San Francisco may have suffered a painful population loss in 2020, but the city’s luxury real estate market is now rolling back like fog from the bay. Expensive home sales and prices are skyrocketing, and one particularly confident high-end developer just got one special house in Cow Hollow for $ 46 million.

If that were achieved, it would be one of the most expensive sales ever in San Francisco, which has one of the highest income inequality rates in the US and according to data it lost 4 percent of its population in May a migration report from the analysis company Placer.ai.

Despite these strong headwinds, Neal Ward, the realtor for 2582 Filbert Street, a newly built six bedroom mansion on triple the width of lot, is optimistic about the city’s prospects. “After a very uncertain 2020, the market took off in March 2021 in ways we have never seen or expected,” he told Robb Report. “What made San Francisco and Silicon Valley wonderful living environments is now being brought back to life after a sleepy Covid, and the city’s pulse has never felt stronger.”

The main living area goes into the back yard if the owner so wishes.

Photo: Jacob Elliott

Retiring “families and influencers”, he said, have been replaced by “an enormous number of new upstarts” [who] have been very successful. ”Awards, he said, are supported by San Francisco’s“ limited geography and available properties ”. The $ 46 million price tag, he says, isn’t as unusual as it seems. “While other properties exist at much higher prices, they are not for sale or are not publicly marketed.”

One recently report by Compass supports Ward’s optimism. Sales of four or more bedrooms rose 22 percent year-over-year, while the average selling price of a home in Pacific Heights, just around the corner from 2582 Filbert Street, rose to a new high of $ 6.75 million a year is to this day (although there were only 16 sales, the supply is so tight.)

A living area at 2582 Filbert opens onto a terrace with a fireplace inside and out.

Photo: Jacob Elliott

The 12,200-square-foot house is spread over three levels, with each floor being approximately 4,000 square-feet. The house is an emblem of biophilic design, a new trend in which a house is built to prioritize natural materials, light, ventilation, and technology for filtering air and water. This room has a cornucopia of energy-saving and wellness-promoting facilities: solar collectors, pollutant-free paints, triple-glazed windows and doors, rainwater harvesting and a MERV-13 air filter system that changes the indoor air nine times a day.

Another living room in 2582 Filbert with an indoor fireplace.

Photo: Jacob Elliott

Inside, the 19-foot high motorized front door (accessible via biometric entrance, of course) opens to a two-story atrium with a 30-foot stone wall. The prospective buyer can also find a floating glass staircase and reflective indoor pools. Further exploration reveals three indoor fireplaces and two outdoor fire pits, a fitness room with a terrace for open-air workouts, a 72-foot lap pool and built-in stainless steel spa, a separate “wellness spa” with a glass sauna and steam shower with waterfall chromotherapy -Rain head. Other delights include a private movie theater, wine bar, Tesla Powerwall, and must-have lighting fixtures that “mimic natural shapes like water waves, plant vessel systems, lightning bolts, and other fractal shapes.”

Outside, a small but very well-kept garden behind the house has a stone terrace, a lawn, an outside kitchen and evergreen plants to hide from the neighbors. The upper floors also open to terraces, while the roof is crowned by an outdoor lounge with views across the bay from the Golden Gate Bridge to Alcatraz.

The roof terrace offers a breathtaking view of the city and another fireplace.

Photo: Jacob Elliott

According to the developer of the house, Gregory Malin, CEO of Troon Pacific, the look is “San Francisco meets Los Angeles. An open, airy, modern, newly built house on such an extensive plot of land in San Francisco is unique. “

Ward is even more exuberant: “The residence is one of the rarest and most epic properties that San Francisco has ever seen, or will ever see again.”

Check out more photos of the spec house below:

Photo: Jacob Elliott

Photo: Jacob Elliott

Photo: Jacob Elliott

Photo: Jacob Elliott

Photo: Brian Kitts and Steelblue

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