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A San Francisco Penthouse Just Sold for a Jaw-Dropping Price

Written by Liz LindqwisterPublished Apr. 14, 2023 • 1:33pm
Daniel Lunghi for Sotheby’s International Realty

A penthouse in Pacific Heights closed this week for $11 million, the largest residential apartment sale this year. The sale is only eclipsed in price by a house at 3450 Washington St., which sold for $34.5 million in March.

The penthouse at 1960 Broadway is one of just three existing pre-WWII penthouse apartments in San Francisco that are a full floor and span two levels, according to Sotheby's Realty. Deborah Svoboda of Sotheby's International Realty secured the deal for the company's San Francisco brokerage.

One of SF's largest co-op-style apartments, the penthouse spans roughly 4,360 square feet and was renovated in 2011.

Quirky features of the home include an 800-pound custom-made metal door, a private elevator and wraparound windows that offer views that span from the Golden Gate Bridge to Telegraph Hill. It has a terrace and—a rarity for San Francisco—a two-car garage.

The entry for 1960 Broadway features an 800-pound metal door. | Daniel Lunghi for Sotheby’s International Realty

The apartment was built during San Francisco's "Golden Age" of architecture, designed by architect Frederick Quandt and completed in 1925. Another nearby Pac Heights apartment designed by Quandt was once listed for $9.88 million.

READ MORE: Remembering Architect Timothy Pflueger, the Man Behind Some of SF’s Most Iconic Skyscrapers, Theaters and Bars

The local real estate market has fluctuated wildly in the last few months, as San Francisco braces against a worsening tech downturn and the emptying of commercial buildings in Downtown SF. Compass real estate analysts say that the residential market is starting to rebound from a wintertime slump, but luxury home sales have slowed considerably.

Scroll down to see stunning images of the penthouse.

The main living room at the penthouse in Pacific Heights has a bay view. | Daniel Lunghi for Sotheby’s International Realty
There is ample library space at the 1960 Broadway penthouse in Pacific Heights. | Daniel Lunghi for Sotheby’s International Realty
The main bedroom in the penthouse at 1960 Broadway features coastal views. | Daniel Lunghi for Sotheby’s International Realty
The office at a recently sold luxury apartment in Pacific Heights has a view. | Daniel Lunghi for Sotheby’s International Realty
The rooftop terrace has wraparound views at 1960 Broadway. | Daniel Lunghi for Sotheby’s International Realty
The main dining room is expansive at the Pacific Heights penthouse. | Daniel Lunghi for Sotheby’s International Realty

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