Austin Klar shows a 5,000-sq-ft San Francisco lot with full entitlements for a 10,000-sq-ft home, pool, and wellness facility. The lot is priced under $7 million. A neighboring lot sold at $2,400 per square foot, and a nearby home recently sold for $24 million.
An opportunity to create one of the most spectacular residences in the entire city just hit the market, and I can't wait to see how they build this. If you've never been to Montclair Terrace before in Russian Hill, it's worth checking out. It's a tiny little cul-de-sac smack in the middle of the neighborhood with some of the best views money can buy in San Francisco. And someone has spent the past 5 years getting permits to build a one-of-one trophy home on an over 5,000-square-foot lot at 45 Montclair Terrace. Entitlements allow for around 10,000 square feet of living space and over 4,200 square feet of outdoor space across multiple terraces, roof deck, yard space, all with 270-degree unobstructed views all across the city. Plans even call for an indoor pool and a wellness facility. Truly, you're not gonna find anything like this in the city. A neighboring property on Montclair Terrace listed for over $2,400 a foot and went pending within a week with 3 offers. And another home in Russian Hill just broke Russian Hill record, selling for about $24 million, around $2,700 a foot. You can buy the existing lot at 45 Montclair Terrace for under $7 million, so plenty of upside to build a forever home there or a spec home. Share this with someone who would love to build something in this neighborhood and follow me for more San Francisco real estate.
