Austin Klar tours a Sausalito waterfront mansion that started as a 19th-century tavern and became a Prohibition-era speakeasy. The owner spent $20 million restoring it while keeping the original 1893 bar and humidor. Now leased to an AI company for $100,000 a month.
This 19th century restaurant turned waterfront mansion just rented for the largest amount of money per month I've ever heard of in the Bay Area, and it's all thanks to AI. This former bar turned soft drink parlor during the Prohibition era was purchased by Sally Stanford in the 1940s and eventually turned into a restaurant called Valhalla before it became one of the most jaw-dropping residences in all of California. The owner spent about $20 million renovating the over 8,000 square foot space on a 10,000 square foot lot right on the water, and they did an incredible job preserving a lot of the historic details of the original tavern site. For example, They kept the original 1893 bar and built-in humidor anchoring the living room. They also have the original restaurant signs and doors from the bathroom. The 8-bedroom Sausalito home hit the market earlier this year for $28 million and received multiple unsolicited leasing offers and eventually rented to an AI company for an eye-watering $100,000 a month. This is just another example of what we've all started to realize. The rental market is on absolute fire because of all the new jobs that are coming back to the city. The home remains for sale while it's leased, so we'll see what it eventually trades for. Let me know what you think in the comments And follow me for more Bay Area real estate.
