$70 Million In San Francisco, Estate of the Day
I first mentioned this one back in August but now the listing is available for us to take a good look. Back in August the San Francisco Chronicle reported that real estate mogul Victor MacFarlane put his St. Regis penthouse for sale for $70 million which would easily set a record for San Francisco. The condo is roughly 20,000 square feet and was originally three unfinished units on the top two floors. He bought the property for about $30 million in late 2005. The property also features 2,900 square feet of terraces with 360-degree views of many San Francisco landmarks. Glass walls also offer plenty of light and the foyer has a winding staircase and two-story waterfall. There are six bedrooms, two offices, a wine storage room, a gym with a sauna and a home theater room. It is definitely one of the most striking apartments in the country, let alone San Francisco but will anyone pay $70 million for it? Other San Francisco properties above the $30 million or so mark have lingered on the market. I suspect $70 million is a bit ambitious for a Bay Area apartment, even one as fabulous as this.
UPDATE: This home is now listed at $49 million.
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Reader Comments (Page 1 of 1)
Ziad d Nov 17th 2008 4:23PM
Beautiful. But insane asking price. He'll be lucky to sell it at it's 2005 price of $30 million.
Jack Nov 17th 2008 4:52PM
This property is beautiful but it is dated; I prefer spend 70 m$ for 4 different solution: i.e. NYC, Malibù, San Francisco and close some beautiful lake. And if is possible, almost LEED silver.
Dan Nov 18th 2008 11:37AM
Dude has a lot of white shirts....:)
garrett Nov 25th 2008 8:50PM
If i had to pick a place, this would be it.. but wayyy to much money!
Garrett Hinton
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