According to SF Gate, Marin County has witnessed its most expensive home sale of 2024, with the off-market transaction of Thomas J. Coates’ estate in Ross for an impressive $23.5 million, according to The Real Deal. Coates, chairman of Jackson Square Properties, previously purchased the property at 9 Upper Ames Ave. in 2021 for $20 million. The 6,758-square-foot home, inspired by Hamptons mansions, includes luxurious features such as a pool and a 1,000-bottle wine cellar.

While the buyer remains anonymous, connections have been made to the Bechtel family, known for their significant wealth and historic construction firm, estimated at $10 billion. This transaction significantly surpasses the previous highest residential sale in Marin County for 2024, a waterfront property in Sausalito sold for $14.4 million.

This sale not only sets a new benchmark in Marin’s real estate market but also highlights the ongoing demand for luxury properties in the region.

Source: SF Gate