According to the SF Chronicle, after a protracted stint in the real estate market, a notable mansion on San Francisco's illustrious Gold Coast was sold for $29,150,000. The mansion, previously owned by tech entrepreneurs Michael and Xochi Birch, who hit it big with the social network Bebo before selling to AOL, was first listed at $32 million in September 2022 but closed the deal below its asking price.
This sale, which took place last Friday, becomes the city's second-largest real estate transaction this year, only trailing behind Laurene Powell Jobs' $70 million acquisition of a nearby mansion. The property, positioned on 2799 Broadway, has spectacular views, capturing the essence of the Golden Gate Bridge, Marin, Alcatraz, and the East Bay, detailed in a Zillow listing.
The 11,690-square-foot mansion does not shy away from luxury. It boasts seven bedrooms, nine bathrooms, and a host of amenities, such as a library, gym, roof terrace with a spa, and even a hidden wine cellar fashioned in the speakeasy-style. Listing agent Deborah Svoboda of Sotheby's International Realty mentioned that the home was custom-designed by Ken Fulk specifically for the Birch family.
Despite the mansion's undeniable appeal—offering a lacquered dining salon, walnut floors, and radiant heating—its journey to sale was no swift affair. Initially going on the market at $39 million in 2019, the property faced withdrawal during the height of the COVID-19 pandemic before resurfacing with a reduced price tag, as shared by the SF Chronicle.
