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January 30, 2009

Punk mogul 'Fat Mike' sells SF mansion for $5 million...

SF Weekly | Read Full Story >

The brakes have slammed on San Francisco’s luxury market—and the only house in the city to sell for $5 million or more over the last three months happens to have belonged to punk rock-made millionaire Mike “Fat Mike” Burkett, bass player for NOFX and founder of the Fat Wrech Cords label.

The Monterey Boulevard estate, listed for $5.4 million last year, sold in November for $5 million to a certain Wei X. Liu. And assuming Burkett’s investment in the house was less than $500,000, he stands to have made a tidy profit, given that he bought it for a little more than $4 million in 2003, according to public records.

The house doesn’t exactly scream punk rock—built in 1924, it looks more like a plantation estate than an urban retreat, although the interior certainly has been updated and modernized, complete with a “sophisticated media, lighting and sound systems.”


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#1 ex nofx fan says:

lets go back to 1991 RIBBED lp quote the lyrics `your life`s a mercedes,a mansion with a pool` `my lifes on a bus stop just waiting for some fuel` `your obviousness disgusts me,see through your macho lies` `i fight everything you stand for`.....(green corn) why be so against bush...you havent done so bad in the time he was in the whitehouse....it stinks


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