Ten million dollars ABOVE asking. Yes, that actually happened.

At 20 Cherry Street in Presidio Heights, the asking price was $18,500,000. The October 22 closing price? $28,500,000. That’s a $10,000,000 jump, or 54.05% over asking, reportedly San Francisco’s biggest overbid by dollar amount.

The 1966 midcentury estate sits along the Presidio Wall on roughly 13,447 square feet of land. Eight bedrooms, a private garden, a three-car garage, and more than four decades in the same family. Good luck finding another property with that much land along the Presidio.

And the street had already been busy. A week earlier, 120 Cherry Street closed at $17,150,000 on a $14,000,000 ask. Another $3,150,000 over.

Two homes on Cherry Street, $13,150,000 combined over asking. That’ll get your attention…

For more overbid sales, head to The Goods.

Thinking of buying or selling? Contact us today to work with the only realtor in SF giving back to the planet with each transaction.

Alexander Clark
theFrontSteps Real Estate
Top 1% SF Agents
Founder theFrontSteps
DRE# 01339386
@theFrontSteps
415-254-5351
[email protected]

“Alex is, simply put, the best real estate agent in San Francisco. In a span of a few years, Alex has helped us buy two homes, and sell another two. Most of those deals presented unusual, and daunting challenges–financing problems…” Continue Reading