Deborah Svoboda of Sotheby's International represents high-end sellers and buyers in San Francisco. She believes 2022"proved to be a challenging year in San Francisco real estate due to the consecutive interest rate hikes, stock market volatility and tech layoffs.” But, she added, “the luxury market held steady, as evidenced by the three top annual sales between $29.5 and $34.5 million, all of which occurred off market.”real estate firm, handles pocket listings regularly.
“To put a pin on one main reason is not easy,” he said. “For some, it's privacy, getting only approved and verified buyers through the door. For others, it's a way to test the waters on price and interest, and for many, it is because they don't want to go through the pressure and stress of properly preparing a home for sale.
Previously, this 14-room mansion was the home of art collectors Norah and Norman Stone, who filled some of its enormous halls with prominent works of modern art., attempting to do so quietly, off market. The quiet part didn’t actually happen, because Zuckerberg’s sale was, up to that point, the most expensive San Francisco home deal of 2022. It quickly became a news story, and not for the first time.
Zuckerberg originally purchased this 1928 home in November 2012 for $10 million, meaning he made a pretty penny here.that “the [new] buyer for the Zuckerberg property is 3450 21st Street LLC,” which, incidentally, is also the address of the property. In other words: We have no idea who bought this place.
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