This home on the San Francisco Bay Area has sold for the highest price ever recorded in Foster City.

the house

100 Flying Fog Island in Foster City

What makes it special:

Located in Foster City’s oldest neighborhood, this four-bedroom, three-bathroom home was a unique selling point because of its location and location, said Julie Flotty, the Compass Real Estate agent who listed the property. Waterfront homes in Foster City are desirable, but the views offered by this custom build make it even more so. Located south of San Francisco International Airport in San Mateo County, the city was built in the 1960s by the development and expansion of Beer Island, a planned community on the marshes of San Francisco Bay. The house sits at the end of one of the city’s seven cul-de-sac islands, a 6-foot-deep, 212-acre lake that acts as a drainage basin to deal with flooding from storms, Flutie said. This home has seen a lot of interest, one of the main draws being the beach front deck that leads out to the water, and ample space for boaters and paddlers to watch the waterways and activities in nearby Erkenbrack Park. “Waterfronts are sensitive,” says Flutie, who says the home’s location at the end of the island creates a sense of relaxation and tranquility. “It’s hard to put a value on anything visually, it’s very subjective to that individual.” Waterfront locations are desirable, but in some communities, they also present some risks. The adopted city was one of the Bay Area regions profiled in the Chronicle last year for its efforts to combat sea level rise. A $90 million project is currently underway to build a strong and long embankment to protect the sea from water. Funding is being sought by residents who have been told they will be forced to buy expensive flood insurance without new fees. Like the rest of the Bay Area, the real estate market in Foster City is expected to see significant growth in 2020 and 2021, with many homes selling for up to half a million dollars with multiple offers and many asking properties, Flutie said. . While high mortgage rates and the summer have slowed things down, Flutie said Foster City is popular with buyers, especially families who work in technology around Silicon Valley.

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