in the town’s history.
The property at 1200 Jackling Drive, a 14,000-square-foot French chateau-style mansion on 5 acres, was listed in January for $40 million following the death of Crosby’s widow, Kathryn Grant, in 2024. The deal closed Thursday, according to Compass agents Alex and Pierre Buljan, who represented the buyer. “This property is one of Hillsborough’s legacy estates with an extremely storied background and impeccable vintage craftsmanship,” Alex Buljan said in a statement. “The buyer is a Hillsborough local with an appreciation for classic properties, adamant about maintaining the character and history into the next generation.”
That intent is a relief since H'borough has been looking around at big pieces of land in town to find ways to meet the ridiculous housing requirements from Sacramento. Five acres would cause some developers to drool especially with all the new free-for-all rules if you can jam a bit of subsidized housing in there. The bet is when H'borough finally has to come up with more units, they will be as close to ECR--and B'game--as possible. And this won't be the end of 8-digit houses in B'game even without multiple acres of land to work with.
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