Speaking of homes that have traded for over $10 million in San Francisco, the cooperative apartment #1601 at 1750 Taylor Street (a.k.a. The Royal Towers in Russian Hill) has just traded hands for $11.1 million, or roughly $3,350 per square foot. And that’s not even the eye-popping part.
As plugged-in readers might recall, the former three-bedroom unit was on the market as a pocket listing early last year for $10.5 million, having been purchased for $3.2 million at the end of 2010 and then taken down to the studs and reconfigured with a new two-bedroom floor plan.
And 1750 Taylor Street #1601 quietly sold to a new executive at McKesson for $9.1 million last March (2015), or $2,743 per remodeled square foot, fully furnished and financed with a $3 million loan.
Today’s $11.1 million sale included the furniture as well. The buyer is not in tech nor from overseas. And according to the seller’s agent, Monica Pauli, there was a competing offer as well (albeit likely for less).