Ever since the 10th-floor co-op at 2006 Washington reportedly went into contract for a whopping $30 million, minders of fancy homes and the people who buy them, sell them, and tear through slideshows of them have been watching to see if the sale would indeed go through and establish a new record for San Francisco. An insider familiar with the sale has confirmed to Curbed that the 5,400-square-foot unit officially closed, with a purchase price thought to be around $30 million. That's the ballpark everyone's been throwing around, anyway.
Photo of 2006 Washington via Trulia listing of 2006 Washington #1
Because the property records for co-ops do not show individual ownership—everything in the city's records is officially listed in the building's name—we're not sure who the buyer and seller are, but we do know the seller to be a "young Silicon Valley entrepreneur" who acquired the property sometime around the early 2000s as a "Pied-a-Terre for weekends with family and friends in the city," according to the portfolio of architect Ben Farrell, who renovated the property at the time with interior designer David Kensington. The project was shot for Architectural Digest circa 2003, but never published.
The trove of photos lives on Farrell Architecture's website, where the full splendor of the many Beaux-Arts excesses the first dotcom boom could buy is preserved like a tech-money time capsule. We hear the apartment—excuse us, pied-à-terre—hasn't been through another renovation since then, so the unit's many chandeliers, gilded mirrors, and horse figurines may very well still be in place.
Photo: Matthew Millman via Farrell Architecture
2006 Washington was designed in 1924 by Conrad Meussdorffer, and with a prominent perch overlooking both the bay and Danielle Steel's enormous hedge, it has been called the best building in San Francisco. The 10th floor isn't actually the top—there's an 11th floor—but has been traditionally known as the penthouse because it's the larger, better unit. (Floors 10 and 11 were once a duplex, but they were broken up years ago, meaning that you can pay $30 million for an apartment in San Francisco and "still have to listen to people walking like elephants above your heads," as one commenter points out.)
The lofty sale price for a (relatively!) small unit puts the per-square price in the ballpark of a heady $5,555, which has also got to be some kind of record. The $28 million St. Regis penthouse is 20,000 square feet by comparison. But even at a quarter the size of the St. Regis place, the pied-à-terre can hold its own on the gala circuit. Per the design narrative: "In the end, it is 5000 square feet of space well suited for quiet evenings with the children, or hosting a black tie event for hundreds."
· $30M Pacific Heights Penthouse to Set New San Francisco Condo Sale Record [Curbed SF]
· Record Breaking $30 Million Pacific Heights Penthouse [McGuire]
· Pacific Heights Pied-à-Terre [Farrell Architecture]
· Pacific Heights: Whose Swags Shall Reign Supreme? [Curbed SF]
· Here Now, a Photo Tribute to Danielle Steel's Enormous Hedge [Curbed SF]
· Listed for $70M, Sells for $28M: The St. Regis Penthouse Found a Buyer [Curbed SF]