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Vacant land in San Francisco costs up to $10 million

Now that’s some premium dirt

This is getting out of hand. Last week we took a look at not one but two barren San Francisco properties asking well more than $1 million despite the notable absence of, well, everything that could possibly be there.

No sooner were those stories live than a tipster emailed us about another one, this one asking $5.5 million. Admittedly, the 4,300-foot lot at 19 Arguello is a bit of a different case: In addition to the land, you’re buying the entitlements for a 7,400 square foot house, which is certainly nothing to sneeze at.

Still, that’s a pretty big check for just the idea of a house, however fashionable.

And that’s just the tip of the iceberg: Here’s a grassy hillside in Bernal Heights asking $2.1 million, no plans included. Here’s a vacant lot in the Mission asking $5.8 million. The kicker: 770 Woolsey Street, a 2.2 acre property in Portola asking (wait for it) $10 million in all.

The sellers pitch 770 Woolsey as the potential site of up to 34 new homes. Which would indeed be a competitive rate, compared to $5.5 million for enough land for just one home on Arguello Boulevard. In fact, this is a discount: Three years ago, the same land wanted $12 million.

Although, 770 Woolsey isn’t entirely vacant: Once upon a time they grew roses there, but over the years the nursery has gone to seed, and it doesn’t look like anything on the site is much good to a buyer now. The same family has owned this place for 90 years...and after more than 1,000 days looking for a buyer it seems likely to stay in the family for some time longer.