A California-based estate, which once belonged to the publishing magnate William Randolph Hearst, is up for sale with a $4.25 million price tag.
The estate is an undeveloped water-front property in Sausalito, Calif., and extends from Josephine to Bridgeway.
Hearst wanted to build a huge property on the estate along with a bridge that would connect the home all the way to the bay. He reportedly started construction on the estate in 1890, but had to abandon it because he faced massive opposition from the locals, reports The Los Angeles Times.
The property exchanged ownership three times since Hearst abandoned it. It boasts of 180-degree views of the bay and also has approved plans of a three-storey building that can be constructed on the site.
According to Marin Scope Sausalito, after Hearst's parents passed away, he inherited all the wealth and properties including a home in San Simeon, where he used to camp as a child. When the locals objected to the new construction, Hearst decided to sell the Sausalito property and moved to San Simeon where he built the Hearst castle.
The listing of the estate lies with Louis Scheinberg, Coldwell Banker Residential Brokerage.
"Its history along makes it a treasure trove of tantalizing tales, but its views and location make it truly exceptional," Scheinberg was quoted by the LA Times. "I can't wait to read the next chapter in Sausalito, as it's written by the property's new owners."
The listing shows plans of the home - which has four bedrooms, four full and two half bathrooms - adding that it also provides for a parking garage and a parking deck.
The listing of the home reads:
"World-Class 180 degree Panoramic Views of San Francisco,Sausalito,the Bay & Beyond. Exciting property situated on street-to-street lot (Josephine to Bridgeway).125-year old house deemed obsolete."
Currentlt owners Dean Woodman and his wife Jane are reluctantly parting with the beautiful property.
"Counting all the approvals, we've probably spent half a million dollars on the plans for the house. So it would be a shame see that wasted. It is a beautiful design."
Woodman revealed that Hearst had built a shack on the grounds where he enjoyed weekends.
