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SF spec mansion with 72-foot lap pool sells for $32M, No. 2 deal of 2021

Asking price of $46M would have made it SF’s biggest single-family deal ever

Emily Landes | THEREALDEAL.COM

View of 2582 Filbert via photo illustration
A photo illustration of 2582 Filbert Street (Jacob Elliot)

A 12,200-square-foot Cow Hollow spec home that hit the market last summer with a price tag of $46 million closed on Dec. 30 for $32 million, making it San Francisco’s second-biggest single family deal of 2021.

The home, at 2582 Filbert Street, lags behind the $43.5 million off-market sale of a home at 2920 Broadway, on aptly named Billionaire’s Row, which set a city record last year. It topped the $29 million sale in July of a 110-year-old Presidio Heights property. The Cow Hollow home sits on a triple-wide lot and has a 72-foot-lap pool, stainless steel spa, fire pits, terraces and a roof deck.

It was yet another sign that the Bay Area luxury market shows few signs of flagging. Sales of homes for $3 million and up more than doubled in the second quarter of 2021 compared with a year earlier.

“The wealthiest demographic was least negatively affected by the pandemic,” said Compass chief market analyst Patrick Carlisle. “In fact, their wealth has increased dramatically since the pandemic struck as they are most likely to be invested in financial markets.”

Among the Cow Hill home’s high-tech features is an air filtration system that provides nine whole-house air changes a day, as well as a bi-polar ionization HVAC system with a 99 percent reduction in viruses, smoke and dust. Other amenities include a massage area, glass-enclosed sauna and a waterfall chromotherapy rain head in the steam shower. The home, developed by Troon Pacific, has seven full bathrooms and two half baths.

For indoor-outdoor entertaining, the living room’s glass walls can be completely hidden away. Adding to the transparent theme, a floating glass staircase with reflecting pools below leads to an oversized operable skylight.

The inspiration was “San Francisco meets Los Angeles,” Gregory Malin, CEO of Troon Pacific, told the Robb Report. “It’s unheard of to have an open, airy, modern, newly constructed home on such an expansive piece of land in San Francisco,” he said.