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Who buys $47.5 million Belvedere mansion?

former owners, mining magnate Robert Friedland spent nine years and more than $32 million on renovations.

belvedere-house

 

Who acquired Belvedere mansion In Sun Francisco for record $47.5 million?

Locksley Hall is a renovated 12, 000-square-foot residence at 440 Golden Gate Ave. that dates back to 1895 and is listed on the National Register of Historic Places. It has views of San Francisco, the Golden Gate Bridge and Angel Island from its perch on just over an acre. It has bronze gates designed by Hearst Castle architect Julia Morgan, 15-foot-high ceilings in the foyer, a wraparound veranda with Corinthian columns, bronze sconces and teak decking on the southern, eastern and western exposures, says SJ Mercury News .

Locksley’s former owners, mining magnate Robert Friedland and his wife, Darlene, spent nine years and more than $32 million on renovations, MIJ adds.

Following a report this week in the Wall Street Journal’s online edition, listing broker Olivia Hsu Decker, co-owner of Decker Bullock Sotheby’s International Realty, refused to discuss the deal when contacted by the Marin Independent Journal, insisting repeatedly that she couldn’t talk about it at all.

 

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Nels Johnson, Marin Independent Journal says the entity listed as new owner shares a Silicon Valley office suite address with others including a noted high-tech venture capitalist, but a publicist says he had nothing to do with the purchase.

The report claims the entity listed as new owner shares a Silicon Valley office suite address with others including Golden Gate Holdings which could not be reached for comment. And Breyer Capital, an investment arm for Jim Breyer of Accel Partners. Forbes Magazine described Breyer as a “hall-of-famer venture capitalist” and early Facebook investor with a self-made net worth of $2.4 billion, says the report.

PR says he had nothing to do with the purchase. “He’s not involved in the purchase of the property, ” media contact for Breyer Capital Lindsay Andrews, said. “I don’t know who bought it.”

The Wall Street Journal contributed to this report.

 

Golden Gate Capital

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