Big news today from Billionaire’s Row. A spec house on Pacific Heights’s toniest block is seeking a whopping $40 million. This makes it the most expensive home for sale in San Francisco right now, beating out 2820 Scott in Cow Hollow.
Developer Bill Campbell of Marble Management purchased the house for a mere $7.8 million in 2009, according to the Wall Street Journal.
Four years in the making, the approximately 11,400-square-foot limestone home is brand spanking new from top to bottom. However, some purists might cringe, as a 19th century clapboard house had to be demolished in order to make way for the contemporary construction.
What does $40 million buy you in the city’s most expensive hood? Two wine rooms with blackened steel doors, outdoor kitchen on the top-floor terrace, elevator, home theater, and gym.
It also features seven bedrooms, eight bathrooms and four half baths, three fireplaces, and a terrace with views of the bay.
Listing agents Val Steele of Pacific Union International and Tom Biss of Sotheby’s International Real Estate are in charge of the home. The mammoth abode has yet to hit the market publicly.
It should be noted that this limestone dream was up for grabs when it was just a set of plans, with a ballpark figure of $32.5 million. But that was when the property was in its nascent rendering stage. A couple years later, its asking shot up. Way up.
While $40 million is quite the price tag, it isn’t quite unheard of on Billionaire’s Row. In 2015, for example, 2701 Broadway sold for a cool $31 million.