Pacific Heights Home Listed for $65 Million

In what’s been an active year for the Pacific Heights residential market, one home just hit the market for a near-record price.

A modern 0.4-acre estate stretching from Broadway to Pacific Avenue is for sale for $65 million, Mansion Global reported. Nicola Miner, daughter of Oracle co-founder Robert Miner, and her husband, writer and filmmaker Robert Mailer Anderson, are the sellers.

The four-bedroom property spans 11,150 square feet and was built roughly four years ago on the site of Grant Elementary School at 2940 Pacific Avenue. The school closed in the 1970s due to seismic insecurity and was eventually demolished before a local developer purchased the site from the city for $13.6 million and subdivided the property.

Miner and Anderson bought three vacant lots totaling 0.4 acres in 1999 for $5 million. By that time, the property had been vacant for years, with the former school structure deteriorating to the point of being unrecognizable. The couple jumped at the chance to buy such a sizable lot in the city and eventually construct their dream estate, Miner told Mansion Global.

The home took roughly five years and $25 million to build, including the land cost. The main house has a media room and sports court with a central courtyard complete with lemon and lime trees. A separate 4,823-square-foot guest house is also on the property.

Miner and Anderson are selling the property to downsize now that their four children are grown, with Miner saying “it’s too much house for two people” and it feels “wasteful” to keep.

The $65 million price tag aligns with recent comparable sales given the lot’s size, the home’s modern architecture and the property’s proximity to the Presidio, listing agent Ronda Priestner of Compass told Mansion Global. Priestner also pointed to the ongoing dearth of luxury homes compared to the outsized demand from high-earning tech and artificial intelligence executives in the city, echoing recent industry observations that San Francisco has “a mansion shortage.”

“We’re looking at prices that are unprecedented,” Priestner said.

The priciest home sale in San Francisco history was Laurene Powell Jobs’ purchase of a Pacific Heights mansion nearby at 2840 Broadway for $71 million. In April, TelevisaUnivision CEO Daniel Alegre offloaded his 9,500-square-foot manse at 2898 Vallejo Street for $56 million.

— Chris Malone Méndez