Bay Area/ Oakland/ Real Estate & Development
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Published on August 28, 2024
$4.5 Million Property Hits the Market as Oakland Proper's Current Most Expensive Single-Family HomeSource: Theresa Hope Broderick / The Agency

The Oakland real estate market has just seen the entry of a new frontrunner in the race for the most expensive single-family home. A newly constructed property at 21 Moyer Place, boasting a blend of modern amenities with mid-century beginnings, is now listed for $4.5 million, making it the priciest single-family offering in the city, as reported by Mansion Global.

While the original structure dates back to 1952, the house is largely a product of recent construction that began in 2017, with developer Nitin Shah initially imagining it as his personal dream home. However, various delays, including those caused by the pandemic, led Shah to change his plans. "Due to Covid-19, material sourcing was very difficult. Delivery of materials sometimes took six months or more," Shah explained to Mansion Global. The home is designed with versatility, potentially catering to a large family through its multi-generational layout or being split into three connected residences with an accessible elevator.

According to the listing from the Agency, the estate includes over 5,490 square feet of space, five-plus bedrooms, and features like a media room, gym, private bar, and a game room. It is touted as an entertainer's delight but retains the charm of its 1952 origins. The property also includes landscaped gardens, a secure gated entry, and parking for seven vehicles, reinforcing its status as a high-end residential offering.

Tabatha Petersen, handling the listing alongside Hope Broderick, emphasizes the house's appeal for hosting large gatherings, saying, "The home was designed to hold large groups, it is an entertainer’s home, but it really feels like a family home". The rooftop deck is highlighted as a key attraction. "When you get your friends together, that’s the place where everyone is going to want to go," Petersen told Mansion Global.