Halsey Minor paid $20,000,000 for the 18,000 square foot mansion at 3800 Washington, the adjacent 2,618 square foot guesthouse, and the undeveloped lot behind back in 2007.
Having been deemed “abandoned” by the city in 2011 with an order of abatement issued for failing to comply with San Francisco’s Abandoned Building Ordinance, the property was spruced up a bit and returned to the market last May listed for $25,000,000.
This morning, the list price for the trio of Presidio Heights properties was reduced by $4,000,000 (16 percent), now asking $21,000,000. Congratulations if you picked another price cut in your mansion sales pool, or Oregon and California in that other one.
∙ Listing: 3800-3810 Washington / 125 Maple – $21,000,000 [byzantiumbrokerage]
∙ Minor’s “Abandoned” Mansion At 3800 Washington [SocketSite]
Beauty Blight Is In The Eye Of The City (And Perhaps Your Neighbors) [SocketSite]
∙ Halsey Minor’s “Abandoned” $20,000,000 Mansion Hits The Market [SocketSite]