The sale of the Billionaires Row mansion at 2701 Broadway has just closed escrow with a contract price of $31 million, a whopping $8 million under asking but still $4 million more than celebrity chef Roxanne Klein and her entrepreneur/environmentalist husband Michael Klein (who once toured with The Dead) paid for the 16,000-square-foot home in early 2012.
Designed by James Miller and built for a lumber magnate in 1910, an overhaul of the five-level Pacific Heights pad started in the late 1990s with Moller Willrich Architects leading the way.
And once again, the lower-level basketball court in which a former owner would throw school dances wasn’t an original feature of the home (and resident shooters better not have much arc).
At $31 million, 2701 Broadway is now the third most expensive home in San Francisco, slotted behind 2840 Broadway at $33 million and 2950 Broadway which fetched $35 million in 2013.
Wow – congratulations to all. While the ultra high-end is almost impossible to value, this price seems right on the money based on its early ’12 sale price. Awesome house, still the nicest interior of all the Gold Coast homes. Well, maybe not Ellison’s, but none of us will ever get to see that so we can only imagine.
The ceilings don’t seem high enough for a basketball court.
Previous owner was more of a dunker/baseline player. I passed on the house as I’m a perimeter player and the ceiling height limited my game.
Definitely can’t make any 3’s on that court.
Maybe someone from the Memphis Grizzlies bought it. Ba-dum ching!
Finally a genuinely funny comment on Socketsite…
I think it is more about the size of the balls rather than the height of the ceiling, in this case.
Surprised this went for over its last sale price. Seemed high at the time and hard to appreciate value at the highest end of the market.
Someone should buy the concrete monstrosity next door to the west, 2725 Bwy, and knock it down and build a house suitable to the neighborhood.