Belvedere’s first lot-split property hits the market

Belvedere homeowner Christina Wang split her original 22,783-square-foot property in two under California’s urban-lot-split program, Senate Bill 9, remaining in 421 Golden Gate Ave. and putting the newly created 419 Golden Gate up for sale. (via Golden Gate Sotheby’s International Realty)

The first new Belvedere home created under California’s lot-splitting law has hit the market.

Resident Christina Wang of 421 Golden Gate Ave. successfully broke off about 40% of her 22,783-square-foot parcel under 2022’s Senate Bill 9. She listed the new address, 419 Golden Gate Ave., for $4.25 million in April. The new 9,113-square-foot lot — on the southern ridge of Belvedere Island with views of the Golden Gate Bridge, Richardson Bay and Sausalito to the east and Belvedere Cove and Tiburon to the west — contains a two-bedroom, 925-square-foot residence that previously served as the larger property’s guest house.

It also creates one new market-rate unit in Belvedere’s housing inventory.

The city must add 160 new units in the state’s 2023-2031 housing cycle, and lot splits play a key role in Belvedere’s planning roadmap, projecting 27 of those units will be created under the new law.

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