New home most expensive listing in S.F.'s Marina District ever

San Francisco’s Marina has a new listing that has just set a new record in the elite neighborhood for luxury homes, as it relates to the price point.

As reported in The San Francisco Times, the new construction at 435 Marina Blvd., which went on the market recently, is now the most expensive home listing the district has ever seen. At $25 million, the 5-bedroom, 7.5-bathroom residence has outdone the next pricey listing of Marina lore at 3560 Baker St., which sold for $8.7 million in June 2019.

Built by real estate developer Manouch Moshayedi, the home boasts over 7,000 square feet of living space, including a 360-degree view roof deck and an elevator. Amenities also include two laundry rooms, three outdoor barbecue areas, multiple skylights and custom automatic window coverings. There is also a 4-car garage equipped with EV chargers.

According to a Compass representative, the house was originally intended for personal use, but with young grandchildren in Southern California, the sellers weren’t traveling the Bay Area as much as expected.

As a competitive sailor and member of St Francis Yacht Club, Moshayedi realized the value of the Marina Boulevard location and view of the bay. He has won the prestigious Barn Door trophy during the Transpacific Yacht Race and broke the record for finish time during the Pacific Cup Regatta with his 100’ boat Rio100, according to Compass.

In 2014, the home, which was designed by Vin Léger of the city's EAG Studio and built by San Francisco-based Citywest Construction, was going through the initial permitting and design with building starting in December 2017. The construction was just completed in July.

While the cost of construction has not been disclosed, Compass listing agent Camilla Moshayedi noted that "there was no expense spared" in terms of finishes and materials.

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