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San Francisco Dwelling on the Sea Cliff Lists for the First Time in 50 Years for Practically $16 Million

An oceanfront home in San Francisco hit the market for the first time in over 50 years for $ 15.95 million.

The 5,930-square-foot Italian home is in the exclusive Sea Cliff neighborhood and overlooks the Golden Gate Bridge, San Francisco Bay, and the Pacific Ocean, according to the listing, posted last week with Steve Gothelf and Neill Bassi of Sotheby’s International Realty – San Francisco Brokerage.

“It’s on the most desirable block of Sea Cliff and is literally sitting on a cliff,” said Mr. Gothelf, calling the view “dramatic … you are staring at the full span of the Golden Gate Bridge across the water.”

Although the house has been well cared for, it is one of the last apartments on the block that has not been fully renovated.

“It’s an opportunity for a buyer to renovate and settle in there,” said the agent.

Spread over four floors, the five bedroom, six bathroom residence has a living room with a fireplace, solariums with arched windows overlooking the water, a kitchen with a breakfast nook and a formal dining room, depending on the floor plan.

The master bedroom has an oceanfront seating area, den and space for an office. Upstairs is an additional office space lined with oversized windows to take advantage of the view.

Additional features include hardwood floors, exposed beams, a fireplace, and wood-paneled rooms that show photos.

Outside areas include a rooftop deck and a deck that extends to a cliff-top dining area. The house is on a large lot with space for a garden and additional entertainment room, noted Mr. Gothelf. There are currently terraced gardens that lead to Baker Beach.

“You can see porpoises out there and low-flying birds and a whale or two from time to time,” he said.

There is also a gated driveway and an underground two car garage with an elevator that is listed as serving the entire home. The lower level could be expanded, added Mr Gothelf.

After a slow summer, San Francisco’s luxury market is picking up again, according to the agent. The house has already been viewed several times and potential buyers are returning with architects and contractors.

“It was sturdy at the top end and I expect it will continue like this for the next few months,” he explained. “We have a limited supply … and a disproportionate number of wealthy people interested in buying real estate.”

Mansion Global was unable to determine how much the property was last traded for. The sellers were not available to comment.

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