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Record-Setting Pacific Heights Home Sold for $38 Million

As we first reported last week, the 12,000-square-foot spec home at 2712 Broadway, which had beenĀ on the market since the end of last year with a $40 million price tag, sold ā€œin a battle with multiple bidders,ā€ according to Pacific Unionā€™s PR team.

And while the final contract price for the Billionaires Row home was not officially released,Ā a plugged-in reader quickly proffered a $38 million contract price, a price which we couldnā€™t verify at the time.

But having since reviewed the homeā€™s deed and tax records, the $38 million sale price for 2712 Broadway was spot-on and itā€™s officially the most expensive home sale on record in San Francisco, displacingĀ the 2013-era sale of 2950 Broadway for $35 million. (Keep in mind that 2950 Broadway has since been undergoing a major remodel.)

For those quotingĀ Zillowā€™s reported $42.9 million sale price for 2712 Broadway, their analytics (and reported sale date) are simply wrong.

And in terms of the buyer, while his or her identity remains hidden behind the ā€œRivaā€ LLC, for which a CPA in Palo Alto is the only registered contact, if our aforementioned reader ā€“ who correctly pegged the sale price ā€“ is correct, the buyer hails fromĀ Hong KongĀ Taiwan.

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