This dilapidated $15 million mansion built into a San Francisco cliffside once housed ‘Lucky Luke’s’ stolen art — now it’s for sale

A mansion built into the side of a San Francisco sea cliff with stunning views of the Bay Area would likely not typically struggle to be sold.

Courtesy of Open Homes Photography for Sotheby's International Realty

Source: The San Francisco Chronicle

But this one did, The pink seven-bedroom home in the Sea Cliff neighborhood to the northwest of the city was listed on the market for $19.6 million in 2016. And after not finding a buyer, the listing was removed shortly after.

Courtesy of Open Homes Photography for Sotheby's International Realty

Source: Zillow

There's a good reason for the struggling sale, though — unique circumstances have plagued the property.

Courtesy of Open Homes Photography for Sotheby's International Realty

The mansion was once owned by notorious art scammer and real estate mogul Luke 'Lucky Luke' Brugnara who stashed hordes of stolen art worth a collective $11 million in the home in 2014.

Courtesy of Open Homes Photography for Sotheby's International Realty

Source: SF Gate

In 2015, he was sentenced to a seven-year jail term for fraud, but a series of liens placed on the home lingered, presenting problems for the sale of the property.

Courtesy of Open Homes Photography for Sotheby's International Realty

Source: SF Gate

In October 2019, however, it cropped back up on the market as a bankruptcy sale, and clear of liens, for $15 million. That's just part of the investment that the mansion would need to make it a home, according to listing agent Anne Herrera.

Courtesy of Open Homes Photography for Sotheby's International Realty

The home is a "fixer-upper," Herrera says. There are no photos home's interior in the listing — the floors need to be redone and the roof leaks.

Courtesy of Open Homes Photography for Sotheby's International Realty

It's not dangerous, however. Herrera said the owners, who purchased the home 29 years ago, lived in the home until recently. It just needs some TLC.

Courtesy of Open Homes Photography for Sotheby's International Realty

"This property is for someone who has the money to begin with to buy the property and then either wants to do minimal work to it and kind of clean it up and keep the same floor plan or really completely gut it," Herrera said.

Courtesy of Open Homes Photography for Sotheby's International Realty

The home's future owners have a good starting point though.

Courtesy of Open Homes Photography for Sotheby's International Realty

"They face the water, they have unobstructed views of the bridge and the Marin Headlands, Baker Beach, the Pacific Ocean," Herrera said.

Courtesy of Open Homes Photography for Sotheby's International Realty

The mansion also has a pathway that winds down the cliff to a secluded ocean cove.

The view from the cove that sits right below the home.
Courtesy of Open Homes Photography for Sotheby's International Realty

Herrera said she's not sure when it was built and if it was legally constructed with permits, but it's a unique feature of the home.

Courtesy of Open Homes Photography for Sotheby's International Realty

Buying a home in the Sea Cliff neighborhood is a rare feat in and of itself as well.

Courtesy of Open Homes Photography for Sotheby's International Realty

Herrera said there are maybe only 18 to 25 high-end properties like this that are actually on the cliffside.

Courtesy of Open Homes Photography for Sotheby's International Realty

"There aren't many that actually come on the market," Herrera said. There was one that sold "very quickly" in July for $18 million.

Courtesy of Open Homes Photography for Sotheby's International Realty

Sea Cliff is coveted for good reason. Herrera said it's a desirable place to be, with its quiet, peaceful, and scenic environment.

Courtesy of Open Homes Photography for Sotheby's International Realty

"It has become a place for those that have the means to do so to buy a house and still be in the city, but still be very connected to nature and all the beauty of the views of the bridge and the beach," Herrera said.

Courtesy of Open Homes Photography for Sotheby's International Realty

SEE ALSO:

A tech billionaire's $100 million Palo Alto home set the record for the most expensive Bay Area listing in a decade in 2018. Now it's taken a $50 million price cut.

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