Huge Unit at The Mission's Allied Box Company Asks Lofty $5.5M

Only recently has a single-family home in the Mission been able to think of commanding $5 million or more. Now, the first condo in the neighborhood has topped that mark with an expansive live-work space in the Allied Box Factory Lofts hitting the market for $5.5 million. Of course, this isn't just any condo. It's a two-level loft with a built-in studio spanning nearly 5,000 square feet of absolutely stunning space.

The Box Factory Lofts were created out of an old timber warehouse and factory back in 2001. Unit M305 is the largest in the building, which was home to the late Ray, an acclaimed collage artist and designer. Units in the building don't go up for sale often, and M305 hasn't been on the market in more than a decade.

The bottom level of the unit is a cavernous open space with a kitchen tucked into one corner and seemingly endless nooks for lounging or entertaining. Up a floating maple plank staircase is the rest of the home, which includes a huge entertaining deck and a second southern deck, a study, a wood-burning stove, a sun room, and a grand master bedroom. There's also a secret storage space behind hidden panels for keeping valuables.

The one thing that this loft doesn't appear to be is family-friendly, which could be an issue given that its price puts it primarily in competition with single family homes.

· Snag One of the Late, Great Rex Ray's Lofts for $989K [Curbed SF]
· 2169 Folsom Street #M305 [Official Site]