The San Francisco home of Arthur Ciocca, founder of wine company The Wine Group, has sold for $20 million, making it the second-biggest sale in San Francisco this year. The property is located in the desirable Sea Cliff neighborhood and offers breathtaking oceanfront views. The single-family home spans 7,540 square feet and features five bedrooms, along with a wine tasting room.

Summary of transaction details:

• Property Type: Single Family
• Sale Price: $20,000,000
• Square Footage: 7,540 sq ft
• Price per Square Foot: $2,653
• Market: Sea Cliff, San Francisco

The all-cash deal was facilitated by real estate agents Neal Ward of Neal Ward Properties and Malin Giddings of Compass. The buyer's representative, Malin Giddings, works with Compass, a leading real estate agency. Neal Ward, representing the seller, Carlyse Ciocca, is also affiliated with Compass.

This transaction marks a significant milestone in the San Francisco real estate market, with the property's impressive sale price and stunning oceanfront location. While the buyer's identity remains undisclosed, the deal reflects the ongoing desirability of luxury properties in the city.