February 14, 2006
Checking In On 300 Sea Cliff Ave
At $23,500,000 (or $2,635/sqft) the home at 300 Sea Cliff Ave remains the most expensive single family residence for sale in San Francisco (and listed on the MLS). And after three years on the market...it has yet to advertise a single price reduction. So keep saving, and don't worry, we’ll keep you posted.
First Published: February 14, 2006 1:45 AM
Comments from "Plugged In" Readers
Zillow estimates this property at $14.4 mil., and states that property taxes were $162,060 in 2004! Quel 'burn rate'!
Posted by: Squashblossom at February 14, 2006 12:20 PM
Adam, how is it that you decided to publish a blog about San Francisco when you're a licensed agent but not a member of the San Francisco Association of Realtors? Isn't your 'conditional' license held by a broker in Los Altos? Shouldn't you focus on those areas that you really 'know'? Or if you feel like SF is really your home, shouldn't you join your local association and perhaps a local company? At the very least, your readers should know who you are and what your qualifications are.
Imagine, if you were actually a Realtor and member of the local association, you could get legal access to the MLS! If you have the access now, you're doing so illegally...
Posted by: Anonymous at February 14, 2006 5:27 PM
Great question. Poor form. But since you asked...
Posted by: Adam at February 14, 2006 9:33 PM
I am incredulous that the MLS is a closed system, open only to 'insiders'. Other marketplaces have transparency requirements to reduce the possibility to manipulate individual investors and the market in general.
The Realtor (tm) cartel deserves to be dismantled.
PS. Adam, your site rocks. Great writing, great work.
Posted by: SMB at February 15, 2006 4:11 PM
Nice job putting this punk realtor in his place. Your point highlights an important fact: realtors know the immediate conditions of the market, but they are generally pretty clueless about the larger economic context. I still laugh thinking about the realtor who told me, back in 2001, to lock in my loan because rates were heading up. Not "IMO" rates are going up; she didn't have the slightest idea how rates work. Your average realtor, in my experience, is frankly baffled by the basic arguments against home values today. Maybe this is a little harsh, maybe too blunt, but here it is -- the truth of the matter is that your average realtor isn't very well educated.
Posted by: IWT at February 16, 2006 1:35 AM
Realtor cartel? Get a license, pay your dues (literally), and you're in. It's one of the most open professions out there. But if you turn the MLS into some data rich version of Craigslist or Ebay, then I think you'd really have a problem with fraud and ethical problems and lack of professionalism. When you join the MLS you don't just have the right to "post" and read listings, but you have to abide by ethical and legal requirements that, if you don't follow, could jeopardize your access, license and career.
Posted by: Damion at February 16, 2006 11:10 AM
Did this finally get sold? It's no longer active on MLS.
Posted by: kthnxbye at February 5, 2008 12:58 PM