On the market for $2,389,000 this past September, reduced $2,280,000 in November, and then withdrawn without a sale, the newly constructed duplex at 1240 5th Avenue is now being billed and raffled as the “San Francisco Dream House.”
From the Dream House site (with photos, floor plans, and details):
The San Francisco Dream House Raffle is a large fundraiser. The raffle aims to raise funds for Yerba Buena Center for the Arts in its continuing effort to support the arts in San Francisco. In addition to supporting YBCA, the raffle will be giving away over 370 prizes, of which the grand prize is a $2.4 million San Francisco dream home or $1.8 million in cash.
We can’t argue with the Yerba Buena cause, but the market might argue with that “$2.4 million” valuation. And no word on any arguments over what was there before:
UPDATE: Now about what’s really not there right now…
∙ San Francisco Dream Home (1240 5th Avenue) [sfraffle.com]