San Francisco mansion listed at $18.5m sells for $28.5m just 20 days later

Homes selling above their asking prices are not uncommon in San Francisco’s luxury real estate market, but one recent sale has set a city record. An eight-bedroom mansion at 20 Cherry St. on Presidio Wall sold for $28.5 million on Thursday, 22 October, fetching $10 million more than its $18.5 million asking price after just 20 days on the market, according to the San Francisco Business Times. The buyer’s identity has not been disclosed. Nina Hatvany of Compass represented the buyer.A rare sale after four decadesThe house, at the end of a cul-de-sac on the edge of the Presidio, sits on about 0.31 acres, which is a large lot for this part of the city. Built in 1966, this mid-century house was designed by the Whisler-Patri architectural firm.