Even after a price cut, a magnificent mansion in San Francisco is this week’s most expensive new listing on realtor.com®. It landed on the market for $40.5 million after originally dipping its toe in the water for $45 million in May.
The spec mansion spread over two lots in the Russian Hill neighborhood was built by the developer Troon Pacific over a period of six years. The double lot in one of the country’s most expensive markets should make buyers take notice.
“What’s so extraordinary about this is the land,” says Joel Goodrich, director of the estates division with Coldwell Banker Global Luxury. “The land is irreplaceable in San Francisco.”
On the coveted property, you’ll find two structures. The original main house designed by Willis Polk was completely revamped, and a one-bedroom guest cottage was added in 1907, just after the earthquake.
This spectacular residence was “re-imagined for the future.” The main house features three floors, a sublevel art gallery, and a 40-foot cantilevered infinity pool overlooking the San Francisco skyline.
The oversize lot allows for a rare San Francisco treat: an uninterrupted view. There’s a “275-foot-long frontage facing the view. You just don’t find that here,” Goodrich explains. “It’s a one of a kind for San Francisco.”
The locale, just a half-block from the famed “crooked street” of Lombard, is within walking distance to the Jackson Square tech hub and the financial district.
Surrounded by verdant gardens, the 9,500-square-foot main home has five beds, 6.5 baths, and an elevator. On the top level, the roomy master suite offers views of the garden and the city.
The home features a luxe resort ambiance with its indoor-outdoor flow throughout its living, dining, and entertainment spaces.
Guests can spill over onto the lawn, which includes two fire pits, the 40-foot pool, city views, and even a heated couch, which residents of the often-chilly city can appreciate year-round.
The outdoor space also offers a home theater with projector and retractable screen. And for alfresco dining, a trellis-covered area beckons with chandelier lighting as well as a fireplace.
Inside, entertainment on the lower level includes a two-story, multifunctional room, and a wine wall. It’s staged currently as an art space with pieces from local art galleries, but it could also work as a sport court or a concert venue.
While parking in the neighborhood can be challenging, it’s a breeze for this homeowner. The property includes a four-car garage with a tunnel, as well as a covered driveway entrance.
And even with the array of amenities, the home was built to be energy-efficient and environmentally responsible. Along with a LEED Platinum certification, the residence comes with a solar array, LED lighting, and rain water management for irrigation and toilets.
For a buyer in search of a sumptuous space in San Francisco, there’s no need to look further.
“You have an oasis in the middle of the city,” Goodrich says. We’ll sip to that!
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