In a corner of Marin County where the view alone can command eight figures, a striking and rare modernist estate overlooking the Golden Gate Bridge is chasing a buyer after a notable series of price cuts.
The roughly 8,100-square-foot residence at 445 Belvedere Ave. crowns a hillside perch on Belvedere Island, with glass-lined living spaces oriented toward sweeping vistas of San Francisco Bay, the city skyline and the bridge’s iconic red towers.
Yet even architectural pedigree and postcard views haven’t insulated the estate from market headwinds.
Initially introduced at a price north of $30 million, the home later adjusted to about $28.9 million before dropping again to roughly $22.9 million, reflecting a recalibration at the very top of the Bay Area’s luxury market.
A striking modernist estate perched above San Francisco Bay with sweeping views of the Golden Gate Bridge is seeking a buyer after a series of sizable price reductions. Jason Wells for Golden Gate Sotheby’s International Realty
The home boasts a four-level floor plan. Jason Wells for Golden Gate Sotheby’s International Realty
The four-bedroom home was conceived by famed architect Charles Gwathmey, whose sculptural, geometry-driven designs helped define late-20th-century American modernism.
Completed in 2000 and later spotlighted in Architectural Digest, the property channels Gwathmey’s signature style: bold lines, dramatic volumes and an almost cinematic relationship to its surroundings.
The home is roughly 8,100 square feet and features idyllic views of the Golden Gate Bridge Jason Wells for Golden Gate Sotheby’s International Realty
The residence was designed by renowned architect Charles Gwathmey and completed in 2000. Jason Wells for Golden Gate Sotheby’s International Realty
It blends sculptural geometry with expansive glass walls that frame panoramic water and skyline vistas. Jason Wells for Golden Gate Sotheby’s International Realty
The home’s unique architecture was previously featured in Architectural Digest. Jason Wells for Golden Gate Sotheby’s International Realty
Originally asking north of $30 million, the property later reduced its price to about $28.9 million and then roughly $22.9 million. Jason Wells for Golden Gate Sotheby’s International Realty
A dining nook. Jason Wells for Golden Gate Sotheby’s International Realty
The second-level hallway. Jason Wells for Golden Gate Sotheby’s International Realty
Set on more than two-thirds of an acre, the home unfolds across multiple levels designed to frame the water from nearly every vantage point.
Amenities include a detached guest suite, a wine cellar and a three-car garage, all wrapped in a contemporary envelope that prioritizes light and transparency. Floor-to-ceiling glass walls blur the line between indoors and out, turning passing sailboats and sunset skies into daily artwork.
Olivia Hsu Decker with Golden Gate Sotheby’s International Realty holds the listing and did not respond to The Post’s request for comment.
Over the past three years, Belvedere’s real estate market has behaved the way ultra-wealthy enclaves often do: dramatic on paper, but driven by just a handful of blockbuster sales.
A sauna. Jason Wells for Golden Gate Sotheby’s International Realty
One of four bedrooms. Jason Wells for Golden Gate Sotheby’s International Realty
Set on more than two-thirds of an acre, the four-bedroom home includes a guest suite. Jason Wells for Golden Gate Sotheby’s International Realty
One of seven bathrooms. Jason Wells for Golden Gate Sotheby’s International Realty
An aerial view of the location. Jason Wells for Golden Gate Sotheby’s International Realty
After the pandemic-era boom pushed prices to record heights, 2023 and parts of 2024 brought a reset, with some months showing sharp year-over-year median declines simply because fewer trophy homes traded.
By late 2025, however, the top tier was flexing again, with Belvedere Island posting median sale prices north of $7 million in some reports — a double-digit jump from the year prior — even as homes took three to four months to secure buyers.
That longer marketing time signals a more selective buyer pool: wealthy, but cautious. Overall, appreciation has cooled compared to the frenzy years, and annual gains have been modest, suggesting a market that is stabilizing rather than surging.