Joe Montana’s Son the Latest to Experience Mansion Shortage

San Francisco is seeing homes sell for well above asking as the spring housing market heats up. Just ask the son of 49ers legend Joe Montana.

Nathaniel Montana and his partner Jaclyn Winkel purchased a home at 349 Marina Boulevard in the Marina District for $5.7 million after it was initially listed for nearly $3.5 million, the San Francisco Business Times reported.

The younger Montana, also a former football player, acquired the four-bedroom home more than a decade after Joe Montana bought a full-floor condominium in the Marina District in 2015 for nearly $2.3 million.

“The Comeback Kid” himself has been active in the community, signing on to a lawsuit in 2023 of Marina Boulevard residents that accused the city of flawed sewers and storm drains that allowed contaminated water to flood into their homes. The Marina District often tops the list of the 20 priciest neighborhoods in San Francisco.

As more tech and artificial intelligence workers move into town amid the ongoing AI boom, mansions such as 349 Marina Boulevard are becoming increasingly harder to secure as all-cash bidding wars driven by AI money inflate prices. Last fall, sales for luxury homes in San Francisco were up 14 percent year over year, according to Redfin data cited by the San Francisco Chronicle. At the same time, inventory was down by roughly 4.5 percent year over year.

The so-called mansion shortage has held firm into this year as homes continue to command prices above asking. Active listings in San Francisco fell about 20 percent year over year from January 2025, with the inventory shortage forcing buyers to act fast, according to a report from Compass cited by the San Francisco Standard. From January 2025 to 2026, San Francisco saw roughly 33 percent fewer price reductions year over year, and nearly 75 percent of single-family homes and more than 25 percent of condos sold for more than the asking price.— Chris Malone Méndez