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Why young tech buyers are canceling travel plans to check out the panoramic property.
Some people think bridge-to-bridge views are the peak of San Francisco luxury living. That’s just table stakes at the full-floor 22nd-story condo at 10 Miller Place in Nob Hill, where on a clear day, four bridges can be seen from the private wraparound deck: the Golden Gate, Bay, San Rafael-Richmond, and San Mateo-Hayward.
“There’s so much texture in the view,” said the listing agent, Vanguard’s Marco Carvajal. “You feel like you can reach out and touch it.”
The views are exactly what attracted the owners to the full-floor flat, which has three bedrooms and three bathrooms in 2,400 square feet, in 2022. After they “walked in and immediately gasped,” they canceled the other four listings on their agenda, wrote an offer for $4.5 million, and signed the next day, Carvajal said.
The finishes were less awe-inspiring, though the galley kitchen was remodeled in 2012, according to city permits. The owners had plans to renovate the unit, the second highest in the 42-unit building, which was built in 1963, and the only one other than the penthouse above that takes up an entire floor. But earlier this fall they found their dream home on their dream street — a cul-de-sac just north of the Broadway tunnel — and jumped at the opportunity.
Now the condo, which includes two deeded parking spots and approved permits and renovation plans from EAG Studio, has hit the market, asking $5 million. That would be a new high for the off-the-beaten-path building on a half-block alley around the corner from the Fairmont. The penthouse one flight up last sold for $4.75 million, but that was during the relatively down market of 2023.
The secluded perch atop Nob Hill, private elevator landing, and sturdy, sound-dampening concrete construction give the condo a “fortress of solitude” vibe, Carvajal said. Other than aspiring superheroes, he could see a relocating New Yorker being drawn to the doorman building.
At the first broker’s tour Tuesday, eight agents said they had clients who would be interested, almost all of them young people in tech looking for a first home in the city. Some prospective buyers who were traveling are flying back early to see the place, Carvajal said.
“This condominium definitely screams young,” he said. “It’s that group of buyers who don’t want a single-family home. They don’t want to have to worry about the maintenance. They want everything taken care of for them, and that’s what a penthouse really is.”
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