$65 million will buy you an unfinished mansion on S.F.’s Gold Coast
Monday, September 24th, 2007It would be one of the most expensive houses ever sold in San Francisco - a neoclassical villa with a four-story floating staircase and glass atrium, a facade of French limestone and a roof of 19th century Florentine tile is on the market for $65 million.
Despite the price tag, the home is a mere shell - it doesn’t have interior walls, floors or ceilings - and will require more than $10 million to complete. And it will require a buyer with a net worth of just under $1 billion. While any such buyer would surely pay cash, financing the palace with 10 percent down would mean a mortgage and property taxes of around $500,000 a month.
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