August 16, 2006
Coming Soon: 2525 Webster
We’ve been closely following the transformation of 2525 Webster's exterior. And we're looking forward to an opportunity to explore inside (we expect it will officially hit the market around Labor Day).
According to the property statement (pdf), the 7800+ sq.ft. house now boasts 7 bedrooms and 6.5 baths; a wall of French doors that open from the living room to a large deck; a “chef’s kitchen with 2 sub zero refrigerators, thermador double ovens, 2 dishwashers, 2 sinks, [and a] wolf 5-burner Cooktop”; a 1000 sq.ft. master suite with private terrace and marble baths; a pre-wired media room, sauna, and wine cellar; and 5 car parking.
And while we have a pretty good idea of the list price, we've been told it has yet to be set in stone. Anybody care to venture a guess and prove your pricing prowess? (Keep in mind that the house last changed hands for $4,000,000 in July of 2005, prior to the total overhaul.)
Update: Okay, so we had heard $7.26M. Based on the comments below, perhaps that’s actually a bargain. (Or perhaps now they’ll just adjust the price upwards…) [Editor's Note: Not that you have any reason to believe us, but Gregg is spot on, and we actually meant to write $7.6M. And no, we're not covering the difference...]
∙ 2525 Webster Street: Statement (pdf) [glass-moore.com]
First Published: August 16, 2006 12:00 AM
Comments from "Plugged In" Readers
I live in the neighborhood and have been watching this for a while since it was purchased a year ago. I was interested in it, but the home needed a major overhaul. The new owners must have undertaken an enormous and expensive renovation. The pictures are very impressive. I can't wait to see it! My guess would be about $1000/sf, so maybe $7,800,000?
Posted by: Frank Goldstein at August 16, 2006 11:52 AM
My guess: They'll ask 11M.
Is this like the Price is Right? Closest without going over?
Posted by: Dan at August 16, 2006 1:16 PM
Considering all the mega-mansions in that area and the price for living high on the pac heights! North of $8.5, south of $10M; easily. I'd have to see the inside. The place is huge!
Posted by: Andy at August 16, 2006 2:45 PM
Frank wins. We've heard $7.6M. Then again, if they've been "plugging in" to SocketSite, perhaps now they'll feel comfortable adjusting upwards...
[Note to Frank: If you buy it, please don't forget to invite us to the housewarming.]
[Note to Gregg: Damn it, we really did mean to write $7.6M]
Posted by: SocketSite at August 16, 2006 10:30 PM
The realtor's bet is $7.65M
Posted by: Gregg at August 17, 2006 4:49 AM
It's on at $7.25M; so everyone was too high! Still I wouldn't want to be selling a 6M+ house in this market!
Posted by: eddy at August 30, 2006 5:07 PM
Sorry Eddy,
You may not want to sell a home for $6M+ in "this market", but so far this year there have been 24 sales over $5M and 4 sales over $16M in San Francisco.
Time will tell, but the high end market is not cooling off.
Special homes and condominiums are hard to find and rarely available. Watch for the new Mansion coming on the market on Broadway for $30M+!!
Frederick
Posted by: Frederick at August 31, 2006 12:53 PM
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