San Francisco house price surge trends pushed a historic Presidio-adjacent mansion to sell for $15 million in just three weeks. Specifically, the fully detached home at 2 Sixth Avenue originally hit the market on September 17 for $7.999 million. Furthermore, fierce buyer bidding drove the final closing price an extraordinary 87.5% above the seller’s original asking price.
Rare Presidio border location attracts massive multi-million dollar bids
Listing agent Maureen Terris of Compass received nine competing offers for the 4,490-square-foot home built in 1914. Sellers Bob and Joan McGrath sold the First Bay Tradition architectural compound after decades of ownership.
Additionally, the property sits on a 9,233-square-foot lot directly bordering Presidio National Park. Unlike typical row houses in the city, the four-bedroom residence features mature front and rear private gardens.
| Property Parameter | Listing & Closing Transaction Details |
| Property Address | 2 Sixth Avenue, San Francisco |
| Initial List Price | $7.999 Million (September 17) |
| Final Sale Price | $15.000 Million (87.5% above asking) |
| Price Per Square Foot | ~$3,341 per square foot |
| Property Size & Lot | 4,490 sq ft house / 9,233 sq ft lot |
| Key Architectural Features | Original redwood trim, butler’s pantry, library, Presidio views |
Wealth generation and AI boom propel extreme real estate premiums
Consequently, the sale price translates to approximately $3,341 per square foot for the 112-year-old estate. Meanwhile, buyer representative Ronda Priestner completed the sale for an undisclosed high-net-worth individual.
Furthermore, local real estate experts attribute escalating market competition to massive wealth creation driven by artificial intelligence companies. Therefore, as this San Francisco house price surge demonstrates, premier detached properties continue commanding historic market premiums.
