February 7, 2012
Scoop: A Record $3,000 Per Square Foot In San Francisco Within Sight
Quietly delisted from the MLS last week, tongues are wagging, and lips are being licked, with respect to Penthouse B atop 1170 Sacramento Street. And yes, it’s in contract.
According to our sources, the sale of 1170 Sacramento #19B should close at $6 million and set a new all-time residential record in San Francisco at over $3,000 per square foot.
The buyer hasn't been revealed. And while the sale hasn’t yet closed, don’t forget those invitations to the housewarming. Cheers.
∙ Shooting For A Record $3,000 Per Square In San Francisco [SocketSite]
First Published: February 7, 2012 8:15 AM
Comments from "Plugged In" Readers
I know for a fact there were a few people considering an offer at or near asking. I think with some competition this could have gone over.
Posted by: Eddy at February 7, 2012 8:22 AM
It's an important reminder to a curmudgeon like me who likes industrial carpeting, IKEA, and basic white that people will really pay up for the same place with lots of lipstick. Like the photo spreads, stars without makeup vs. stars with makeup.
Posted by: unwarrantedinlaw at February 7, 2012 8:47 AM
i bet the price includes the art work.
Posted by: * at February 7, 2012 9:28 AM
Instead of dollars per square foot, maybe we should measure in dollars per recessed light. I don't think I've ever seen so many.
[Editor's Note: You Can, Can, Can (And A Grand Reduction) At 1805 Broadway.]
Posted by: jason at February 7, 2012 9:28 AM
I wonder who grabbed this place?
Posted by: MarinaBoy at February 7, 2012 9:50 AM
No doubt the new owner is the same First Republic Bank exec that swooped up PH A and C. Both within the last year. Now he can build out a full floor penthouse mecca. Who else would have paid the over-the-top asking price? Only someone that had to have it.
Posted by: RJ at February 7, 2012 12:31 PM
> No doubt the new owner is the same First
> Republic Bank exec that swooped up PH
> A and C. Both within the last year. Now
> he can build out a full floor penthouse
That makes sense since over the years I've known of many SF famlies that sell the house in Pacific Heights or Presidio Heights and move to an apartment (like 2000 & 2006 Washington) once the kids are out of college. I wouldn't be surprised if Malin (or another top agent) ends up with a nice view listing on Vallejo in a year or so...
I don't know the family well, but 10 years ago I ended up at a Christmas sing along party at the Vallejo house and didn't spend much time singing in the front room with the piano since the view at the back of the home was just amazing (they also had the bar in the back room)...
Posted by: FormerAptBroker at February 8, 2012 11:01 AM
FAB had a good prediction. A certain house on Vallejo is being staged today.
Posted by: Denis at October 2, 2012 4:54 PM
@Denis, that one should be nice. Nina has the listing if I'm not mistaken. Where was the FAB prediction?
Posted by: eddy at October 2, 2012 11:14 PM
Nevermind, I'm blind. :) FAB = FormerAptBroker He has the house but not the agent. :) I'm curious to see if they get the price. Seems high.
Posted by: eddy at October 2, 2012 11:25 PM