Record-Setting Pacific Heights Home Sold for $38 Million
June 20, 2017As 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 āin a battle with multiple bidders,ā according to Pacific Unionās 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 couldnāt verify at the time.
But having since reviewed the homeās deed and tax records, the $38 million sale price for 2712 Broadway was spot-on and itās 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 Zillowās 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 āRivaā 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.