- San Francisco's 950 Lombard is the most expensive listing in the city, with a current asking price of $40.5 million.
- Despite a recent $4.5 million price cut (bringing the listing price down from $45 million), if the home sells at its new reduced asking price, it'll still shatter the city's current real-estate record of $38 million.
- The compound features an infinity pool, six bedrooms, eight bathrooms, and a four-car garage.
San Francisco is notorious for its overpriced housing market — 60% of tech workers there say they can't afford homes — and nowhere is that more evident than in a $40.5 million listing in Russian Hill, the most expensive listing in the city.
The home straddles two hillside lots and has six bedrooms and eight bathrooms, in addition to an array of terraces and wellness features, including an infinity pool, a wellness center, and a Japanese water-filtration system.
Despite a recent $4.5 million price cut (bringing the price down from its original $45 million listing price), if the home sells for its new reduced asking price, it will still shatter the city's current real-estate record. According to Terri Tiffany, PR counsel to Pacific Union International, that record is currently held by 2712 Broadway on San Francisco's Gold Coast, which was listed at $42 million and sold for $38 million.
Here's a look inside the 950 Lombard compound:
The house is located at 950 Lombard St. in San Francisco's Russian Hill.
Source: Pacific Union International, San Francisco Business Times
The compound sits on over a third of an acre, which includes 100-year-old olive trees and an outdoor kitchen.
Source: San Francisco Business Times, The Wall Street Journal
It includes a four-car garage, which is entered through a tunnel on the side of the hill.
Source: Pacific Union International
The property takes up two lots and the home itself is a modern mix of concrete structures and bright, open spaces.
Source: Curbed San Francisco
The home has four levels, all of which are connected by a glass elevator ...
Source: Pacific Union International
... that reaches from the two-story underground art gallery ...
Source: Pacific Union International, Curbed San Francisco
... to the three ensuite top-level bedrooms, including a master bedroom.
Source: Pacific Union International
The master bedroom opens up to a deck with sweeping views of the city.
Source: Pacific Union International
The middle two floors of the home feature plenty of open living spaces, as well as two more ensuite guest bedrooms ...
Source: Pacific Union International
... two separate bars ...
Source: Pacific Union International
... and a formal dining room.
Source: Pacific Union International
In addition to offering plenty of seating ...
Source: Pacific Union International
... the kitchen also opens right up into the grounds.
Source: Pacific Union International
The complex also features an 850-square-foot wellness center, including a massage table ...
Source: Curbed San Francisco
... and a hot tub.
A 40-foot infinity pool is the finishing touch to one of the home's many patios.
Source: SFGate
The patio area offers yet another dining area, replete with two chandeliers and more views across the bay.
Val Steele, listing agent with Pacific Union International in San Francisco, described the complex as offering the "rare opportunity for a person to own their own 'park' in San Francisco."
Source: Pacific Union International
"There has never been an offering of this kind in the city and there may never be one of this caliber again," Steele added.
Source: Pacific Union International
The home is now listed for a whopping $40.5 million.
Source: The Wall Street Journal
Despite a recent $4.5 million price cut, if it sells at asking price, 950 Lombard will become the most expensive home ever sold in San Francisco, displacing the current record-holder, which sold for $38 million in 2017.
Source: The Wall Street Journal, SFGate
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