2901 Broadway: Aerial

First listed for sale for $55,000,000 in 2007 having served as the 2007 Decorator Showcase Home, the seller of 2901 Broadway received a rumored four offers that year, all of which were countered at asking and all of which walked away.

Having been on the market since and reduced a number of times, most recently to $34,000,000 four months ago, the Gold Coast mansion is in escrow and slated to be sold by the end of the year according to a couple of plugged-in sources who also say the buyer is local, the identity of whom we can’t yet confirm.

If 2901 Broadway sells for within 3 percent of its current list price, it will become the most expensive home ever sold in San Francisco, relegating 2840 Broadway to the penultimate position at $33,000,000.
As plugged-in people know, 2845 Broadway which was listed for $38,500,000 and had a shot at the title ended up selling for $20,000,000 last month, unless a major miscalculation or other tomfoolery by San Francisco’s Assessor Recorder’s office is in play.

And yes, the city will be a big beneficiary of the sale of 2901 Broadway as the property tax bill for the Gold Coast mansion totaled $7,790 last year. The transfer tax alone on this sale should be over half a million dollars and the tax bill should be over $200,000 a year.