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San Francisco Real Estate Named Best Market In State: $25 Million Home Tour (PHOTOS)

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First Posted: 07/22/11 05:05 PM ET Updated: 09/21/11 06:12 AM ET

San Francisco Assessor-Recorder Phil Ting announced on Thursday that our city has the strongest real estate market in the state, with a growth of nearly $2 billion in the past year.

“We’re very, very fortunate in San Francisco,” Ting told SFAppeal. He also predicted that the growth will only continue here in SF in the coming years.

(SCROLL DOWN FOR PHOTOS)

This may be news for Bay Area buyers and sellers, but real estate agents aren’t surprised.

“This city is a gold mine for real estate,” Rick Teed, cofounder of real estate and development company Teed Haze, told HuffPost. “If you have a house with no view, but it’s redone and in a neighborhood like Pacific Heights, it’s going to be north of $1000-per-square foot for starters.”

Teed agrees with Ting’s prediction that the market will only continue to grow. “We are a seven-by-seven-square-mile city,” said Teed. “There is no new land.”

Daniel Cressman, executive vice president of the commercial real estate company Grubb & El, also commented on our city’s limited space. He told NBC Bay Area that San Francisco is “one of the very few markets in the entire country where investment demand for commercial office space is far outstripping the available supply that’s for sale.”

To celebrate this news, we contacted Sotheby’s International Realty and got some pictures of a home they are especially excited about. Check out this unreal Gold Coast-style 1927 home designed by Willis Polk & Co. in Pacific Heights. We would move in tomorrow if it weren’t for that $25 million price tag.

Take a look at images of this amazing home below:

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  • 2808 Broadway

    The interior garden courtyard opens through two sets of steel-frame French doors.

  • 2808 Broadway

    The brick façade is a nod to the home's classic Gold Coast architecture.

  • 2808 Broadway

    The front door is within a deep portico.

  • 2808 Broadway

    The foyer introduces peg-in-board hardwood floors, elaborate moldings, tall ceilings, and period-authentic wall sconces.

  • 2808 Broadway

    The main-level library has a fireplace and an upper-level study with a concealed wet bar, built-in bookshelves, and a fireplace.

  • 2808 Broadway

    The living room is anchored by a fireplace with stone mantelpiece.

  • 2808 Broadway

    The formal dining room is complete with wall mirrors, access to a kitchen, and the best view we've ever seen.

  • 2808 Broadway

    The kitchen is perfect for entertaining.

  • 2808 Broadway

    The master suite has a fireplace, dressing area, and bath.

  • 2808 Broadway

    We are dying to build a fort in the attic bedroom.

  • 2808 Broadway

    2808 Broadway takes the cheesiness out of saying, "come look at the view."


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Filed by Robin Wilkey  |