A Gilded Age mansion in San Francisco has sold for $17.75 million, just over half its original listing price.
Tech investor Jim Willenborg and his wife, Barbara Willenborg, bought the house for $3.4 million in 1998 and put it on the market for $32 million in 2023. It was most recently priced at $26 million. The identity of the buyer couldn’t be learned.
The Willenborgs didn’t respond to a request for comment.
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Located a block from the Presidio with views of the Golden Gate Bridge, the five-story house was built around 1900. The Willenborgs have invested more than $2 million in renovations and upgrades over the years.
Regarding the deeply discounted sale price, listing agent Max Armour of Compass said San Francisco’s market has endured ups and downs over the past two years. “Listen, a property is worth what a buyer is willing to pay,” he said. He had the listing with colleague Karen Mendelsohn Gould.
Joan Gordon with City Real Estate represented the buyer.
Market snapshot
San Francisco’s luxury market is now on the upswing after several years of choppiness, Armour said, citing the city’s new mayor and the AI boom. In October, the number of luxury-home sales above $5 million jumped 44% from the same month of last year, according to data from Compass.
Armour cited a string of recent big-ticket sales. A Pacific Heights house recently sold for $42 million, property records show, and a nearby home on the Presidio traded for $26.5 million.
Write to E.B. Solomont at eb.solomont@wsj.com