Category Archives: Presidio Heights

Zynga Co-Founder Mark Pincus Sells Presidio Heights Pad For $8,200,000

[Editor's note: I just realized I misspoke. The home is not in Pacific Heights, it is in Presidio Heights. Locals will know the difference, visitors might claim six of one half dozen of another. Regardless, the mistake has been acknowledged and changed.]

In other news to take us to the weekend, Mark Pincus, co-founder of Zynga, has sold his home at 3855 Washington. It just closed escrow for a mere $8,200,000 (originally asking $8,900,000).

Real estate haters will be quick to point out it spent a “long” time on the market (126 days), and was sold under asking, but I’d like to remind people that might be getting a little bit jaded…we’re talking eight million two hundred thousand dollars here folks! You think they’re trading that kind of property in Kansas!

Happy Aloha Friday. Enjoy the weekend. I’m out…and playing “Words With Friends”.

p.s. The buyer of this home, just like 2701 Broadway, came from a Zephyr Real Estate agent. Just sayin’….

Opportunity For Fence Sitting Sellers And Desperate Buyers

Are you somebody that lives in San Francisco, has a home that is either on one level or contains an elevator, and you’ve been on the fence about selling your home? PocketListings.net has a buyer for you, they aren’t picky about their neighborhood, and they have $2,000,000 to spend.

Maybe you are a resident living in Pacific Heights, Sea Cliff, Cow Hollow, or Presidio Heights and you don’t want all the hullabaloo of listing on MLS, but you’d love for a buyer to come take a look at your home. PocketListings.net has a couple of those multi-million dollar buyers too.

Are you a buyer looking for a two unit building in the Marina? PocketListings.net has that too!

The moral of this story is if you are a buyer or seller anywhere in the United States, and especially in San Francisco (our hottest market), you should not only be visiting the site yourselves, but telling your real estate agent to do the same. There are opportunities galore, and it’s getting better every day!

-Single Family Home Buyer Needing One Level Or Elevator Home
[PocketListings.net]
-Pacific Heights, Presidio Heights, Cow Hollow, Sea Cliff Buyer [PocketListings.net]
-Marina Two Unit Building “Not On MLS”, $2,800,000 [PocketListings.net]

From $2,500,000 To $10,000,000 In Presidio Heights At 3362 Jackson (No Joke)

Purchased for $2,500,000 in August of 2009, 3362 Jackson came back on the market April Fool’s Day 2011, and it is no joke. Currently six bedrooms, seven bathrooms, and roughly 5800 square feet of luxury, if you think this was a “quick flip”, think again.

Separate yourself for a moment from the marketing and spin to get this thing sold, watch the video, and contact me to get a look inside.

It is after all, “State of the Sexy!”

-3362 Jackson [MLS]

Another Reason to Love Living Here: The Heights

Seacliff in San Francisco

Fridays are for less serious real estate topic-age, so here is a meaningless poll and a tribute to another characteristic that makes SF unique.

Riding my bike through the Presidio last Saturday, I decided to cruise Presidio Heights. And oh my, the elevation-  in status, I mean. It’s dizzying. The homes are palatial, complete with giant grand pianos, harps, chandeliers,  all of which one can glimpse through elaborate stained glass windows. This got me wondering: why did I pick “teacher” as a career path?

But I digress. From a real estate standpoint, which Heights are really the highest (as in, highest class)? Where would you most desire to spend your halcyon days?

For my money, the top four are Presidio Heights, Pacific Heights, Telegraph Hill, and Sea Cliff.

No offense to any other Heights or Hills. Let’s be honest: SF is chock full of breath taking views from almost every corner (and I’d be thrilled to own a house in any of them), but if we include proximity to open space (like the Presidio or the ocean), the size of the homes and their lots, yards (front, back, side) and those cool carriage houses in back that are bigger than most people’s primary residences, then really, these four take the cake.

But I’m a sucker for parks and beaches, and if I have to pick from there, it’s sand and surf forever. My vote then is Sea Cliff.

Here are four ridiculously lush listings, one in each of my hypothetical contender’s neighborhoods. Study them, perhaps shedding a tear for your own career choice. From your own city explorer insight, which height is really the tops? Are certain areas more steady as investments? Are these places really worth all this dough? And are there really still enough buyers for places like this? After all, the four below are just four of myriad listings on the MLS for well over 3 million dollars, when the the San Francisco Census put the median income in our fair city at less than $70k.

