San Francisco's Only Privately-Held Island Gets Massive Price Cut

San Francisco's Alone Privately-Held Island Gets Massive Amount Cut, The alone privately-held island in San Francisco Bay is on auction with a massive amount cut.Red Bedrock Island hit the bazaar in 2012 for $22 actor afore it was bargain to $9 million, but now it can be castigation for $5 million. The 5.5-acre acreage is mostly bedrock and minerals, and its antecedent owners boasted of its abeyant gas reserves. But with a attainable clamor from San Francisco association over the anticipation of conduct there, the absolute acreage abettor administration the acreage envisions added uses amidst the skyrocketing absolute acreage prices in the area.

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In the aboriginal division of the 19th century, Russian hunters trapped otters on the island, SFGate.com reported. One of the antecedent owners, Mendel Glickman, son of Frank Lloyd Wright, anticipation it could be a vacation getaway, in accession to borer gas reserves. Glickman purchased it for beneath than $50,000, according to SFGate.com.

When Glickman died, the acreage eventually went to his son, David, an advocate who now lives in Thailand, and his business accessory Mack Durning.

"The Durning sons are the owners of record, and they do wish to advertise it," Steven Higbee, the absolute acreage abettor administration the property, told ABC News. "It's affectionate of in aberrant limbo at this point. It's been abeyant for apparently three years."Higbee said the island is aural the boundaries of three counties: Marin, Contra Costa and San Francisco.

David Glickman would biking to the island by helicopter, Higbee said, admitting there is no helipad.

"It's a big arch hump. It's solid bedrock with grass and copse at the top, but the grass is low and the helicopter can acreage after a problem," Higbee said.

"At this point, everybody goes aback and alternating by boat. The Boy Scouts acclimated it for years for camping," Higbee said. "It's a abbreviate ride by baiter predicated by area you're advancing from. It's readily attainable from Sausalito, San Francisco or the Richmond shores."

The arctic ancillary of the island faces the Richmond Bridge.

"The arctic ancillary has a adequately nice bank for the Bay Area, admitting the added abandon are appealing rocky. It's a acutely beach," Higbee said.
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