Just listed at fifteen (as in $15,000,000), as best we can tell it somewhat recently changed hands for a little less than eight (apparently $7,500,000 after being listed at $7,950,000). We’ll have to count on the generosity of a plugged-in reader/tipster to fill in the date(s), and if we’re lucky, perhaps the inside scoop.
∙ Listing: 120 Sea Cliff Avenue (6/8.5) – $15,000,000 [MLS]
∙ Sold: 120 Sea Cliff Avenue – $7,950,000 [Joel Goodrich]
Whoa.
Property Shark lists the last sale date as 2004… and the sale price as 7.5 I have no idea if that’s true or not… but it sounds accurate. I vaguely remember 120 being on the market. 15 million though is just too high. There are no comps to my knowledge to support that sale price.. 10-12, maybe, but 15? Come on.
“10-12, maybe, but 15? Come on.”
When you’re talking 12, what’s another 3? Nothing at all.
Lol.. I just meant there are some comps on that street that sold for 10 and 11.5 million over the past year or so.
Even people who can afford this house aren’t dumb enough to pay double what the house sold for just three years ago, especially since it looks like the current owners did nothing to the interior except paint it.
“When you’re talking 12, what’s another 3? Nothing at all.”
You have got to be kidding. That’s exactly the opposite of how most wealthy people think. Especially if they’ve created their own wealth.
That’s true, wealthy people didn’t get wealthy by overpaying.
what a joke. reminds me of that other house in seacliff that sold for 2.5mm a few months ago. Someone simply changed the staging furniture and offers same house for 2.95mm.
^^^ huh?
What is really funny…is this blog site. It is like writing a critique on a Porsche for CAR & DRIVER and never stepping in the car. The story on this house is pretty interesting. Asian owner who owns all the Starbucks franchises in China (big $$$) thinks Armageddon is coming after 9/11. The buyer/current owner steals it for $7.5+ M with help from a great “buyer’s agent” David P. at McGuire. The Asian owner goes and buys a boat and waits for the world to emplode… he is still out to sea. The original house was very odd… Current owner came in and spends a small or large fortune… I guess it is all relative… (but big $$$) redoing the entire house. Saw it from the inside… only house on the luxury market that is totally “DONE” and move in ready… most all the others, like Washington and some others need tons of work.
Price probably hasn’t changed since 2004 in non-dollar currency. From a Canadian buyer’s point of view, it’s a bargain! Go USA!
^^ huh??
^^^ it’s called cross-currency exchange. go buy a cup of coffee in Europe and you’ll figure it out.
But the price doubled ? Go buy a calculator at Walgreens and ‘splain that to me.
William, I think you may have your info wrong. I thought David Sun owned 98 SeaCliff next door.. not this house. It sold in 05 for somewhere in the 7s..
All, I know is that if the current owners spent “big bucks” remodeling, you would think they would’ve put in some overhead lighting.
Why Canadians don’t care this price has doubled…
Then…
9/11/01 price = USD 7.5mm
“big bucks” improvements = USD 2.0mm
Total “cost” on 9/11/01 = USD 9.5mm
CAD/USD exchange rate on 9/11/01 = 1.57
Total “cost” on 9/11/01 = CAD 14.92mm
Now…
Asking price on 10/7/07 = USD 15.0mm
CAD/USD exchange rate on 10/7/07 = .98
Asking price on 10/7/07 = CAD 14.7mm
This house actually costs less today in Canadian “Loonies” than it did 6 years ago!
…AND since San Francisco is much nicer than Canada, this must be a bargain!
lol. how much in yen? rupie? ruble?
I’m kidding. But it isn’t as if things happen overnight. It’s a gradual change. That’s why I don’t agree with that take.
well, we can probably agree that it’s still a friggin sweet house
Absolutely. Only a very small number of properties have that sort of world class, and world famous, view.
The first thing I would do is get a good soils investigation from a firm that does not work with realtors, but with architects-engineers-and contractors. On my projects we sometimes use two or three firms when presented with a situation such as this. It is an amazing house, but I would not trust that cliff, ask all the people who paid similar prices down in Malibu, and if I remember from about 5 years ago, wasn’t there problems before on this street?
When you figure out the cost of the view related to the number of days without fog you will come out ahead paying more in Pacific Heights…
I believe I’ve been in this house, wasn’t it a Decorator’s Showcase a few years ago?
[Editor’s Note: Close, but you’re probably thinking of 164 Sea Cliff (2003) or 250 Sea Cliff (1996).]
ahhhh, that lovely Napa Valley meets Walnut Creek meets Tuscany look….right here in the City!
Was this the original design of the facade OR a rather poor re-design? It does have a sort of “Napa meets Walnut Creek” sort of look.
Absolutely. Only a very small number of properties have that sort of world class, and world famous, view.
Yeah, but the neighbors.
I just toured this amazing house and can report that the major renovation is world-class. The furnishings and art are not to be believed. Definitely one of my favorite houses currently on the market.
My family and I lived in that house for 26 years before we sold it – within a decade.It has been remodelled twice since we left it. The current asking price is more than 100 times what we paid for it!!!
it’s mine
show more pictures
This is the house Sharon Stone live in.
Obvious “oh yea this is S.S. house” mark up in the price.
She and past husband (forget his name but editor of SF Chronicle) filed a lawsuit against their neighbor to block the view of the bridge about 5 or so years ago.