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Presidio Heights Rehab Reaches For The Sky, Takes Dive

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Was: $15,500,000
Now: $14,000,000
You Save: $1,500,000
A major overhaul we looked at in June has taken a sharp blow to its dignity. The 6-bed, 6.5-bath, almost 8,000-sq-ft house at 3368 Jackson Street lost most of its back end last year along with any vestiges of its Edwardian interiors– and yesterday removed $1,500,000 of potential profit off the front end, eight weeks after coming back on the market. The original house, which languished unsold because of its condition and a difficult layout, was finally sold for $3,500,000 in August, 2010. A year later, the spec project to re-invent the house, guided by architect Lewis Butler and interior designer Stephanie Fillbrandt, demolished the back of the house and created a series of stepped terraces and interiors with glass walls looking north to the Presidio. The only amenity the house lacks is an elevator, and while there may be a shortage of luxury properties on the market, it's apparently not 2007 all over again.
· 3368 Jackson Street Gets Rescripted, Ready For Its Close-up [Curbed SF]
· 3368 Jackson Street [Redfin]