Red Rock Island, a 6-acre uninhabited dome of dirt south of Richmond-San Rafael Bridge, has been listed by its owner, Brock Durning, who inherited it from his dad, the San Francisco Chronicle reported. The price comes out to nearly $4.2 million per acre.
The arrowhead-shaped isle officially lies in three counties — Contra Costa, San Francisco and Marin. It’s also zoned for industrial use in Contra Costa, residential use in San Francisco and general use in Marin, according to its listing agent.
“There have been unsolicited offers in the past, but it has never before been officially for sale,” broker Chris Lim of Christie’s International told the Chronicle, who holds its first-ever listing. “This is such a rare and unique offering. I’ve never seen anything like this my entire career.”
In the 1960s, owners Mack Durning, a retired San Leandro real estate investor, and David Glickman, a former San Francisco attorney turned Bangkok gem salesman, proposed lopping off the top of it for a 20-story hotel, casino and yacht harbor.
One unsolicited study was done for the island to include a marina, heliport, restaurant, art gallery, hotel, wedding chapel, observation tower and geodesic umbrellas. Its last unsolicited offers were for a wind farm and from two separate princes interested in the island.
“There is so much that is possible with this island,” Lim, who spent an entire day traipsing over the rock, told the newspaper. “The views of San Francisco, Belvedere, the Oakland hills and the Bay Bridge are incredible.”
— Dana Bartholomew
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Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Uncategorized A chunk of land touted as the last private island on San Francisco Bay is on the market for the first time, with an asking price of $25 million. Red Rock Island, a 6-acre uninhabited dome of dirt south of Richmond-San Rafael Bridge, has been listed by its owner, Brock Durning, who inherited it from
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