San Francisco estate sells for $10m above listing price as AI boom drives up costs

Eight-bedroom mansion listed at $18.5m sold for $28.5m and has a private garden and three-car garage

San Francisco estate sells for $10m above listing price as AI boom drives up costs

TL;DR

  • A San Francisco estate sold for $28.5 million, $10 million above its listing price, setting a new city record.
  • The AI boom is a key driver of rising real estate prices, making housing unaffordable even for those with high incomes.
  • The luxury housing market is highly competitive, with a significant rise in homes selling for $1 million over asking price.
  • The eight-bedroom mansion, built in 1966, features a private garden and a three-car garage.
  • The property was owned by one family for over 40 years and sold by the Janice R Lurie Trust and Robert A Lurie Trust.

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