Private island in the San Francisco Bay listed at $5 million

A private island in the San Francisco Bay, which was once listed at $22 million, is now for sale at the bargain price of $5 million.|
ASSOCIATED PRESS
ASSOCIATED PRESS

SAN FRANCISCO (AP) — A private island in the San Francisco Bay has had its priced slashed and is now for sale for $5 million.

The San Francisco Chronicle reports (http://bit.ly/1UpaHuw) Thursday that Red Rock, a 5.5 acre span of rock, sand, vegetation and minerals, was for sale for $22 million in 2012.

The price was slashed to $9 million without any takers.

Red Rock can now be picked up for the price of many homes in San Francisco.

The island comes with an interesting history. In the first quarter of the 19th century, Russian hunters landed there to trap otters.

In 1964, Mendel Glickman, son of Frank Lloyd Wright, purchased it for less than $50,000 with unsuccessful dreams of building a destination hotel.

It is the only privately owned island in the Bay, straddling Marin, San Francisco, and Contra Costa counties.

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Information from: San Francisco Chronicle, http://www.sfgate.com

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