A mansion on Billionaires’ Row just blew the previous record for priciest sale in San Francisco this year out of the water.
The 7,320-square-foot home at 2930 Broadway in Pacific Heights closed its off-market sale for $42 million, the San Francisco Chronicle reported. The previous record was set in January with the $30 million sale of 260 Sea Cliff Avenue in Sea Cliff by the Shorenstein family.
The seller of the Pacific Heights property was the estate of Brooks Walker Jr., a longtime business and civic leader in the Bay Area who died last year at 96. The property had been in the family for about 60 years.
The buyer was listed as HOS Pacific LLC, a California company with ties to Texas, the San Francisco Business Times reported. The San Francisco Standard, meanwhile, reported that the LLC is connected to Joseph O’Neill, a Texas oil executive and friend of former President George W. Bush.
It’s the second major transaction on Broadway in the past week. The sale of 2898 Broadway a block away is now in contract after listing for $26 million. The seller was Jim Willenborg, managing partner at local investment firm Baker Street Partners; the mansion was originally listed at $32 million in 2023.
San Francisco’s luxury market is red-hot, and the latest record-setting sale is an indicator of just how in-demand high-end homes are. As artificial intelligence grows and tech workers flock to the city, it’s become increasingly difficult for luxury buyers to find properties, leading to an apparent mansion shortage.
Sales of homes in San Francisco that were priced above $5 million were up 55 percent last month compared to the previous September. Total home sales were up 35 percent year-over-year.
Despite the $42 million price tag, the 2930 Broadway sale doesn’t touch the all-time record for home prices in San Francisco. That record belongs to Laurene Powell Jobs, who bought a mansion down the street at 2840 Broadway last year for $71 million.
Outside the city, the biggest transaction of the year in the Bay Area was the sale of the 74-acre Green Gables estate last month for $85 million. That price was a sizable haircut from its original listing at $135 million.
— Chris Malone Méndez
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