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Val Steele Home Sale Breaks S.F. Record

$38 Million Home Sale Breaks S.F. Record

And yes, there was a bidding war.

An orange, Mediterranean-style home in Sea Cliff can be yours for $19.675 million. A stately brick home half a block from the Presidio is on the market for $22 million. Owners of a seven-bedroom mansion on Scott Street are asking for $29.5 million. After a while, the numbers just blur together, but last week, a new record was made.  2712 Broadway St., a 12,000-square-foot newly-built mansion in Pacific Heights, was sold for a whopping $38 million. And yes, there was a bidding war.

Socketsite was the first to get confirmation of the final sale price (noting that Zillow’s “analytics (and reported sale date) are simply wrong”).  As the real estate website reports, the sale has officially broken the previous record, which was 2950 Broadway St., just down the street. That home sold for $35 million in 2013.

From the outside, the $38 million mansion doesn’t appear too flashy. It’s modern, with a facade of cement and glass, an odd fit in between a classic yellow mansion to the left, and a rustic, large wood home to the right. Inside, one can find seven bathrooms, four full and three half baths, a living room, dining room and library, and a master suite with a fireplace and jacuzzi tub. It might not sound exciting, but its price tag has certainly drawn attention: The Wall Street Journal profiled the home back in April.

The identity of the buyer(s) has not been announced, but they will be among famous company when they move into their new abode: Oracle billionaire Larry Ellison, Apple Chief Design Officer Jony Ive and philanthropists Ann and Gordon Getty live on the same street, which is known locally as “Billionaire’s Row.”

Take a peek inside the house, staged in all its glory, here.

Read this article on SF Weekly