These are the most expensive unsold homes in San Francisco


A very rare property, 3630 Jackson St. is one of the few mansions designed by the renowned architect Julia Morgan. It’s for sale for $36 millon.

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The five most expensive unsold homes in San Francisco have one thing in common: Despite their beauty, luxury and history, they’ve lingered on the market and are still for sale as the year ends. The first three quarters of this year were hard on luxury sales, with many real estate agents attributing the depression in high-end real estate to the economic worries of early 2023, as well as the relentless “doom loop” media coverage aimed at the city.

“General economic conditions and confidence, such as stock market performance, are much more important to this segment,” explained Patrick Carlisle, chief data analyst for Compass, in an email to SFGATE.

There’s also the all-cash factor to consider: People who have $35 million in the bank typically don’t have to buy a house, and especially not in San Francisco. “Upper-tier clients in San Francisco are grappling with an existential quandary: Is this really where I want to park $20 million?” said Herman Chan of Golden Gate Sotheby’s International Realty in an email to SFGATE. 

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These unsold trophy homes may fare better in the new year. With a flourishing stock market and less doom in the press, experts expect improved buyer psychology — and with it, the prestige that San Francisco’s priciest properties have historically enjoyed. 

Here are this year’s most expensive unsold homes in San Francisco:

5. 540 El Camino Del Mar: $20 million

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One of San Francisco’s largest flat, walled and gated residential estates, the home sits on a 17,149-square-foot corner lot. Its three levels offer bridge and bay views from most every room, with amenities such as a library and whiskey room, concealed panic/meditation/safe room and a private theater across its 10,598 square feet — not to mention a gym, a sauna and a one-bedroom guest apartment on the garden level. The listing has had a $5 million price cut since it hit the market in October 2023 with that asking price of $25 million.

4. 21 Everson St.: $22 million

Perched like a very expensive tree house on a Glen Park hillside, 21 Everson St. came to market in October 2023, asking $22 million. This modern 9,850-square-foot mansion offers six bedrooms and nine bathrooms. Its multi-level, angular design includes a 60-foot-wide main floor with a back wall fashioned entirely from glass. The near-panoramic views of San Francisco and the bay are striking. 

A tech entrepreneur’s dream house, the home also features a two-car garage with electric vehicle charger, reverse osmosis drinking water, radiant heat, A/C and a ground-level “professional-grade” theater with high-end Sony projectors and seating for 22 people. Despite the bling, 21 Everson St. remains on the market this December, still asking $22 million.

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2799 Broadway was poised to be one of the most expensive residential sales of 2019, then asking $39 million. It failed to sell that year and is still on the market, now for $32 million.

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3. 2799 Broadway: $32 million

2799 Broadway was poised to be one of the most expensive residential sales of 2019, then asking $39 million. It failed to sell that year, and returned to the market in 2022 with all the fanfare such a listing deserves, asking $35 million. The 11,635-square-foot mansion with seven bedrooms, seven full bathrooms and two half-bathrooms is a showcase of the bold interior design sense of SF’s celebrated Ken Fulk, who added such custom touches as an authentic British pub, leather walls in the guest suite, a stunning 20-foot-high entry with serpentine staircase, and a private “hidden” wine cellar. Yet even with a primary suite that opens to a private deck with a hot tub, this property is still waiting for a buyer, at a price tag of $32 million.

2. 2898 Broadway: $32 million

2898 Broadway made news when it hit the market in August 2023 at $32 million, an asking price that would’ve set a record at that point in the year.  The owners, tech investor Jim Willenborg and his wife Barbara, offered the historic mansion (circa 1899) to the open market for the first time in 35 years. The original mansion was designed by Walter D. Bliss, who also designed the St. Francis Hotel together with his partner, William Baker Fayville. In 1906, the structure survived the earthquake and fire, losing only two chimneys. Today, the five-story, 11,000-square-foot mansion includes multiple updates, from a catering kitchen and caretaker’s apartment to spa-like bathrooms and a third-floor solarium with views of the Golden Gate Bridge. 

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The mansion is a bit of a movie star, having been used as a location in the 1960 film “Portrait in Black,” the 1985 hit “Jagged Edge,” and 2001’s “Sweet November.” The property has yet to attract new owners as of December 2023, waiting optimistically at its original listing price for better times to come in 2024.

1. 3630 Jackson St.: $36 million

A very rare property, 3630 Jackson St. is one of the few mansions designed by the renowned architect Julia Morgan. The Tudor-style abode, built in 1916, went on the market in May 2023, asking a potentially record-breaking $36 million. Among many amenities within the 12,022-square-foot home are eight bedrooms with enormous walk-in closets, panic/safe rooms, a dog washing station, a wine room and a party-ready speakeasy complete with karaoke equipment, a wet bar and a disco ball. Many of the mansion’s 20 rooms look directly out on San Francisco Bay — and all of this is just minutes from the Presidio. 

Outside, there’s a sports court set up for pickleball that was a source of some controversy earlier this year, when the home’s owner protested the public pickleball courts across the street. Perhaps that hasn’t helped it sell: As of December of this year, the rare property still hopes for one of highest prices ever fetched for residential home, as the listing price remains at $36 million.

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Editor’s note: This story was updated at 12:20 p.m. on Jan. 2 to correct the name of Golden Gate Sotheby’s International Realty.



This article was originally published by a www.sfgate.com . Read the Original article here. .