Hidden behind non-disclosure agreements and tax records stamped “DO NOT FILM,” you’re not supposed to know about the sale of 2950 Broadway which was purchased for $29,500,000 in 2011, remodeled a bit last year, and very quietly traded hands last month.
And you’re definitely not supposed to know the confidential sale price which has set a new record for homes in San Francisco.
With $875,000 in transfer tax paid to the city, the sale price for 2950 Broadway was $35,000,000 or roughly $3,182 per square foot, displacing 2840 Broadway to become the most expensive single-family home ever sold in San Francisco.
As we first wrote about 2950 Broadway back in 2009, “it’s the outer Broadway mansion from which Melvin Belli ran naked firing a pistol at his wife who hosted a real estate show for the highest priced properties on television,” the only one with a heated outdoor pool.
The seller of 2950 Broadway was musician (think Tangerine Dream) turned real estate and natural resource investor Peter Baumann. The buyer was hidden behind an LLC.
Stay tuned for the hidden identity of the buyer who wasn’t a Facebook, Apple or Twitter founder. Nor was the buyer from overseas.