Pacific Heights penthouse sells for $16M, same as 2014 price
Rare two-level top-floor unit first listed in 2019 for $25M
A rare duplex penthouse atop Pacific Heights has sold for $16 million — the same price it last traded for a decade ago, according to public records.
The price is $9 million lower than its original $25-million ask in 2019.
Located on the seventh and eighth floors of 2000 Washington Street, the four-bedroom home has four full baths, two half-baths and a media room, library and home gym on its upper level. In total, it spans about 6,200 square feet, according to listing notes from agent Gregg Lynn. It is one of just two penthouses with two levels in Pacific Heights.
The Sotheby’s agent declined to comment on the sale, which went into contract on Jan. 3 after several years on and off the market and closed Jan. 31. No buyer’s agent was listed. The transaction has yet to appear in city records, so the buyer’s identity is unknown. But, according to comments from Sotheby’s agent Joseph Lucier when the home went into contract, the new owner is a local who is “very familiar with the building.”
“He is a San Franciscan who is very committed to the city and its continued [position] as a center for technological innovation and investment,” he said at the time.
Lucier represented the sellers when the penthouse last changed hands in 2014, also for $16 million. To his knowledge, the sellers this time around, listed in public records as Trinity Sky Revocable Trust, spent about $3 million renovating the top-floor portion in the 1922 building to create the “triple-mint superlative condition” it’s in today.
“It’s absolutely one of the top five apartments in San Francisco,” he said.
Originally listed for $25 million in September 2019, it went off the market between mid-2021 and mid-2022. After coming back with the same asking price in May 2022, it took a 20 percent price cut to just under $20 million in October that year.
Closing more than a year after that price cut, the sale is 20 percent below the newer asking price and 36 percent off the initial asking.
As one of two sales to trade over $10 million so far this year, it could provide a valuable comp for the luxury market as the spring sales season starts. The other $10-million-plus sale of 2024 thus far was SF Examiner and Merchant Exchange Building owner Clint Reilly’s Sea Cliff home, which traded for $14.5 million on Jan. 18. Both properties traded at around $2,600 per square foot.