The most expensive home for sale in San Francisco just got a price cut

Photo of Anna Marie Erwert
3450 Washington St. boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington St. boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

When it first went to market two months ago, 3450 Washington St. boasted a price tag of $45 million, the most expensive home on the San Francisco market. Now, fresh from a $5.5 million price cut, this Presidio Heights mansion could be yours for $39.5 million — which means it’s still the highest-priced single-family home you can buy in the city.

The 9,865-square-foot mansion is historic, built in the 1930s by Albert Farr. Farr was a prolific California architect whose designs dot the Bay Area, notably in the Spanish Colonial Piedmont Church and the Parker Houses on Russian Hill, among a plethora of impressive homes in San Francisco's most prestigious neighborhoods.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

In the case of 3450 Washington St., Farr chose a French Normandy inspiration. Farr’s vision is very much alive in the home’s grand facade and impressive bones, but the interiors are fresh. According to the official marketing for the property, “The estate has been completely reimagined ... and recently renovated ‘down to the studs.’”

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

In its renovated incarnation, the mansion encompasses six bedrooms, seven full bathrooms and three half-baths. Additional amenities include two chef’s kitchens, a cigar room, a temperature-controlled wine cellar for up to 3,000 bottles, silk wallpaper, radiant heated floors and a wood-paneled library.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

The mansion rests on an almost-9,600-square-foot lot in Presidio Heights with gorgeous bay views. 

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

Despite the clear opulence on offer, the home did not find a buyer for its $45 million original ask. People have shown interest, however, according to listing agent Antoine Crumeyrolle of Compass, who told SFGATE, “We have had over 15 showings in the last 60 days, which is excellent for a house at this price point.”  

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It's still San Francisco's most expensive listing.

Christopher Sturman

The price cut, said Crumeyrolle, “is a sign to let buyers know that the sellers are serious about selling the house sooner than later.”

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The discounted price also leaves San Francisco without a single-family home listing over $40 million. The Washington Street mansion now tops a list of notable properties asking over $30 million, including the Ken Fulk bedazzled Birch home on Billionaires’ Row, asking $35 million; and the Michael Taylor signature “California Look” mansion in Sea Cliff, asking $32 million.