After nearly three years on the market, and after one major price cut in February of last year, the former Egyptian Consulate at 3001 Pacific Avenue sold for $15,850,000.
The sale was “within 1 percent of asking,” reports Socket Site.
No word yet who bought the eight-bed, six-and-a-half-bath, approximately 13,600-square-foot mansion spread out across five floors, but it will be a lot of space to work with should the homeowner(s) decide to renovate.
Back in the halcyon days of 2016, this brick-facade behemoth in Pac Heights, designed by architect firm Bliss and Faville (who conceived the Masonic Temple on Van Ness and the University Club on Powell) and built shortly after the Great Quake, landed on the market to the tune of $22 million.
Less than two years later and without a buyer, the Georgian-style home has taken drastic steps to get some love by pruning a cool $6 million off its original asking price.
A bit of background: This roughly 13,600-square-foot home features five floors, several kitchens, and rooms to spare. That’s because the Egyptian government bought the property in 1960s and used it as their San Francisco consulate before moving operations to Los Angeles. (The top floors, however, were used as residential spaces.)
The listing notes that the home was “[e]xtensively renovated and rebuilt by Dan Phipps in 2010, including all-encompassing structural upgrades.” Comes with eight bedrooms and six and one half baths.
The new owner would have to make some structural rearrangements in order to make the space more cohesive as a single-family home. And with bones like these, who, with enough cash to burn, could resist?
Asking is now $16,000,000.
- 3001 Pacific Avenue [Sotheby’s]
- SF’s second-most expensive property is a former consulate [Curbed SF]
- Pacific Heights [Curbed SF]