Bay Area/ San Jose/ Real Estate & Development
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Published on May 02, 2024
Bay Area's Prestigious Ridgecrest Ranch Listed for $15 Million Amid Luxury Market SlowdownSource: Scott Dancer / Compass

Woodside's Ridgecrest Ranch, an enigmatic Bay Area estate celebrated for its bespoke artistry and expansive amenities, has hit the market with a price tag of $15 million. Once aspiring to fetch $28 million in 2021, the property's value has dropped sequentially, recently slipping to $20 million in 2022 before anchoring at the current asking price. This comes in the wake of similar high-end properties struggling to secure buyers in a luxury market showing signs of fatigue.

The sprawling 18-acre estate, located at 16351 Skyline Boulevard, boasts a repertoire of unique features, as outlined in an SFGATE article. These include a 110,000-gallon pool, a racetrack for remote-controlled cars, and a five-hole putting green. Listing agent Scott Dancer told SFGATE that visitors are often compelled to stop and “take it all in” due to the property's awe-inspiring design and craftsmanship.

Exclusive details such as frescoes, hand-carved cornices, and hand-painted ceilings testify to the 25 years diligently spent by its owners to truly personalize the hot commodity. Echoing the sentiments of a handcrafted legacy, Amy Bogart, daughter of real estate investor Terry Bogart, reminisced to SFGATE a charmed upbringing amid her parents' hand-tailored dream, stating, “Growing up on The Ranch was magical.”

The estate seamlessly blends residential luxury with commercial potential and is noted for comfortably housing up to 200 guests during events. The main residential quarters are discretely portioned into multiple apartments designed to ensure privacy for the occupants. Per an online listing on Zillow, the property also includes a majestic barn and offers direct access to the surrounding hiking and equestrian trails, adding to its lavish appeal.

Ridgecrest Ranch's journey to find a new owner continues despite its grandeur and idyllic setting. The estate's history and market adjustments reflect a broader trend in the Woodside area, where even the illustrious Green Gables property has faced challenges in attracting a buyer. Whether Ridgecrest Ranch will soon welcome new residents or continue to endure price adjustments remains to be seen.