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Modernized Pac Heights Victorian Flops, Cuts $500K from Price

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Pacific Heights' 2807 Clay Street was set to be one of the biggest transformations of 2014. After winning a battle fought with local NIMBYs over adding a story and extending the house rearward into the yard, the owners moved forward with an extensive renovation of the Eastlake Victorian, led by Nova Designs + Builds. The resulting five-bedroom, four-and-a-half bath home hit the market back in November asking $6.495 million, an eye-popping $5.22 million more than when it was originally purchased back in 2010. The house, however, fell flat at that price. It was taken off the market in December and has now relisted at $5.995 million, a full $500K lower than its original ask.

The home was originally built back in 1885, and its Victorian facade has been preserved (albeit painted a very trendy shade of dark gray). Inside, however, the house is nothing but modern. There are dark wood floors, blond wood paneling, and a highly landscaped backyard. The listing touts high-tech touches like radiant heat, Nest thermostats, and a Sonos sound system. Other new additions include a deck off the master suite and a roof deck, plus a game of croquet that's conveniently already been set up in the backyard.

· Pac Heights Victorian Declares Victory Over NIMBYs, Adds $5M [Curbed SF]
· 2807 Clay Street [Paragon Real Estate]