While it’s not yet listed, the completely re-built Cole Valley home at 150 Carmel is about to hit the market with an asking price of $7.69 million, a sale at which would not only make it the most expensive home in the neighborhood, but would be nearly double the $3.9 million which was paid for 4924 17th Street in 2007, the current holder of the title.
Designed by Sutro Architects and built by Design Line Construction, the contemporary four-level home now measures 4,800 square feet, with 5 bedrooms, 4.5 baths, and parking for 4 cars (including one space with a charging station).
The property, which sits on the southern border of Cole Valley in the heights of the neighborhood, was purchased as “a total fixer” for $1.855 million in early 2013, with an oversized yard, big views and an “obvious potential for expansion…that would lead to an incredible and grand Cole Valley home.”
$7.7m for 4800 sqft is still a fairly lofty $1600/sqft for that area. And usually only smaller places get the higher $/sqft values anyway. What’s so special about it other than it has more sqft than most convenience stores?
Ah…maybe the design itself and the quality of materials.
Location? Cole Valley is divine in itself and this property has views to match.
It’s a great neighborhood- plenty of services and a mix of folks.
I’ve seen it and I think this place is larger than 4800 sqft. It’s not a neighborhood I’m really familiar with but the views are surprisingly lovely and it seems quiet.
The only problem with Cole Valley is the fog and wind, especially in this location. It gets better if you go over the hill into Corona Heights. Even with that, Cole Valley is still one of my favorite nabes in The City.
Long my very favorite SF neighborhood. You are virtually at its geographic center with an amazing array of easily walkable amenities. Yet, if you choose to do so, you can fancy yourself in a secluded country village. One of the things that makes San Francisco so special.
Actually, fog isn’t the issue. It is protected up there. The fog bank cuts across the city to the north of the there by about a half mile. Closer to Waller and Cole. It is windy though.
I agree that fog is not a big issue there, but I don’t think the wind is bad, either. The location of that house is nestled low, and protected to a large degree by Sutro Forest. Going east on Carmel St. by a block or so toward Clayton — i.e., up the hill — is where the wind picks up IMO.
7 posts already and nobody has complained about the white paint or the absence of crown moldings and wainscoting yet? SocketSite is changing…
New construction should absolutely be a blank canvas.
“…obvious potential for expansion…that would lead to an incredible and grand Cole Valley home.”
So this is a 7.7M seed home that needs more work before it can be considered “grand”? It seems pretty grand as-is.
Um, Dur! That quote was from the original fixer listing. And it looks like the prediction has been fulfilled.
nevermind
Lovely home, but $7.7m is insane. At least it is far enough up the hill to discourage the Haight loonies… the usually don’t trek much farther than Parnassus.
I’m almost positive the weird Haight people actually drive up property values. Meaning, if you removed everyone weird and crazy and left the people who could afford 7 million dollar homes, home values would drop. Just a theory of mine at least.
People who can afford $7 million homes are often loony in their own (more harmrful) ways.
I can see a Smithers cackling insanely “This company has been in business for 100 years and makes industry leading products. If we take on a ton of debt, charge “management” and “consulting” fees we can close down the plant, ship all the machine tools to Myanmar, and make out like bandits”
$7.7m doesn’t buy you a foyer? The front door opens right into the living-room/dining-room/basketball court ? Tacky.
Having looked through the photos… materials don’t really seem up to that asking price. And the arrays of square recessed cans everywhere? Unfortunate.
These commercial-style windows, light wide-plank floors, gutted-open plans… I’m constantly amazed that this seems to be what a large number of buyers obviously think of as luxurious, since they seem to sell.
It is a gorgeous house, lovely. But this is San Francisco folks. This current design trend of walls of glass are very misleading to buyers who are not knowledgeable about “Karl”
Again, the home is beautifully designed but I wouldn’t not want to be cleaning all those windows every week!
If you can pay 7.7 mil for a place, you have servants cleaning the windows.
Karl? Is he related to Uncle George?
Buckle up folks. I think we’re going to see homes like this one more and more; sell faster and faster. Will this sell for $7.7? No clue and it seems lofty but this will sell fast and for a mighty premium. And it’s not going to be the last one like it. They are really not building any more SFHs in SF so the good ones in good locations will go quicker and quicker.
(Namelink) is one such house barely a block away.
One factor in these price points is that the land value of a property with views is now over $2 million.
Speaking of views, this place has the western views chopped by the neighboring structure to the west that appears to extend back an additional 15 feet or so beyond this place. Good job minimizing that in the listing photos, though it would be hard not to notice in person.
I do not know about Sutro Arch. but Design Line keeps building the same thing over and over and over- and he (Mr Design Line) lives right by this property- you can easily pick the house out based on this one—-BORING AND LAZY –
This house looks amazing! Not that much modern architecture in NorCal, so great to see this kind of home get built in the heart of SF.
Rubbish. Haven’t you heard of the Bay Region Tradition? The East Bay Hills are full of Modernist houses.
UPDATE: No Sale For Eye-Popping Cole Valley Listing (Yet)
UPDATE: A Record Setting $6.5 Million Cole Valley Sale