From $10 in Gold Coins to $10M Villa: Lot with S.F. Bay Views Transformed Since 1895

San Francisco Bay Area real estate has proven to be a lucrative investment for more than a century.

Historical Investment

In 1890, Gertrude Alma S. de Monzone acquired two lots on Golden Gate Avenue in Belvedere for ten dollars in gold pieces. The property has a rich history, with a graceful Italianate Villa being built on the lots in 1907. Today, the estate is listed for sale at $9.8 million.

The long list of distinguished figures associated with the property includes the wealthy Jennings family, who used it as a summer residence from as early as 1907.

Current Features and Amenities

The property, which features eight bedrooms and nine bathrooms spread across 7,695 square feet, underwent extensive renovations from 2006 to 2009 and again in 2024. The updates seamlessly blend modern amenities with original period elements like crown molding, millwork, arched doorways, and hardwood floors.

Surrounded by one third of an acre of grounds, the estate boasts multi-level gardens, a pool, entertainment terraces, balconies, lawns, patios, and a charming pond.

Unique European Charm

Listing agent Shana Rohde-Lynch describes the estate as a modernized European villa that feels like a vacation home on Belvedere Island, with views of the boating life on the water changing daily. The property exudes a Mediterranean charm similar to the Amalfi Coast, with step trails connecting it to downtown Main Street and the waterfront.

Rich History and Renovations

The property was last sold in 2006 for $6.45 million and has delighted owners with its stunning views of the San Francisco Bay since 1907. Admiral Morton D. Willcutts, a prominent U.S. Navy surgeon and former owner, served as the chief medical officer at San Quentin Prison while residing in the estate.

With its stately entrance, private courtyard, and refined living spaces, the estate offers a unique blend of historical charm and modern luxury, making it a premier real estate investment in the San Francisco Bay Area.