The Best Resource for Marin Real Estate!  •  Forward to Friends and Family
Tracy McLaughlin
Cell: 415.699.6680

Happy New Year. I hope that 2021 is off to a great start for you and your family. I want to share a singular opportunity that I recently listed in case you are in the market for what would be Marin County’s finest single-family residence. The waterfront lot at 135 Belvedere Avenue on exclusive Belvedere Island has fully approved/permit-ready plans for a world-class +-11,100 square foot glass and wood residence with 250 feet of frontage on the San Francisco Bay. One can also build a smaller version of this plan if desired. The unrivaled +-1.22 acre property includes plans for an in-ground pool, spa, custom-designed firepit with four sided seating, outdoor kitchen, grand scale terraces, sweeping level lawn, and beachfront lanai with a new state of the art dock and boat lift. 135 Belvedere Avenue is a car collector's dream with approved plans for +-1500 square foot five-car underground garage and grand scale parking court for +- 6 additional cars. The unrivaled views extend from Sausalito to both towers of the Golden Gate Bridge to downtown San Francisco. Post construction appraisal for finished home exceeds $50 million!

Take a look at this property video (click on the arrow below) and feel free to call me about all my other incredible properties that are coming on the market in 2021. Market statistics for your review are below.


Marin County's Finest Estate
135 Belvedere Avenue
Belvedere


Lot Price with Permit Ready Approved Plans
$9,995,000


6 BEDROOMS | 7.5 BATHROOMS | 11,100 SQ. FT. | 1.22 ACRE LOT










Tracy McLaughlin

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Recent News
Tracy is ranked 20th in the country for overall sales in 2020. Read the full article here: www.realtrends.com

Tracy is ranked 3rd in The Bay Area for overall sales in 2020. Read the full article here: www.bizjournals.com



Current Listings
37 Upper Road, Ross
$15,995,000
6 Bed | 4 Full & 3 Half Bath | +- 9,560 SqFt

135 Belvedere Avenue, Belvedere
$9,995,000
6 Beds | 7.5 Baths | +- 11,100 SqFt
147 Beach Road, Belvedere
$7,350,000
5 Beds | 4.5 Baths | +- 4,000 SqFt

The Ranch, Larkspur
$5,995,000
4 Lots
216 Evergreen Drive, Kentfield
$4,995,000
6 Beds | 6.5 Baths | +- 5,530 SqFt





Pending Listings
2 Madera Avenue, Ross
$1,995,000
4 Bed | 2.5 Bath | +- 2,510 SqFt

4095 Paradise Drive, Tiburon
$1,695,000
2 Beds | 1.5 Baths | +- 1,497 SqFt



Just Sold
86 Lagoon Road, Belvedere
$10,295,000
4 Beds | 3.5 Baths | +- 3,500 SqFt

17 Hotaling Court, Kentfield
$6,995,000
5 Beds | 7 Baths | +- 5,325 SqFt
45 Evergreen Drive, Kentfield
$5,995,000
5 Beds | 4 Baths | +- 5,374 SqFt

421 Crown Road, Kentfield
$5,995,000
4 Beds | 3.5 Baths | +- 3,500 SqFt
96 Avenue Del Norte, San Anselmo
$5,995,000
6 Beds | 5 Full/2 Half Baths | +- 7,340 SqFt

10 Edgewater Road, Belvedere
$5,800,000
4 Beds | 3.5 Baths | +- 2,886 SqFt
320 Belvedere Avenue, Belvedere
$5,495,000
4 Beds | 3.5 Baths | +- 4,185 SqFt

23 Monte Vista Avenue, Larkspur
$4,995,000
4 Beds | 4.5 Baths | +- 3,265 SqFt
11 William Avenue, Larkspur
$4,695,000
5 Beds | 4.5 Baths | +- 5,065 SqFt

65 Summit Road, San Anselmo
$3,995,000
4 Beds | 3.5 Baths | +- 5,520 SqFt
55 Winship Avenue, Ross
$3,695,000
4 Beds | 2 Baths | +- 2,545 SqFt

296 Margarita Drive, San Rafael
$3,595,000
5 Beds | 4.5 Baths | +- 5,155 SqFt
199 Madrone Avenue, Larkspur
$3,495,000
4 Beds | 4.5 Baths | +- 3,225 SqFt

