Waterfront Estate for sale: 16-acre Marshall property hits the market for $13m

A slice of Northern California’s laid-back waterfront life is suddenly up for grabs and the asking price is about $13 million.The 16-acre property in the tiny oyster-farming village of Marshall is not just a scenic piece of land on Tomales Bay; it is a long-held commercial and residential estate with established businesses, rental income and development potential.Located about 60 miles north of San Francisco along Highway 1, the property includes several commercial and residential buildings, as well as the well-known seafood restaurant The Marshall Store.The property was purchased in 1925 by Croatian immigrants Nickola and Nickolina Vilicich and, remarkably, has remained in the family for more than a century without being listed for sale, the New York Post reported.A rare waterfront real estate offeringThe 16-acre estate includes three parcels zoned for commercial use and is described in the listing as offering “multiple income-producing and development possibilities.”Other businesses operating on the…