A seven-bedroom mansion built in the 1890s has hit the San Francisco market for just under $35 million, landing the Pacific Heights estate among the city's priciest active listings. The roughly 9,000-square-foot home at 2724 Broadway includes a hidden kitchen entrance and now belongs to sisters Kathryn Hope and Pamela Kringel, who inherited the property after their parents died earlier this year.
According to The Real Deal, Hope lives in San Francisco while Kringel lives in South Dakota, and the listing is held by agent Neal Ward. The home was previously owned by David and Karin Chamberlain, who bought the property for nearly $4 million in 1989. David Chamberlain had served as CEO of health supplement maker Shaklee as well as footwear companies Stride Rite and Genesco, the outlet reports.
A House Shaped by Decades of Renovation
The Chamberlains made few changes before moving into the Broadway mansion in the late 1980s, per the same account, but their family later relocated to Boston for David's work before returning to San Francisco in 2007. A subsequent renovation added an elevator connecting all four floors, reinforced the foundation following the 1989 Loma Prieta earthquake, and created a combined living and dining area with kitchen access to a terrace. The home also retains a two-car garage and historic architectural details, including curved metal balusters.
The listing lands squarely inside a luxury market that The Real Deal describes as experiencing a hot streak, with buyers tied to the artificial intelligence sector snapping up top-tier San Francisco homes at a rapid clip. Neal Ward told the Wall Street Journal, according to the outlet's reporting, that 14 San Francisco homes had sold for at least $20 million so far in 2026, compared with eight homes across all of 2025.
AI Wealth Reshapes the City's Priciest Blocks
The surge isn't confined to Pacific Heights anecdotes. Per the San Francisco Chronicle, the median price of luxury homes sold across San Francisco and San Mateo counties was nearly $7.5 million from July through September this year, up 23% from the same period in 2025 and more than 60% from 2019. A San Francisco real estate agent told the paper that many AI workers have been able to access cash by borrowing against their stock or selling shares through company-approved tender offers.
Bidding wars have become almost routine at the top of the market. The Chronicle notes that from January through June, more than 140 San Francisco homes sold for at least $1 million above their list prices, compared with just eight homes during the same stretch a year earlier. About 79% of city homes selling for more than $7 million closed with no mortgage at all through September 1, the paper reports — a sign of how much of this money is arriving in cash.
Record-Setting Sales Across the City
Some of the comparable sales underline how aggressively buyers are moving. A Presidio Heights mansion at 20 Cherry St. closed for $28.5 million on Oct. 22 after listing for just $18.5 million on Oct. 2 — a $10 million premium that the Chronicle says set a city record for the largest dollar amount a home has ever fetched above its asking price. Separately, a Pacific Heights mansion at 2833 Vallejo Street sold for $19.4 million last month, The Real Deal reported.
Accounts differ on how much another nearby property, 2090 Vallejo Street, ultimately fetched. The Real Deal's November 2 report put the sale at $19.5 million following a $25 million listing in mid-September, while the same outlet's November 9 report on the Broadway listing cited a $25 million sale price for 2090 Vallejo after a few weeks on the market. Other recent deals tracked by The Real Deal include a Russian Hill home at 1281 Greenwich Street that sold for its exact asking price after 117 days on the market, and a Napa mansion at 1129 Dealy Lane that fetched $13.9 million, more than $4 million above its $9.8 million list price.
Where the Money Is Landing Next
The geography of San Francisco's eight-figure home market is shifting too. According to The San Francisco Standard, luxury home prices citywide were up 30% to 40% by late October, and the eight-figure market has expanded beyond traditional ultra-wealthy northern neighborhoods like Pacific Heights into southern locales such as Potrero Hill that sit closer to AI job centers.
Brokerage Compass, which The Real Deal notes ranked first in its most recent Bay Area brokerage rankings, claimed $30.7 billion in on-market transactions on homes above $100,000 as of May 2025. Against that backdrop, San Francisco is experiencing what The Real Deal describes as a mansion shortage, with buyers in the artificial intelligence sector competing hard for a limited supply of top-tier homes — the same dynamic now putting the Broadway estate's hidden kitchen entrance and century-old details in front of a market flush with fresh AI wealth.
