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.
The market is hot. It's a lot of money, but some wealthy person will buy it. The area is like Manhattan, high-rises popping up everywhere, with a low vacancy rate. I used to work in the buildings just to right of center in the picture, at One Market Street. I looked out at the bay from my desk watching sailboats go by. As part of my duties sometimes me and my crew would check on microwave equipment on the roof, a height comparable to this condo. Commanding views of the entire region for many miles in all directions, simply beautiful to take in. The rich have no problem spending money for a great view, considering they pay cash for places half that cost without a view.
Entrepreneur? The University? The 40 or so non profits that are trying to save the planet? Oracle? The multiple ski areas? Landscaping?
In essence, you can work for a company or carve a niche...
Hope this helps. If you need more info, FReepmail me.
Cocktail time!
‘’non-proft’’? How do you pay someone if your aren’t making a profit? The Oracle? That thing is still being printed?
Nah, that's on the first floor, part of the Club
Either Whitefish or Bozeman, no others
They don’t.
To live in San Fran, they’d have to pay me 49.5 Million.
Ditto.
Yes, I live in the Zone.
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