Price for the “Most Expensive Home in San Francisco” Reduced
August 26, 2019
Priced at $45 million last year, which was misreported by some as being “the most expensive home ever listed” in San Francisco, “Residence 950” at 950 Lombard Street – which now offers around 9,500 square feet of rather spectacular living space spread across a 15,700-square-foot Russian Hill lot with sweeping views and a cantilevered pool – has just been relisted anew with a reduced $40.5 million price tag.
In addition the five-bedroom main residence, which is connected to an underground art gallery/sports court and a four car garage, the property, which was speculatively developed over a six year period by Troon Pacific, includes a one-bedroom guesthouse/spa and an outdoor entertainment center, lawn and dining areas.
And yes, the residence is now LEED Platinum Certified as well.
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That a 9,500 square foot single family home can be certified as LEED Platinum shows that there is something dreadfully wrong with LEED as a measure of sustainability. There should be a maximum square footage per unit beyond which points are deducted and the maximum level of certification drops substantially. On a per square foot basis the home may not consume a ton of resources, but on a per household-basis it must be exorbitant. A run of the mill 1,000-sf unit for a household that probably can’t even qualify for LEED certification probably has a lower environmental footprint in all regards that this greenwashed behemoth.
I agree with you in principle but ….
I mean one doesn’t get a tax credit, or any other thing of value (other than bragging rights) from the designation, do they? I suspect practically every metric of “do-good”ness is taken over – and ruined – by virtue-signallers even before we’re aware of them
yeah, LEED certification for a SFH of this size is like converting your hummer to run on a hydrogen fuel cell.
LEED is a joke. It always has been.
Maybe Bernie Sanders should buy it. He’s hella rich now.
Why build new construction that is half modern exposed concrete and half traditional shingle facade? Pick a style and stick with it!
Also, at $40M and you couldn’t afford flush mount solar panels?
The shingled portion of the home, which was renovated and expanded by way of the modern addition below, is technically a pre-existing historic resource (which was a point of contention during the redevelopment of the site).
It’s actually a clever solution to a thorny problem. How do you greatly expand a house that is protected?
Keep the house, but put a modern house underneath it. Pool is amazing. Don’t quite get all the gallery space, but it could be a nice indoor polo field.
I actually really like this place. Would be a great party house. But I think it’s still way too expensive.
If you mean solar panels flush with the roof line, California fire code does not allow for that. And if you mean solar shingles, that is something Tesla has yet to deliver on.
I used to work in solar in SF and it’s pretty clear that they maxed out this roof with solar. Plus they likely needed as much PV as possible in order to achieve LEED platinum.
This property was vastly overpriced from the beginning. It’s hard to tell who was greedier: the seller or their original listing agent. Now that the market is turning, I hope the seller is prepared to sit on this for 3-4 years until the next recession is over. Do you think there’s anyone who’d rent this for $50,000/month in the meantime?
Four years is about when you start to lose hope. Does no one remember the 1990s?
You say, “now that the market is turning.” What is it that you see to make you feel that way?
I have never seen a more beautiful residential vantage of San Francisco.
Have fun with the tourists sitting in the middle of the street gawking at Lombard St.
I live on Lombard. There aren’t that many tourists and they get out of the street. Not a problem.
A First Bay Tradition house on top of 60’s concrete parking garage.
We have to chuckle at this crazy real estate market in SF. This “schloss” reminds us of our neighbor’s 3 storey, 5600 square foot home on a double lot with sweeping views of downtown and Mt Sutro. They are never there, having just bought another new property down south. It is sitting empty, just begging for some wealthy techie or rich millennial to come and buy it. We suspect it will hit the market soon for well over $10 million. Egads is right!
Zuck or Benioff should buy it as a “crash pad” for their stressed-out management team!
Now featured in Architectural Digest.
UPDATE: The “Most Expensive Home in San Francisco” actually Sold for Far Less