Speaking of infamous high-end lairs on the market around San Francisco, despite an effective $4 million reduction from an asking price of $12 million last year, the listing for Gurbaksh “G” Chahal’s 3,355-square-foot penthouse atop the Infinity has once again been delisted from the MLS without a reported sale.
The penthouse, 301 Main Street #37B, was purchased by Chahal for $6.925 million in early 2008 and another million was subsequently invested in upgrading the condo, which included a reported $250,000 in marble flooring alone.
Chahal, who was sued by the Infinity’s Homeowners Association a few years ago, has been battling charges of assaulting a former girlfriend in the condo’s master bedroom pictured in the gallery above.
Infinity has been leapfrogged by Lumina in terms of finishes, design, etc. This guy might be a bit stuck with it, with a huge price point in the last gen rincon hi rise just to break even. wasted time working down from 12MM.
still a decent unit, not to many $$ to strip out the garish parts and redo.
A typical buyer for a 3300 sq. ft. penthouse would presumably change the finishes?
Extra for the bleach to scour everything about the place
I think it’ll take more than bleach to do that.
Nothing will ever be built to block this view. Lumina can’t say that.
when rincon hill was being planned 12 or so years ago there was a lot of debate re the value of the lumina site compared to the value of infinity site. at the time, the people involved (developers, investors, brokers) significantly discounted the pro forma sales psf value of lumina site because of (from the ground) perceived value of views and lesser view discounts.
It has worked out very much to the contrary on initial sales value, resale value, all measures.
Not saying views don’t matter, but timing, design, quality, finishes, room sizes, amenities all move the meter, potentially a lot.
Sounds like you just purchased a unit at Lumina.
Did not. But between the two I would.
Okay, someone does buy this and it disappears into the housing stock for a decade before the next resale. Someone new buys it and gets the shock of their life when they start pulling up the wall to wall carpet to find thousands of square feet of white marble flooring someone put carpet over.
not enough sage in the world to purge the evil spirits in this place
Might want to throw in an exorcist in addition to the typical 12-month home warranty.
Ooooooooo this has all the making of an epic Lumina vs. Infinity debate. It brings to mind the heady days of yore, when the debate between ORH and Infinity raged on SS.
sometimes I feel like I’m the only one who remembers that! I’ve been waiting for it to re-ignite with the release of the “Harrison”, but partisanship over particular condo projects seems much abated…
There are more, better view units in the Infinity vs. the Lumina; Lumina has better amenities (though I’d hate the valet parking at the Lumina).
Other than that they’re pretty comparable, they’re pretty much in the same location and built by the same people. You’ll pay about 10-20% more for the new condo smell.
UPDATE: And once again, the listing for G’s penthouse has been re-activated with a $7.995 million asking price.
He’s back in court again, getting his probation revoked for yet another round of domestic violence. But the kicker is near the end of this article: “Judge Brown also ruled that the surveillance video of the 2013 assault is admissible in the probation revocation hearings — so it’s possible that the footage may finally become public.”
UPDATE: And once again, the listing for G’s penthouse has been withdrawn from the MLS without a reported sale.
UPDATE: G’s penthouse has been whitewashed and listed anew for $12 million.
UPDATE: The re-listed asking price for G’s penthouse has just been reduced $1.9 million (15.2%) to $10.6 million.
UPDATE: The list price for G’s penthouse has just been re-reduced another $1.1 million (10.4 percent) to $9.5 million, a sale at which would be considered to be “at asking.”
UPDATE: G’s whitewashed penthouse has just been relisted anew with an official “1” day on the market at a newly reduced list price of $8.999 million, a sale at which would be considered to be “at asking” according to industry stats and reports.
UPDATE: The list price for G’s penthouse has just been reduced back down to $7.999 million, the price at which it was de-listed in June of 2016 (after which it was whitewashed and listed anew for $12 million in October of last year).