Zephyr Real Estate Sells Remarkable 'Gold Coast' Estate for $28.5 Million
Posted by Melody Foster-Brown — March 19, 2012
San Francisco, CA - March 19, 2012 - A Billionaire's Row residence on Broadway in Pacific Heights just sold in a private, off-market sale. Anna Spathis and Dennis Stavropoulos of Zephyr Real Estate represented the buyer. The grand estate had a list price of $28.5 million.
The property last sold in 1998 with a list price of $5.5 million. The owner oversaw a complete renovation in 2002, using only the finest designs and materials. The spectacular home spans over 16,000 square feet, seven bedrooms, seven bathrooms, four half baths, two family rooms, two kitchens, rooftop terraces, six fireplaces and high-speed elevator access to all five floors. A basketball court is also part of the estate. Panoramic views encompass the Bay, Golden Gate Bridge and Alcatraz as well as the City itself.
"Zephyr Real Estate is pleased to have represented our clients in their purchase of this stunning property," stated Matthew Borland, Partner/Sales Manager of Zephyr's Pacific Heights office, as well as leader of the company's Premiere Property luxury division. "These opportunities are infrequent, and it is gratifying to have been able to put this deal together."
While multi-million dollar estates are far from a rarity in San Francisco, one of this magnitude is certainly not typical. Dennis Stavropoulos, a luxury real estate specialist representing the buyers in this purchase said, "2701 Broadway is truly an inspired residence with classic architecture, an optimal blend of spaces, and a grand presence on Broadway Street with expansive unobstructed views of Golden Gate Bridge and City skyline. Our clients loved it from the moment they walked in."
"It was exceptionally rewarding to work with our clients in their purchase of this spectacular property," commented Anna Spathis, a top-producing agent and luxury real estate specialist who co-represented the buyers in this transaction. "The home is breathtaking and shows off our City at its very best."
As the local economy begins to show positive signs, so has the luxury residential real estate market in the area.
About Zephyr Real Estate
Founded in 1978, Zephyr Real Estate is San Francisco's largest independent real estate firm with $1 billion in gross annual sales and a current roster of more than 200 full-time agents. In 2010, Zephyr launched its new website, which has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; the luxury real estate network, Who's Who in Luxury Real Estate; and the local luxury marketing association, the Luxury Marketing Council of San Francisco. Zephyr has six strategically located offices in San Francisco, a business center in Marin County, and serves a large customer base throughout the San Francisco Bay Area. For more information, visit www.zephyrsf.com.