A brand-new Belvedere Island mansion in Marin County , trumpeted by real estate agents as “Villa Belvedere,” was scheduled to be auctioned off Sunday to bidders willing to fork over at least $25 million.

But before the auction, the developer accepted an offer from a buyer, said auction consultant Guy Masters.

Masters said that under a non-disclosure agreement, he could not reveal the selling price or buyer of the 15,500-square-foot, seven-bedroom home and its surrounding 1.14-acre waterfront lot. He would not say whether the property had sold for more or less than the $25 million asking price.

“I can only tell you it’s under contract,” he said.

Developer Jeff Paster spent about $34.5 million buying the property and building the massive edifice, which was completed early this year. It was first listed for $45 million, then $35.88 million before it was slated to go on the auction block.

The layout of the mansion, designed by architect Sandy Walker, is perhaps more stunning than the asking price, which was considered a bargain for such splashy digs.

Nearly every room offers picturesque views of the Golden Gate and Bay bridges, San Francisco, Alcatraz Island and the bay, which real estate agents noted would come in handy for the millionaire buyer who fancies watching the 2013 America’s Cup races from the comfort of home.

The posh pad also includes eight full and two half-bathrooms, solar panels on the roof, wall-mounted iPads to control room conditions, a temperature-controlled wine cellar, a screening room, an indoor sauna, an elevator to all three floors, an outdoor pool and spa, and a terrace paved with fossil stones.

The Belvedere mansion is the latest of an increasing number of luxury homes that are on track to be sold while not in foreclosure, a welcome change from recent history, real estate agents said.

Properties that were recently sold at comparable prices include a $100 million Los Altos Hills mansion and a $28.8 million mansion on Broadway in San Francisco. Other homes in the Bay Area have sold for $23.5 million to $33 million in the last five years, according to the real estate researcher DataQuick.

But homeowners who have their hearts set on the Belvedere home – and who still have a few extra million bucks left over from Christmas – needn’t despair.

The developer “is accepting back-up offers if someone wants to make another offer,” Masters said. Interested buyers can contact real estate agent Olivia Hsu Decker at (415) 435-1600.

Stephanie M. Lee is a San Francisco Chronicle staff writer. E-mail: slee@sfchronicle.com Twitter: @stephaniemlee

Article source: http://www.sfgate.com/bayarea/article/Swanky-Marin-mansion-sold-for-big-bucks-4155987.php

Designed by renowned San Francisco architect Sandy Walker, the recently completed 15,500-square-foot estate is located on a prized 1.15 acre waterfront lot on the San Francisco Bay with unobstructed views of Bay Bridge, San Francisco, Golden Gate Bridge, Alcatraz, Sausalito and beyond. The stucco exterior is adorned with stone columns and trims and walls of glass for unparalleled indoor/outdoor living and entertaining. The residence features seven bedrooms with eight full baths and two half baths, including two masterful bayfront guest suites.

The well-planned property features a three-car garage and on-site parking for 24 cars; a gated 200-foot-long driveway leading to large cobblestone motor court; over 6,000 square feet of stone terraces for making the most of the panoramic vistas and incredible sunsets; a 50-foot Bisazza tile lap pool and spa; terraced gardens and a separate pool house with a teak outdoor kitchen; a private health club with a sauna, steam room and gym; a gourmet kitchen with butler and food pantry; a temperature-controlled wine cellar; a fully-equipped home theater; a spacious cherry paneled office/library; African mahogany floors; solar capability; and several working fireplaces. There are 16 rooms in total, with an elevator connecting all three floors of the main residence. Visit SanFranciscoFineHomes.com to learn more.

Article source: http://www.justluxe.com/lifestyle/real-estate/feature-1710161.php