Showcase Mansion Has Quietly Traded Hands

Showcase Mansion Has Quietly Traded Hands

Acquired for $12 million by way of a forced bankruptcy sale in 2016 and then “dazzingly re-imagined for the 21st Century” to serve as the Decorator Showcase in 2019, the 18,000-square-foot Presidio Heights mansion at 3800 Washington Street, which was modeled after Le Petit Trianon in Versailles France, has quietly traded hands. 3800 Washington Showcase – Living Listed for $30 million when showcased, 3800 Washington was re-listed for $23.8 million in November of 2019, reduced to $21.8 million in January of 2020, reduced to $20.8 million in June of 2020 and then re-listed for $17.3 million two months ago.

And while the listing for 3800 Washington has been removed from the MLS without a reported sale or price, a plugged-in tipster reports that the mansion has quietly traded hands and a transfer tax of $695,750 was paid, which translates to a hush-hush sale price of $12.65 million.

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