Arthur Ciocca's Oceanfront Home In Sea Cliff Sold For $20M
San Francisco
$20,000,000
$2,652/SF
Building Size
7,540 SF
Asset Type
Single Family Residence
Closing
Apr 20, 2023
AI
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.
San Francisco Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93