A serial tech investor has listed a Hollywood Hills-style mansion in San Francisco’s Glen Park for $22 million.
Ben Ling, founder of Miami Beach-based Bling Capital and a former executive at Google, is selling the 9,900-square-foot estate at 21 Everson Street, near Fairmount Plaza, the San Francisco Business Times reported.
Ling bought the contemporary home in 2013 for $1.8 million, then spent millions on a years-long makeover.
The $22 million price is unusual for the neighborhood on San Francisco’s south side and rivals listings in Pacific Heights to the north.
The highest price paid for a home in Glen Park was around $10 million, according to Frank Nolan of Vanguard Properties, who holds the listing.
“It’s worth noting that homes of this caliber typically command a construction cost ranging between $2,000 and $3,000 per square foot,” Nolan told the Business Times. The home’s current asking price equals about $2,220 per square foot.
The six-bedroom, nine-bathroom home, redesigned by Cotati-based Studio Graf, now has four stories with floor-to-ceiling views of San Francisco Bay.
The secluded hilltop mansion, shrouded by pine and eucalyptus trees, has a double-height foyer leading into a main floor of 2,300 square feet, with 10-by-10-foot sliding glass doors, according to the listing.
The high-tech home includes polished concrete and wood floors with radiant heat, a chef’s kitchen with two dishwashers, a formal dining room, a formal living room with fireplace, and a 22-seat movie theater.
Upstairs, a master bedroom has a wood-paneled ceiling above a built-in bed, with a spa-like bathroom with a double shower and a separate soaking top.
The home has numerous terraces, including a rooftop deck with an outdoor kitchen accessed via a retractable glass skylight. A two-car garage comes with EV plug-ins, next to a garden.
Ling, a seed investor for tech startups that include Udemy, HoneyBook and Zenefits, and his partner, front-end web developer Chris Coudron, in 2021 bought a mansion in Miami Beach for $29.5 million.
A month later, Ling announced he was moving his San Francisco venture capital firm to Miami.
— Dana Bartholomew