SF Gate highlights Pacific Heights $40 million modern masterpiece
April 5, 2017
San Francisco’s most expensive house: This $40 million modern masterpiece
San Francisco just reached a pinnacle in over-the-top real estate lavishness.
A massive, newly built, Pacific Heights mansion hit the market this week. It became the most expensive house on the market in the city right now, with a price of $40 million.
Perched high above the bay, 2712 Broadway is a limestone masterpiece of modernity among the stately and fanciful manses that line the neighborhood’s most coveted three-block stretch known as the Gold Coast, or Billionaire’s Row. Oracle’s Larry Ellison is next door and philanthropists Ann and Gordon Getty are down the street.
The home was built “on spec,” which in real estate lingo means the developer built it with no particular buyer in mind.
Developer Bill Campbell of Marble Management purchased the property for $7.8 million in 2009. He tore down the original 19th-century clapboard, according to the Wall Street Journal, and spent four years building a sparkling new home.
Seven bedrooms, eight bathrooms and four-and-a-half baths, a gourmet kitchen, two kitchenettes, a spa with a gym and massage room, a media room and two wine rooms are spread across 11,400 square feet. An elevator takes you to multiple levels as well as the top floor where a terrace includes yet another kitchen.
Floor-to-ceiling windows across the north side provide sweeping views of the bay, the Golden Gate Bridge, the tree-filled Presidio, the grassy hills of the headlands, the seaside village of Sausalito and the island of Belvedere. Non-reflective glass that costs four to five times more than typical glass was used so the view is equally stunning at night.
“You definitely feel a connection to the outside in a way you don’t in many homes,” Campbell said. “It feels like the Bay is laid out in front of you in both day and night.”
Campbell put in extra effort and money to build a home that meets LEED Platinum standards, meaning it meets strict environmental standards.
The home “uses solar to produce almost 40 percent of the reference energy required by the home,” Campbell said. “Rainwater is stored in underground tanks for reuse in the yard. Landscape materials have required reflectance values. Closed cell foam and blown in mineral glass are combined to form a superb insulation barrier. Cabinetry, trim, floors, and decking are all FSC certified.”
The home is currently being sold off the MLS and marketed to high net worth buyers by agents Val Steele of Pacific Union International and Tom Biss of Sotheby’s International Realty.
A 1905 Italianate in Cow Hollow was the most expensive house on the market with a price tag of $28.5 million before 2712 Broadway became available. If the home sells for its listing price of $40 million, it will be among the most expensive property sales in the city. A Gold Coast mansion went for $35 million in 2013, WSJ reports.
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