A mansion on San Francisco’s Billionaires’ Row has set a new record for the most expensive home sale in the city this year. The property at 2930 Broadway in Pacific Heights was sold off-market for $42 million, according to reports from the San Francisco Chronicle. This transaction surpasses the previous high of $30 million, which was achieved in January with the sale of 260 Sea Cliff Avenue by the Shorenstein family.
The estate belonged to Brooks Walker Jr., who was known for his contributions to business and civic life in the Bay Area. The home had been owned by Walker’s family for about six decades before being sold following his death last year at age 96.
HOS Pacific LLC, a California company with reported connections to Texas, is listed as the buyer. According to reporting by the San Francisco Standard, this entity is linked to Joseph O’Neill, a Texas oil executive and associate of former President George W. Bush.
This deal follows another significant transaction nearby: 2898 Broadway is now under contract after being listed at $26 million, having previously been offered at $32 million last year. The seller is Jim Willenborg, managing partner at Baker Street Partners.
San Francisco’s luxury housing market has seen increased demand recently. As artificial intelligence expands and more technology professionals move into the area, finding available high-end homes has become increasingly difficult.
Sales of homes priced above $5 million in San Francisco rose by 55 percent last month compared with September of last year. Overall home sales grew by 35 percent year-over-year.
Despite its price tag, the sale at 2930 Broadway does not surpass San Francisco’s all-time residential sales record. That distinction remains with Laurene Powell Jobs’ purchase of a nearby mansion at 2840 Broadway for $71 million last year.
In comparison, outside city limits, the largest Bay Area real estate transaction this year involved Green Gables estate—a 74-acre property that sold for $85 million after originally being listed for $135 million.
