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University of Phoenix Founder Lists Pac Heights Home for $27M

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"It's just time, at this point in our lives, to make a move to a simpler life," University of Phoenix co-founder John Murphy told the Wall Street Journal. And with that we learn that Murphy and his wife Paula Key have put their massive 13,000-square-foot, nine bedroom Pacific Heights abode at 2520 Pacific Ave. on the market for $27M. The couple purchased the home in 1997 for $6.3M, after Key saw the home while house hunting. They were especially attracted to the property because of the prohibition room, which is hidden behind a paneled wall. The home was built in 1905 for a member of the Spreckels family, and was owned by Joseph Alioto, Jr. (son of onetime Mayor Joseph Alioto) when Murphy and Key purchased it. Property highlights include a 1,200-square-foot Art Deco ballroom and an elevator to all five levels.
· 2520 Pacific [Coldwell Banker]
· San Francisco Mansion With Secret Bar Asks $27 Million [WSJ]
· University Of Phoenix Founder Is Selling His San Francisco Mansion With A Secret Bar For $27 Million [Business Insider]