Matt Rogers Acquires Sea Cliff Single Family Home In San Francisco For $30 Million
260 Sea Cliff Avenue
$30,000,000
$3,611/SF
Building Size
8,306 SF
Asset Type
Single Family
Closing
Jan 31, 2025
AI
The property asset involved in this transaction is located at 260 Sea Cliff Avenue in San Francisco. This single-family home spans 8,306 square feet and has been sold for $30 million, representing a price per square foot of $3,612. The property has been under the ownership of the Shorenstein family since 1988, marking it as a significant asset in the local real estate market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Address: 260 Sea Cliff Avenue
- Market: San Francisco
- Square Footage: 8,306
- Price Per Square Foot: $3,612
- Buyer: Matt Rogers
- Broker: Neill Bassi - Sotheby's International Realty
This transaction was conducted off-market, with the buyer being linked to Matt Rogers, a co-founder of Nest. The property has achieved one of the highest sale prices in the city this year, emphasizing its notable position within the San Francisco real estate landscape.
Players
San Francisco Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93