Posted on 04/13/2015 2:52:51 PM PDT by nickcarraway
A condominium in San Francisco's South of Market neighborhood is on the market for $49 million.
The property is a 13,800 square foot duplex penthouse on the 41st and 42nd floors of the new Lumina building at 201 Folsom Street.
According to the listing, there are five bedrooms, five "entertaining rooms," six bathrooms, two half bathrooms, a gym/massage room, and family lounge. The windows are 20-foot high "shimmering walls of glass" that offer 360-degree views and there are eight exclusive-use outdoor spaces including a private rooftop terrace. A sale of this unit could be the most expensive condo deal in the history of San Francisco, reported The Real Deal.
Business Insider noted that properties inside the Lumina begin at $2 million and will not be ready until later this year, and the duplex penthouse will not be habitable until summer of 2016.
And two glory holes...
Good luck unloading that in this market.
You obviously don’t like in the area.
Build your own tower of babel for that much.
Just where I want to be when the ‘big one’ comes calling...
either a Russian or an Arab will buy it.
“The windows are 20-foot high “shimmering walls of glass” that offer 360-degree views”...
of the pitcher & catcher bath house and fisting salon.
I used to skate ALL over that city at ALL hours —the worst places at the worst times.
Some of the SOMA —South of Market District— is okay, but a LOT of it is industrial and disgusting.
A lot of fags hang out there, and late at night you can catch them humping and stuff —it’s disgusting. There are also spots where there is pee and poop, and not from dogs.
This place up high might be shimmering but I guarantee you that the base of this building is probably pretty scary and there is ZERO chance the owners will permit their kids to play in the streets around there.
DANGEROUS FOR KIDS.
To be there at night you better look pretty strong and mean and unreceptive to gay stuff.
SOMA = Yucky and gay.
Actually probably someone from mainland China.
I’m in Manhattan this week, where an apartment on 57th Street just sold for $100 million. Most of the buyers for these “new” apartments are Arabs and Chinese.
forgot about the Chinese.
In London they have multi-million dollar houses for sale with his and her bathrooms...arab buyers??
I was thinking the same. I sure do not want to be in there when Big Bertha comes rolling in
‘’like in the area’’? You mean I don’t live in the area? No I don’t. But a bad real estate market is pretty much the same all over and San Fran ain’t The Big Apple if you know what I mean.
Great place for Tim Cook’s parties. His guests all live in the area.
Well, come out here and check. You will be surprised. No bad real estate market. Unless you are buying.
the Communist Chinese (mostly) money comes to the gay Leather Bars, live sex theatres, and “Glory Holes” neighborhood.
the real estate people call this “gentrification”
There are lots of good, regional, real estate markets.
Small houses in my small town in Montana (1,500 sq. ft.) start at $250,000. You want to live near downtown? Have $500,000.
A nice sized 4-5 bedroom home near downtown can reach $1,500,000.
We have homes within 50 miles of here (ski areas) that go for over $25,000,000.
People buy in SF, NY and other places. Just try not to buy in Weirton, WV...
What does one do for work out that way?
She had not been there for about 15 years. The first thing she noticed were the very aggressive pan handlers, the drug addicts, and the indigent.
They were everywhere, and they were just "asking" for a handout, they were demanding one.
Even my liberal relatives knew the score, and were leery of them.
The cities policies have literally caused an infestation of crime, homelessness, addiction, immorality, and dependence.
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