21 Oak Place, Belvedere, Belvedere
$3,495,000
4 Beds | 4 Bath | +- 2,944 SqFt
61 Wolf Canyon Road, Kentfield
$3,195,000
5 Beds | 2 Full/2 Half Bath | +- 4,325 SqFt

84 Glenwood Avenue, Ross
$2,995,000
4 Beds | 4.5 Baths | +- 2,229 SqFt
534 Comstock Drive, Tiburon
$2,495,000
3 Beds | 2.5 Baths | +- 2,250 SqFt

15 Via Hermosa, Greenbrae
$2,395,000
4 Beds | 3 Baths | +- 2,355 SqFt
151 Fernwood Drive, San Rafael
$1,995,000
4 Beds | 2.5 Bath | +- 2,900 SqFt

55 Sir Francis Drake Boulevard , Ross
$1,995,000
4 Beds | 3 Baths | +- 2,426 SqFt
14 Cedar Avenue, Larkspur
$1,995,000
3 Beds | 2.5 Baths | +- 2,168 SqFt

2 Berry Lane, Ross
$1,795,000
2 Beds | 3 Bath | +- 3,000 SqFt



Data Watch

New Single-Family Home Sales Increased 1.6% in December
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 1/28/2021

New single-family home sales increased 1.6% in December to a 0.842 million annual rate, below the consensus expected 0.870 million. Sales are up 15.2% from a year ago.

Sales in December rose in the Midwest and West, but fell in the Northeast and South.

The months' supply of new homes (how long it would take to sell all the homes in inventory) rose to 4.3 in December from 4.2 in November. The gain was due an increase in inventories of 12,000 units more than offsetting a faster pace of sales.

The median price of new homes sold was $355,900 in December, up 8.0% from a year ago. The average price of new homes sold was $394,900, up 4.6% versus last year.

Implications: New home sales fell short of consensus expectations in December but still rose 1.6% for the month and closed out a very strong year for this segment of the housing market. New single-family home sales in 2020 were the best in fourteen years, as the pandemic and urban unrest helped shift buyer preferences toward safer and more spacious options in the suburbs. Moreover, sales rose 18.7% for the year, the largest annual gain since 2012. The most likely culprit for the slowdown in sales since this Summer is the lack of finished new homes waiting for buyers, which has been a headwind for the market. In the past year, the only portion of the inventory of unsold new homes that has increased are homes where construction has yet to start. Meanwhile, the inventory of unsold homes that are either under construction or finished is down from a year ago. Overall, while the number of new single-family homes started is up 27.8% from a year ago, the inventory of completed new homes available for sale is down 45.5% over the same period, illustrating just how strong demand has been so far in 2020. Given the downward pressure that social distancing regulations, shortages of labor, supply chain issues, and now cold weather continue to exert on new construction, it will be difficult to satisfy this demand in the short run. However, as the pandemic ebbs in 2021, due to widespread vaccine distribution and warmer weather as we enter the Spring, many of these impediments will fade. And with more inventory available, we expect demand will remain strong and push sales higher in 2021. Why? First, affordability; near zero interest rates from the Federal Reserve have helped reduce the 30-year fixed mortgage to record lows. Second, due to the pandemic, closures, and urban unrest, buyers' preferences have shifted away from units in denser urban environments, toward more spacious options in the suburbs, where most new single-family homes are built. While some portion of this effect will no doubt reverse as we return to "normal," we expect many buyers who have their minds set on a single-family home will follow through as more options become available. In other news this morning, the Kansas City Fed Manufacturing Index, a measure of factory sentiment in that region, increased to 17 in January from 14 in December, a good sign for continued improvement in the US economy.



This report was prepared by First Trust Advisors L. P., and reflects the current opinion of the authors. It is based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.



Tracy gives a percentage of every closing to Marin’s Center For Domestic Peace, which has provided safe housing for women and children in Marin County for the past 41 years. To learn more about this incredible organization, please visit: CenterForDomesticPeace.org
Tracy McLaughlin
285 Magnolia Avenue • Larkspur, CA 94939
Tel: 415.699.6680 • Tracy@TracyMcLaughlin.com
License CA #01209397