Cherry Street mansion sells for $28.5m, topping $18.5m list

An eight-bedroom mansion on Cherry Street in San Francisco's Presidio Wall neighborhood sold for $28.5 million on October 22. The final price exceeded the original asking price of $18.5 million by ten million dollars, setting a new record for the city. The property was listed on October 2.

The home was constructed in 1966 with a design by the architectural firm Whisler-Patri. SF Gate previously described Whisler-Patri as one of San Francisco's most active architectural offices. The residence features a large footprint, a private garden, and a three-car garage. It had remained in the same family for more than 40 years prior to this transaction.

The sale was executed by the Janice R Lurie Trust and the Robert A Lurie Trust, according to the San Francisco Business Times. Robert Lurie previously owned the San Francisco Giants baseball team. The Lurie family had held the property for several decades before deciding to place it on the market.

The AI industry's presence in the region has pushed housing costs higher due to high salaries for its employees. The Guardian reported earlier this month that rising prices make housing difficult to find for residents with six-figure incomes. The San Francisco Chronicle noted that the high end of the market is experiencing intense competition.

Data from Compass indicates that more than 140 homes in San Francisco sold for at least $1 million over the asking price during the first six months of 2026. That figure was eight in the same period the previous year. In September, almost 92% of single-family homes sold above the asking price, according to the Chronicle.