432 Park Avenue, 95th Floor, Asking $82 Million
First is a stunning co-op in a glamorous Pre-War Russian Hill building originally designed by renowned architect T. Patterson Ross.
Next is a light-filled co-op at Nob Hill’s iconic Cathedral Tower, with mesmerizing views of the City, extending to the Golden Gate Bridge.
As you know, I often sell premiere properties outside of San Francisco as well, and this season I'm going as far north as picturesque Mendocino for an exceptional collection of luxury inns and a stunning private residence.
A New Record-Setting Price
The luxury building boom in San Francisco continues with the upcoming opening of Mira, the twisty tower designed by starchitect Jeanne Gang.
The architect said the look of the 40-story, 392-unit development "evolves the classic bay window, a familiar feature of San Francisco's early houses, re-imagining it in a high-rise context," and that the aim was to "make every residence a corner unit."
Nearby, at the new ultra-luxury development 181 Fremont (where the penthouse is currently listed at $42 million), a three-bedroom, 3,326-square-foot home just sold for $15 million, or about $4,509 per square foot.
Trillion Dollar Tech, Trillion Dollar Town
A fascinating new study has just shown that the total value of all residential real estate in San Francisco is now $1.3 trillion -- a bit more than the $1 trillion market capitalization of Apple and Amazon, a 13-figure milestone reached by both companies in the last month.
The stock market's huge gains have had a tremendous boost by Bay Area companies (an intriguing look at these mostly tech-centric firms includes one with an over 6,000% increase since 2009), and of course the growth of tech has also fueled our real estate market -- leading one local economist to claim it's contributing to a real estate bubble that could burst as soon as 2020.
SF's Newest Instagram Star
Opening with great fanfare last month, the new Salesforce Transit Center’s outdoor theater and park has become a huge new attraction in the City, and an Instagram star (fitting, considering Instagram's new office opens up right onto the park.)
(Here's a great overview of all the new highrises sprouting up in the burgeoning Transbay District, and here is a fascinating historical timeline plus a sneak peak into the future of this increasingly important part of the City.)
SF's Billion Dollar+ Hotel
The St. Francis Hotel Today
In Union Square, the iconic St. Francis Hotel is now for sale, part of a deal to sell billions in assets of a Beijing insurance company seized by the Chinese government.
Its storied past includes a famously scandalous party held by Hollywood silent film actor Fatty Arbuckle in 1921, the death of Al Jolson, and the 1975 attempted assassination of President Gerald Ford.
New Heights in New York Luxury
A wonderful new exhibition from the Skyscraper Museum takes a look at how Manhattan’s skyline can be examined under various points in time, through a very clever interactive slider.
Penthouse at 30 Park Place, Asking $30 Million
The 900 foot tall building is the tallest in the downtown area, and contains 157 luxury residences, as well as a Four Seasons Hotel. Celebrities Matthew Perry and Yolanda Hadid also live in the building.
Manhattan's ultra-luxe market still has several incredible properties available, representing a breathtaking array of architectural styles and buildings -- from the iconic Woolworth Building's "Pinnacle Penthouse" for $110 million, to a stunning Beaux Arts-style Upper East Side mansion with Hermes leather-covered walls, and an Art Deco penthouse atop 100 Barclay, with a living room the size of an NBA basketball court.
Finally, a penthouse of true Hollywood glamour has just come on the market -- Meryl Streep has listed her stunning Tribeca residence of the past 12 years for $24.6 million.
West Coast Luxury
On the other coast, the starchitecturally-designed "Razor House" in La Jolla has just come on the market for $30 million.
Built in 2007, the 10,653-square-foot house was designed by Wallace E. Cunningham to merge stainless steel, white polished concrete, and glass in a way that harmonizes with the endlessly captivating expanse of the Pacific Ocean.
Resting high above Torrey Pines State Reserve, and with private access to Black’s Beach, the home is not only an exceptional trophy property, but a true work of art.
Built in 1914 by Santa Barbara legend Frederick Forrest Peabody and designed by Francis T. Underhill, the 22,000-square-foot mansion has 360-degree ocean and valley views, and has hosted some of the country’s most influential figures, such as John F. Kennedy and Martin Luther King, Jr.
For the Buyer Who Has Everything...
Adding to the enticement of owning multiple homes are some of the ultra-luxe perks sellers are including with the properties: rare sports cars, yachts, helicopters, priceless art, precious jewels, wine vaults, golf memberships, designer closets -- you name it.
The $39 million Regalia Penthouse in Sunny Isles Beach, Florida (designed by Charles Allem) in Sunny Isles Beach, Florida, includes a rare $500,000 pink diamond.
A perk of the $20 million Sundara Estate in Delray Beach, Florida, is a massive dressing room inspired by a Chanel boutique and a walk-in Nike Air Jordan sneaker man cave.
Owners at the Ritz-Carlton Residences in Miami Beach (designed by Piero Lissoni, prices range from $2 million to $40 million), have access to a medical concierge, and transportation via marine helipad and a house yacht.
One home, The Stanley House in the Hollywood Hills (which sold in June for $33 million, making it the third highest sale ever in the Hollywood Hills), was even designed by a rock star -- Lenny Kravitz, who went for a "Disco Volante" night club style, with dim mood lighting, velvet couches, and state-of-the-art audio system.
The Fall Social Season
Party for the Parks