A Pacific Heights mansion perched on the Presidio wall hit the market last month at $7.495 million and, in the kind of move that makes even seasoned agents blink, just sold for $12 million - roughly 60% over asking. The three-story, 1926-built home at 3140 Pacific Avenue closed quickly in mid-July, and the price jump is one of the largest overbids recorded in San Francisco this year. The result underscores how fierce competition has become for trophy single-family homes in the city.
Sale details
As reported by The Real Deal, public records show the purchaser took title through a Delaware holding company, 3140pac LLC, and the sellers were Sean Warren and Anne Eu Warren. The sale closed last Wednesday for $12,000,000, according to Trulia.
Listing and property
The house hit the market in late June with a $7,495,000 ask and was listed by Janet Schindler of Sotheby's International Realty, as shown on the MLS entry hosted by Compass. That original price now looks almost quaint next to the closing number. The listing notes roughly 4,050 square feet, four bedrooms and five bathrooms, with forest and partial-bay views from the primary suite and an updated interior.
Quick close, big premium
Property aggregators picked up the transaction almost immediately, and major listing sites show the sale and the full history of the property. Zillow highlights the roughly 60% gap between the list and final price. That kind of snap from listing to close is increasingly common at the top end of the market.
What this signals for the market
Brokerage data and industry reporting suggest the 3140 Pacific result is part of a broader pattern of aggressive overbidding in San Francisco's luxury segment. Compass economists and spokespeople have pointed to dozens of $1 million-plus overbids in recent months, and coverage of Compass's MLS analysis has highlighted the spike in overbids as a striking indicator of renewed demand. Fox Business reported on Compass's findings and the commentary around them, while local market analysis has documented how median prices and sale-to-list ratios have tightened in the spring and early summer period.
Pac Heights context
Pac Heights has already produced headline sales this year. A nearby mansion closed at its full $27.5 million ask in April, underscoring how inventory at the very top of the market remains scarce and heavily prized. The 3140 Pacific closing is the latest reminder that, in prime San Francisco pockets, list price increasingly functions as a starting bid for well-capitalized buyers who are willing to pay up to secure a blue-chip address.
