2006 Washington Street

The 10th floor of the überexclusive Pacific Heights building at 2006 Washington Street has traded hands in a hush-hush deal and at a price point never before seen in San Francisco.

While the seller had been privately seeking as much as $35 million for the 5,400-square-foot, full-floor unit #10, according to a plugged-in source, the sale price was closer to $30 million.

A sale at $30 million would not only make it the most expensive apartment (condo/co-op) in San Francisco, surpassing the $28 million paid for the nearly 17,000-square-foot penthouse atop the San Francisco St. Regis, but it would shatter the price per square foot record for all residences in the city, both current and anticipated, at over $5,500 per square foot.

And we’re told the buyers, who are not in tech nor from overseas, are working on plans to gut and remodel the unit.

The sellers of 2006 Washington #10 paid $14 million, or roughly $2,600 per square foot, for the unit in August 2000.  Zillow’s current “Zestimate” for the property is $6,461,232.

Designed by Conrad Alfred Meussdorffer, overlooking the Spreckels Mansion with unobstructed views of the San Francisco Bay, there is a much smaller unit on the “11th” floor of the building, but the 10th floor of 2006 Washington was the original penthouse unit and many still refer to it as such.

Comments from Plugged-In Readers

  1. Posted by The Milkshake of Despair

    Well if the HOA is anything over $1000 that would be a deal breaker 🙂

    • Posted by BobN

      With a record-breaker like that, surely the HOA should pay the new resident.

    • Posted by Bruce

      According to SFProperties, when #4 in this building was sold a few years ago, the HOA fees for that unit were listed at a hefty $4,907.85.

      • Posted by ess

        HOAs like that put this property squarely in the family of Fontana-caliber residences. /s

        • Posted by inmycountry

          This building makes the Fontana look like the projects

  2. Posted by Jimmy The House Flipper

    Just goes to show you Zillow isn’t always right! I had a potential buyer of a flip offer me the Zillow price after weeks of back and forth … too bad he was about $250k below what the actual market price ended up at. I did not even bother to counter his offer.

    • Posted by ElitistPig

      I think Zillow just takes an average of the area and touts that as the value, so unless all the houses / units directly around it just sold it isn’t accurate.

    • Posted by Mark

      How about ‘Zillow isn’t *ever* right!’ When have you ever seen it be right (in SF)?

  3. Posted by Denis

    Wasn’t the 11th floor split off from the penthouse? I hope the buyers are able to merge them back at some point. I heard about this a few weeks ago but was an “I’ll believe it when I see it” scenario. Considering how unique this property is, I don’t think this will have much of an effect on current pricing or sales in D7.

  4. Posted by Stop Driving

    The seller made his money in tech and lost it in fashion.

    • Posted by jenofla

      With this sale, he’s made it back in real estate.

      • Posted by Stop Driving

        Hardly. He lost hundreds of million$.

  5. Posted by Mark

    Good ‘ol Zillow.

  6. Posted by eddy

    Was the 11th floor part of this sale? Or just the 10th?

  7. Posted by MarinaBoy

    I wonder who the new lucky owner is?

    • Posted by EBGuy

      The lease hasn’t hit the SF recorders website yet…

  8. Posted by Matthew Hopkins

    Whew! pix from inside this beast. It’s brilliant.

    • Posted by Fishchum

      Good god, do people really live like this? What are they, 120? There’s some nice detail in some of these rooms, but I have no idea why these living and dining rooms do all these 17th century high end French brothel thing.

      • Posted by pity the lords of the land

        the unspeakable in pursuit of the inessential

      • Posted by Dixon Hill (fka sausalito_res)

        That place is just *asking* to be white-boxed!

  9. Posted by jlasf

    More pictures. The interior design is by David Kensington.

    Seeing this called merely a “pied a terre” makes me feel very, very, very poor.

  10. Posted by soccermom

    Did Tom Wolfe buy it? Very Bonfire of the Vanities.

    I think a cravat just shot out of my DVD drive when I clicked on the link.

  11. Posted by Amewsed

    Where the heck are all of the Middle East/Saudi money? I thought Emirates, Qatar, Etihad Airlines would shuttle some oil money into this town. In Town & Country magazine, I read a Saudi prince spent lavishly to recreate the whole European Christmas in Austria (in October) for his “leggy Welsh mistress.” He needed to spend the December holidays with his actual family. I don’t care about how the place was decorated, just want to check out the Welsh mistress.

  12. Posted by Conifer

    People do live like this, although it is obviously an acquired taste, and more often acquired on the east coast or Europe. What you discover when you sit down to dinner, or drinks in the library afterwards, is that it is very comfortable, almost soothing, easy to like. All those skilled craftsman and “interior architects” knew something about creating houses and apartments for people with servants. The buyer of this apartment has servants.

    • Conifer,
      I agree with respect to the quality of the library and the interior detailing in general. Other aspects of the interior are gaudy and gauche. Especially the chandeliers. This apartment could use some subtlety. For me, this looks like someone trying to affect their idea of how old money lives. Like Navin Johnson’s house in “The Jerk” or this place (namelink).

      The Pierre Hotel in NYC is about as elegant in an “old world” style as anything you’ll find and the interior is much more understated than this place. For more local examples of elegance done right, check out the PU or University Clubs.

  13. Posted by Conifer

    The PU is not continental, and for the style it is, it is very grand. The University Club was very appealing until a certain president decided to “freshen it up” by painting the dark wood, a huge mistake, ruining the original ambience.

  14. Posted by Jim

    Zillow is completely worthless in this market and any market for that matter. They’d make no money if it wasn’t for naïve agents that advertise on their site. What a great business, shuffle data provided to you for free and charge the agents to advertise on their site that provided that information. And then provide bad information to the general public and never remove listings that have sold 6 months ago so you can advertise that you have the most homes on your site. Zillow is all smoke and mirrors, they really and truly suck.

  15. Posted by RyNSF

    For $30 Million you have an upstairs neighbor? Please tell me this isn’t so…

Comments are closed.

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