Cannabis CEO lists Russian Hill “Sky House” for $13M

Former Yahoo exec Adam Cahan is the first owner since studs-out remodel of four-story home

Adam Cahan and 1110 Green Street (Getty Images, Zillow)
Adam Cahan and 1110 Green Street (Getty Images, Zillow)

Former Yahoo executive and current cannabis vape company CEO Adam Cahan is selling the Russian Hill home he bought less than three years ago, asking $13 million for the 4,800-square-foot property. He purchased the fully renovated “Sky House” for $10 million just before the pandemic began, according to public records.

Built in the early 1980s, the home received a years-long studs-out remodel from developer Jeremy Ricks. Marketed as the “Sky House,” 1110 Green Street atop Russian Hill first came to market asking $14.4 million in late 2018. It had been on and off the market for two years before Cahan bought the four-bedroom, six-bath in January 2020.

By then the price had dropped to $12 million, and Cahan picked it up for about $2 million under that ask, or a little more than $2,000 per square foot. It has four floors plus a roof deck, with a penthouse-level primary suite on its own floor featuring disappearing glass walls that lead out to a private deck with Golden Gate Bridge views – hence the Sky House name.

Broker Frank Nolan of Vanguard had the property as a pocket listing this summer, but put it on the MLS last week at $13 million, or about $2,700 per square foot. He did not respond to requests for comment about the home, where Cahan added a round custom-made rooftop sauna, swapped out light fixtures and made a few other cosmetic changes during his time there.

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1110 Green Street rooftop sauna (Zillow)

1110 Green Street rooftop sauna (Zillow)

Cahan is best known for his five-year stint as Yahoo’s senior vice president of mobile and emerging projects between 2012 and 2017, coming on board after the company acquired his live television participation app IntoNow within three months of its 2011 launch. During his time at Yahoo, he divorced British designer Alice Larkin, with whom he has two daughters, and began a relationship with 10-time Sports Illustrated swimsuit model Anne Vyalitsyna, better known as Anne V. They had a daughter together in 2015 and were engaged the following year. The couple had split by 2021, when Cahan became CEO of Pax Labs, a cannabis vaping brand that also developed e-cigarette maker Juul before it was spun out as its own company.

The Russian Hill property hits the market at a time when some luxury homes in San Francisco are taking huge price cuts and facing the same cooling trends as other market segments. At the same time, this summer marked a few of the biggest deals in the ultra-high-end, including Mark Zuckerberg’s Mission Dolores home for $31 million.

The biggest single-family sale in the city so far this year remains a $35-million Pacific Heights mansion purchased in a mid-July deal by an LLC associated with the billionaire Glazer family, owners of Manchester United soccer club and the NFL’s Tampa Bay Buccaneers.

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