SF’s priciest co-op sale of the year closes at $19M

A Pacific Heights co-op has sold for $19 million, the city’s highest-priced co-op sale this year. The property spans the first and second floors of the luxury 2006 Washington Street highrise and was originally listed for $30 million in January.

Listing agent Gregg Lynn of Sotheby’s International Realty cut $11 million off the asking price in August, one day after the penthouse in the same Beaux Arts building also took an eight-figure price chop. Mary Lou Castellanos, also of Sotheby’s, represented the buyer. Neither agent was available for comment on the sale.

Public records show that the buyer for 2006 Washington Street #2 is A79 Trust Company, which has a mailing address in a commercial strip in Cheyenne, Wyoming. It purchased the 7,800-square-foot four-bedroom with two dressing rooms, a conservatory, lower-level ballroom, private entrance and several terraces and balconies for about $2,400 per square foot at the end of November.

The sellers are billionaires Susan and William Oberndorf, according to public record, who bought the unit in 2018. Oberndorf co-founded Mill Valley-based investment firm SPO Partners in 1989. He was one of the biggest backers of the June recall of San Francisco district attorney Chesa Boudin and has given millions to Republican candidates. The couple, who have a foundation in their names focusing on supporting charter schools and the environment, also has given $50 million towards a $5 billion fundraising campaign at UCSF.

The home is technically the biggest apartment sale this year, but the combined sale of two penthouses owned by the late former secretary of state George Shultz to a single buyer over the summer went for $29 million and was the third-biggest sale overall in San Francisco this year.

Though the lowest-level unit has sold, the penthouse at the top of the 1924 building near Lafayette Park is still on the market with an asking price of $35 million.

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