San Francisco Mansion on Billionaires' Row Sells for Record $42 Million

Historic San Francisco Mansion Sets Record with $42 Million Sale

A mansion on San Francisco's prestigious Billionaires' Row has sold for a staggering $42 million, setting a new benchmark for the city’s luxury real estate market. The transaction at 2930 Broadway is the most expensive home sale in San Francisco this year, reflecting a surge in demand fueled by an influx of tech wealth.

The off-market deal, which surpasses the previous high of $30 million for a Sea Cliff property sold in January, underscores the growing appetite for high-end properties in the Bay Area. The 7,320-square-foot historic home, designed by renowned architect Arthur Brown Jr. in 1928, was sold by the estate of Brooks Walker Jr., a prominent Bay Area figure who passed away in 2024.

A Historic Property with Modern Appeal

The mansion’s historical significance and architectural pedigree add to its allure. Arthur Brown Jr., known for his work on San Francisco landmarks like Coit Tower and the San Francisco City Hall, designed the home with an elegant blend of classic and modern elements. The property’s rich history and meticulous craftsmanship make it a standout in the competitive luxury market.

"Properties like this are rare gems," said a local real estate expert. "The combination of historical value and modern amenities makes them highly sought after by affluent buyers, especially those from the tech industry."

Mystery Buyer and Market Trends

The buyer, listed as HOS Pacific LLC, is a California-based company with connections to Texas. This sale aligns with a broader resurgence in San Francisco’s high-end property market, where sales of homes priced above $5 million have jumped by 55% year-over-year. Total home sales have also increased by 35%, indicating a robust recovery in the luxury sector.

"The market is experiencing a significant rebound," noted another real estate analyst. "Tech wealth, particularly from artificial intelligence startups, is driving much of this demand. These buyers are looking for properties that reflect their success and status."

Tech Wealth and Its Impact on Real Estate

The influx of wealth from the tech sector has been a major driver of the luxury real estate surge. San Francisco, home to some of the world’s leading tech companies, has seen an increase in high-net-worth individuals seeking premium properties. This trend is expected to continue as the tech industry expands, fueling demand for luxury homes.

"Tech wealth is reshaping the real estate landscape," said an industry expert. "These buyers are often young, successful entrepreneurs who want properties that align with their lifestyles and aspirations."

Inventory Shortage and Future Prospects

Despite the strong demand, the luxury real estate market faces an inventory shortage. The available supply of high-end homes is struggling to keep pace with the influx of buyers, creating an imbalance. Real estate experts predict that this shortage will likely drive prices even higher in the coming years.

"The market is awash with capital, but there simply aren’t enough properties to meet the demand," said a market analyst. "This scarcity is pushing prices to record levels and making competitive bidding more common."

Comparison to Past Sales

While the $42 million sale is a significant milestone, it does not break San Francisco’s all-time record. In 2024, Laurene Powell Jobs purchased a mansion nearby for $71 million. This year’s sale, however, highlights the continued strength of the luxury market and its potential for future growth.

"Every record-breaking sale sets a new standard for the market," said a real estate insider. "These transactions not only reflect the current demand but also shape expectations for future sales."

Broader Bay Area Trends

The Bay Area’s luxury real estate market is also experiencing notable activity. In 2025, the region’s largest deal occurred in Woodside, where the historic Green Gables estate sold for $85 million. Though below its initial listing price, the sale remains one of the most significant transactions in the area.

"The Bay Area continues to attract high-profile buyers," said a local expert. "Properties like Green Gables are not just homes; they are symbols of prestige and exclusivity."

Conclusion

The $42 million sale of the historic mansion on Billionaires' Row is more than just a record-breaking transaction. It reflects the broader trends shaping San Francisco’s luxury real estate market, driven by tech wealth and a resurgence in demand for high-end properties. As the market continues to evolve, experts predict that such milestones will become increasingly common, cementing San Francisco’s status as a premier destination for luxury living.