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Thanks to its triumphant reunion tour over the summer, the Grateful Dead raked in over $55 million in only five shows! Those hefty gate receipts likely came in handy when bassist Phil Lesh plunked down $4.35 million for a beguiling piece of property in Ross, CA.
Lesh, a longtime resident of Marin County, bought the 16-acre property known as Stag's Lair in late October, right around the same time he announced he was battling bladder cancer. He expects to make a full recovery, which will provide him with ample time to spruce up the property.
Listing agent Kyle Frazier extols the beauty of the mountainous property but acknowledges the home it holds needs work. He says the rocker scored a piece of land with "views unlike any other property" in the area.
Frazier says the two structures on the property will require extensive renovations, but the property was a worthwhile purchase. "It's the single largest developed private property in Ross." The posh Marin County enclave has a little over 2,000 residents and currently boasts five multimillion-dollar listings.
The agent didn't want to speculate on Lesh's plans for the property, but he says the sale was a smooth transaction. But he did clue is in to a little-known "fountain of youth" on the property, which should be welcome news to Deadheads. "There's a year-round spring on the property which has never run dry -- and the home's previous owner lived to be 100 years old."
We'll drink to that!