Bay Area's Only Private Island, Once $22 Million, Can Now Be Yours For $5 Million
SAN FRANCISCO (CBS/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 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.
RELATED: Peninsula's Quirky 'Flintstone' House Hits Market For $4.2 Million
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.
ALSO READ Historic Belvedere Mansion Sells For $47.5M, Breaking Real Estate Records
It is the only privately owned island in the Bay, straddling Marin, San Francisco, and Contra Costa counties.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.