One of Pacific Heights' most recognizable mansions has quietly traded hands for a staggering $56 million, the priciest residential sale recorded in San Francisco since 2024. The Beaux-Arts residence, long tied to the Alioto family and featured in the 1974 disaster film The Towering Inferno, occupies a prominent corner lot with sweeping views of the Golden Gate and Alcatraz.
Public records show the property at 2898 Vallejo St. sold for $56 million, with the Daniel and Gina Alegre Revocable Trust listed as the seller and an entity called Granola Properties LLC as the buyer, according to the San Francisco Chronicle. The deal was handled off-market and, as the Chronicle reports, signals that demand at the very top of the city’s housing market remains strong.
House History And Hollywood Ties
Built in the early 1920s, the mansion has been woven into Pacific Heights’ social scene for generations. Previous listings and public records show the house surfaced on the market in the 2010s and was earlier owned by the Alioto family. A 2013 listing highlighted its period details and bay views, and local write-ups have long pointed to the property as a filming location for the 1974 movie The Towering Inferno. Sources including Intero Real Estate and SFGATE have documented the home’s vintage touches and neighborhood lore.
Renovations And Price History
The estate’s current scale and finish reflect years of upgrades. A previous Sotheby’s listing cited roughly 15,000 square feet and panoramic water views, and the owners who bought the home in 2013 went on to complete major work that included remodeled kitchens and baths, an elevator and an excavated lower level with an indoor pool, according to the Chronicle. Public records show the Daniel and Gina Alegre Revocable Trust acquired the property more than a decade ago, and earlier listings from that period list a range of asking prices tied to the home’s evolving renovation history.
What The Sale Means For The Top Of The Market
Industry data and local reporting indicate the sale is part of a broader resurgence at San Francisco’s ultra-luxury tier. Brokerage Compass and other market watchers have noted a jump in high-end activity and a March median home price that climbed above $2 million, driven in part by wealth connected to the region’s technology boom. The Los Angeles Times reported Compass data showing a record month for transactions over $5 million, underscoring renewed competition for trophy properties.
For Pacific Heights, long shorthand for big-money real estate, the $56 million closing, which tops a string of recent multimillion-dollar deals including a Gold Coast sale reported last winter, is likely to become a reference point in debates over the city’s recovery at the ultra-luxury level. Local brokers say private, off-market arrangements like this one are expected to continue shaping headline sales even as the broader housing market steadies.
