California Home On The Market For $76 Million

If you are in the market for an estate with some history, the Tippett Hall is back on the market.




The mansion boasts 10,000 sq ft., it has nine bedrooms, 7 ½ bathrooms, leaded glass, chandeliers and inlaid floors, but is not fit for occupancy.

Local venture capitalist Bill Stensrud and his wife, Carol, who are selling the estate for three times what they paid seven years ago, were unavailable for comment on the reason the mansion was gutted. With its current state, it would cost millions to re-do the house as well.

The Stensruds bought the house for $25 million from the Scripps Memorial Hospital, which had received it as a bequest from the late Ruth “Sally” Tippett, who served on the board of the hospital. They paid $5 million more than asking price of the home.

I am not sure why this couple thinks that they can triple the value of a home that is not even fit for occupancy...

It does have some strong history and sits on a beautiful bluff, but no one believes that it is worth even close it's asking price.

SOURCE PHOTOCREDIT