You Save: $3,501,000
The hulking Georgian manse at 2800 Pacific, known as Herbst Manor or "Mini-Versailles," has lowered its price for the second time this year, for a total savings of over $3.5 million off the original asking price. The property has been on the market since May 2013, and lowered its price in September. But this isn't the manse's first rodeo - it's only a continuation of a saga that started in 2011.
It was listed in October 2011 for $12,500,000. Then it was delisted in March 2012. Then, it was re-listed in June 2012 for $10,950,000, and then price-reduced in October 2012 to $9,750,000. This new reduction brings the asking price as low as its gone yet, and is the first time that it's had an "8" in front of it.
The 6-bed, 5-bath home was built in 1899 by San Francisco architect Ernest Coxhead. In April, the interiors of the property got a facelift, thanks to the 2013 San Francisco Decorator Showcase, which was hosted on its grounds. Will the "8" finally move the property? Only time will tell.
· All Herbst Manor Coverage [Curbed SF]
· 2800 Pacific [Redfin]