The Pacific Heights parcel and approved plans for a modern 6,800-square-foot home to rise on the 2921 Vallejo Street site, which were drawn by John Maniscalco Architecture and the subject of both a confidentially settled lawsuit and unsuccessful Discretionary Review (DR), hit the market earlier this year with a $9.995 million price tag.
While building permits for the project have already been paid and issued, the ground has yet to be broken. And the asking price for the “once in a lifetime opportunity” has just been reduced by 10 percent to $8.995 million.
Yesterday, the list price for the entitled parcel, permits and plans, as rendered below, was reduced by another 11 percent to $7.995 million
And once again, the un-entitled parcel was purchased for $5 million back in the third quarter of 2015, prior to the plans for the site being drawn, approved or permitted.