Martha Property.jpg

Martha seems to have stopped pursing the 43 lot plan as no developer will pay anywhere near $110 million. Far too many permitting/environmental risks remain.

Their new approach of pursuing a single residence will likely reduce environmental impacts and may result in increased public use. Encouraging but details are needed.

Stay tuned.

We never completed the appraisal data gathering. We only want to do that if Martha works with us collecting the data. To date Martha has declined to participate in an appraisal. Likely Martha doesn’t want to be paid appraised value - they want to be paid more.

See also:

Marin IJ:

Tiburon developer offers litigation-snarled property for $110 million

The Ark:

BREAKING: Undeveloped 110-acre Tiburon Ridge property for sale for $110 million


Wall Street Journal

A $110 Million Bay Area Property Offers Views—And Some Unhappy Neighbors