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Presidio Terrace Mansion Shaves $2 Million Off Asking Price

Colonial Revival in the city's only real gated community makes a drastic cut

Major price cut inside one of San Francisco’s toniest neighborhoods. The 1909 Colonial Revival at 26 Presidio Terrace, which Curbed SF featured in May, has lopped off more than $2 million from asking.

While this home is indeed quite the stunner—boasting four floors, seven bedrooms, seven and a half baths, and approximately 9,405 square feet—some of you deemed it a touch too pricey at $16,995,000.

"Very nice but ridiculously expensive home, with all the woodwork painted over," noted Curbed SF commenter castrobeast, who added these words of staging wisdom, "And stop putting TVs over fireplaces. What a dumb idea. It’s such a poor position from which to watch TV."

One of the main reasons this house costs as much as it does is its neighborhood, where residents rub elbows with such luminaries as Senator Dianne Feinstein. The 36-home neighborhood, however, was built in 1905 as a master community with an unfortunate caucasians-only rule. Its deplorable 1906 ad copy read: "There is only one spot in San Francisco where only Caucasians are permitted to buy or lease real estate or where they may reside. That place is Presidio Terrace."

26 Presidio Terrace is at $14,500,000.