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$2,115 Per Square Foot for Telegraph Hill Penthouse

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Homes in Telegraph Hill don't appear on the market very often, so when the penthouse at 1960 Grant came onto the market it caught our eye. The 3-bed, 3.5-bath, 2,955-square-foot penthouse just landed on the market asking $6.25M, or $2,115 per square foot. An area overview for the last 90 days tells us that the median list price for the neighborhood is $1,087,500 and the median square foot is $1,134. This particular piece of property last sold in early 2010 for $2.9M. Why did it more than double in price in just three years? Well, the market's red hot now, and the home was recently renovated. It was "dramatically transformed" by April Sheldon Design and Black Mountain Construction to blend "innovative design and rich textures with modern infrastructure." The home is three stories and has seven outdoor terraces. Other property highlights include views galore and Sonos technology. Monthly HOA dues are $2,196 and there's 2-car parking in the garage.
· 1960 Grant Ave [Gregg Lynn]