Alain Pinel Realtors (APR) announced at the end of January that it had closed escrow on a $3.4 million home, setting the record for the highest recorded sale of a single family home ever in the City of Alameda. 1200 Saint Charles Street, in the heart of the Gold Coast, was listed by David Gunderman and Andrew Raskopf of the APR Oakland Hills – Montclair Office.
The property made a splash last December when it was listed at $3.3 million, becoming the highest priced listing ever on the market in the City of Alameda. The four-level Colonial revival features 6,000-7,000+/- square feet of living space and sits on around three-quarters of an acre. Built in 1898 by the celebrated Bay Area Victorian architects, Marcuse and Remmel, the property has been thoughtfully designed and updated by the seller, a notable interior designer.
The estate was on the market for less than two weeks before being sold. Gunderman, who along with Raskopf also represented the buyers in the transaction, thinks it is indicative of larger trends in the City of Alameda. “Alameda’s luxury market is coming out of the shadow of Piedmont,” Gunderman explained. “More and more, people want to be part of this community, and with the limited luxury inventory, supply and demand economics are aggressively kicking in.”
The closing builds on APR’s rapidly growing market share in Alameda from 2013, when the firm nearly doubled their closed sides and more than doubled their closed sales volume over 2012. “The luxury branding of Alain Pinel Realtors, coupled with the marketing genius of agents like David and Andrew, has really resonated in Alameda,” noted Phil Weingrow, Vice President and Manager of the APR Montclair office.