If first you don’t succeed: Developer Troon Pacific, which pitched a spec house in San Francisco’s Russian Hill for $45 million in 2018, and sold it for $27 million last year, is trying again.
The firm is about to list another spec home, this time in the nearby Cow Hollow neighborhood, for $46 million.
Mr. Malin added he thinks the San Francisco market has rebounded substantially since then.
Sometimes, he said, San Francisco buyers spend tens of millions on a home, only to have to invest equal or more in an expensive renovation.
Listing agent Neal Ward of Compass noted the Cow Hollow property is much larger than most other homes in its vicinity, thanks to its triple-wide lot, and added that it is rare to find such a large site to develop in an upscale San Francisco neighborhood.
don’t, Gregory Malin, ”, Malin, Neal Ward
Developer Troon, Troon Pacific, Troon, Compass
San, Russian, Northern California, Troon, San Francisco