For $10.5 million, the pool better be “organically located.”
3402 Gage Place, Point Loma, 92106
3402 Gage Place, Point Loma, 92106
Current Owner: 3402 Holding Trust (Michael Herman)
List Price: $10,500,000
Promotional materials for the 10,000-square-foot Point Loma estate at 3402 Gage Place describe the dwelling as “A house for the ages, celebrating the soul of wood and stone.”
The home was built in 1988, designed by local award-winning architect Alan Campbell to adapt to the natural contours of the hillside lot. Owner Nicholas Frazee, former commodore of the San Diego Yacht Club and chair of his family’s paint-manufacturing business, personally supervised the “meticulous custom construction.”
Entry foyer, with lots of harmoniously flowing wood
“Exotic woods from around the world flow harmoniously throughout” the home’s six bedrooms and seven baths, with extensive use of wall panels and exposed beam ceilings featured in most rooms, meant to “combine elements of mid-century modernism with craftsman detailing in its own unique design.” The wood features include “gleaming Koa wood floors, double-glazed cedar windows and teak doors, rich Spanish cedar interior doors,” and cedar and redwood paneling and built-ins.
A formal dining room offers downtown skyline views
Also inside, the kitchen features dual built-in refrigerators. A formal dining room offers downtown skyline views and seating for 14. A second dining room offers an area for more casual affairs. The master bedroom suite has over 600 square feet of living space in the main area, plus a sitting room, bath with soaking tub and indoor/outdoor shower, and a walk-in closet so large it couldn’t be captured with a single photo. Stone fireplaces are found in the living and family rooms, with others in the home’s den and master.
The walk-in closet is too large to be captured with a single photo
Frazee has commissioned numerous pieces of artwork that are incorporated into the residence, including stained-glass pieces, “an exquisite hallway mural, and a magnificent Torrey Pine wood carving.”
Outside, “stone and gleaming wood decks”
Outside, “stone and gleaming wood decks” overlook 180-degree views of Shelter Island, San Diego Bay, Coronado, downtown, and beyond — “the uninterrupted panorama of beauty is magical both day and night.”
Outside, the “intensely private gated estate” is “lush with mature landscaping” covering nearly an acre.
The “organically located” swimming pool that’s “accented by a landscape of cascading boulders” sits in the terraced backyard alongside a grass lawn and below an outdoor living area with several seating areas, partial cover, and an outdoor fire pit. Mature landscaping and trees including “redwoods, oaks, pine, and palm trees complete the effect of being removed from the everyday world.”
The property has only been offered to the public for sale once since Frazee commissioned the construction. Public records indicate a transfer in 1998 to North American Communications, Inc., a direct-mail advertising company. In 2005, its president Robert Herman transferred title to 3402 Holdings, LLC, a company that appears to have been created solely in order to hold title to the Gage estate and also appears to be controlled by Herman.
The home was most recently listed for sale in September 2014, with the seller reportedly entertaining offers between $9.5 and $10.5 million. After the listing expired in early March, the property was promptly re-listed with a firm asking price of $10.5 million that remains unchanged to date.