S.F.’s new highest-priced listing: $39 million for a Billionaire’s Row mansion
November 14, 2014
The city has a new star player in the real estate pricing realm: 2701 Broadway in Pacific Heights has seven bedrooms, over 16,000 square feet, an indoor basketball court, a roof deck with panoramic bay views—and a price tag of $39 million. That’s a $12-million increase in the 2 1/2 years since the current owners—raw food chef Roxanne Klein and her Modulus Guitars CEO husband Michael Klein—bought the home from real estate mogul Ron Zeff. This despite the fact that “the present owners haven’t so much as changed the paint in the au pair suite,” according to Curbed. (New photos of the home were not yet available for release, but you can see photos from the 2012 sale in the gallery above.)
The 1910 neoclassical revival home did receive a major overhaul in 2002, which included a full seismic upgrade to the property as well as new mechanical, A/V, communications and security systems. The fixtures and finishes also received an upgrade, while keeping intact the home’s original molding, wainscoting, box beam ceiling and grand fireplaces.
Certainly not original to the home: the two-story, 30-foot-by-40-foot indoor basketball court on the garage level; or the elevator that can take you all the way from the court to the fourth floor, which has a second kitchen and dining room, his and hers studies (to match the his and hers dressing rooms in the master) and three terraces to take advantage of the Golden Gate Bridge and Alcatraz views.
Since the home just came to market, it remains to be seen if that view is actually worth the $39 million the owners are asking. Obviously, at this price point, it’s hard to know for sure, but there is one pretty good comp: 2950 Broadway just two blocks away sold for $35 million last year. The 11,000-square-foot Tudor revival is still the largest single-family sale in San Francisco history—but maybe not for long. They don’t call it “Billionaire’s Row” for nothing.