2901 Broadway (Pacific Heights) (7 Bedroom mansion for $45 million.)

37 Presidio Ave (Presidio Heights)  (7 Bedroom single family for or $5, 395,000)

632 El Camino Del Mar (Sea Cliff) (5 Bedroom single family for $9,000,000)

 1454 Kearny St. (Telegraph Hill) (3 Bedroom single family for $3,500,000)

 

Sea Cliff shot via Panoramio

From Mid-Century to Modern, 3577 Pacific Returns (Almost)

The last recorded sale of 3577 Pacific (2 bed, 1.5 baths, on the Presidio wall right across from Julias Kahn Playground) was August 31, 2005 for $2,225,000 and she was definitely a mid-century diamond in the rough. Well…she’s back and she’s looking sweet. She did get a bit bigger, and more modern though.

She’s been developed by Mitch Menaged, designed by John Maniscalco Architecture, and Huang Iboshi Architecture and now has six bedrooms, four bathrooms, roof deck, waterfall, chef’s kitchen with Miele Double Ovens, Steam Oven, Espresso Machine, Dacor Microwave Drawer, Gaggenau Ceramic Cooktop, Liebherr Wine Cooler, an 800 bottle temperature controlled display wine cellar, Phase Four Home Automation System, Philippe Starck designed Duravit tub with ceiling water fill, custom cabinets, walnut flooring, Cat 5 wiring, Carrera Marble Fireplace, sculptural stone, iron & glass cantilevered staircase…(deep breath)…and of course a few “green” features like energy efficient radiant in-floor heating, wiring in place for photovoltaic panels, made with fly ash concrete, and a drought tolerant landscape, but we’ll stop there.

Pics, you ask?
You’ll have to settle for the old ones for now, the new ones are coming soon. This home should be on the market within the week, and don’t expect the price to be anywhere near what it sold for in 2005.



There is an invitation only preview on Thursday, so if this is the type of home you’d like to buy, we’d be happy to take you as our guest.

(For those that sometimes ask, the answer is yes. As is the case with most properties we feature on theFrontSteps, we have already been inside this one as well. So agents, keep those invites and tips coming.)

[Update: Price $7,700,000, still no pics.]
[Update: Price already reduced (one week on the market) to $6,950,000, still no pics.]
[Update: Brochure with pictures and floorplans now online.]

-3577 Pacific Avenue (before) [MLS]

A Done Deal at 3647 Washington ($910,000 over asking)

We’ve been through the over/under debate countless times, but when the big ones hit we have no choice other than high-light them, and 3647 Washington is no exception.

3647wa

According to MLS, this five bedroom, four and one half bath single family home in Presidio Heights hit the market March 26th at $3,595,000, spent a staggering 12 days (or less) actually “on” the market, and just closed escrow for $4,505,000…or 25% ($910,000) above asking.

We again say, look past the over/under debate on whether it paints a picture of the market and think more about the desire of one person to have that property so much more than the others. Also think about the ones that lost.

3630 Jackson…a done deal? (Asking $18M)

Since we’ve recently been on the subject of high end ultra high end homes changing hands, we thought we’d bring your attention to 3630 Jackson, a home in Presidio Heights that was recently on the market and “withdrawn” at $18,000,000.

3630jackson

According to our reader, another reliable source, and Property Shark.com, it did indeed “resale” on 11/30/2007 with a recorded loan amount of $11,800,000. We’ll let you all guess as to the actual sales price, unless someone wants to comment on the matter. For now, our lips are sealed.

That would make three sales in as many months that get a total value sold up around $45,000,000:

2820 Pacific

3730 Washington

3630 Jackson

Wow!

Done Deal in Presidio Heights: 327 Locust

We’re putting 327 Locust (3 bed, 2 bath SFR condo (oops!) asking $1,798,000 selling $2,025,000) up per reader request.

327locust.jpg

We acknowledge this sale closed 10/31/2007 and we are now in the beginning of 2008. The market has changed since then, but an eye-catching sale nonetheless. Or shall we say classic “competitive pricing” situation?

If you’d like to see the sales history, check out Redfin.

-327 Locust [mls]

-Property History [Redfin]