Forget a bidding war. This was a blowout.
A 112-year-old house on the lip of San Francisco’s Presidio has traded for $15 million, a jaw-dropping $7 million more than its sellers asked.
The four-bedroom at 2 Sixth Ave. came to market in late September with a $7.999 million price tag. It closed Oct. 7 at an 87.5% premium, about two weeks after its debut.
That pencils out to roughly $3,340 a square foot, about triple the $1,108 a typical San Francisco house fetched in August.
“We received 9 strong offers,” listing agent Maureen Terris of Compass told The Post. “This exceptional property was a once-in-a-generation opportunity and the market responded.”
Ronda Priestner, also of Compass, brought the buyer, who has not been publicly identified.
The appeal starts with the dirt. The 4,490-square-foot home sits on a 9,233-square-foot parcel on a dead-end block above Lake Street, with gardens that run right up to the national park. In a city where houses are wedged shoulder to shoulder, this one stands alone.
“This house featured well-preserved architectural elements from 1914, was fully detached and set back from the street, and was situated on an oversized lot with front and back gardens bordering the Presidio National Park,” Terris said.
The residence is a product of the First Bay Tradition, a homegrown style that favors timber and handiwork over flash. The redwood trim dates to the home’s construction, the dining room has a coffered ceiling and both it and the living room have fireplaces that burn real logs.
A library wrapped in bookshelves looks out over the Presidio and its golf course. The kitchen has a Wolf range set into a brick wall, timber beams overhead and a butler’s pantry, with doors leading to a patio and the back garden.
Upstairs are four bedrooms and a covered porch. The primary suite swallowed a former bedroom to create a dressing room lined with closets. There are four bathrooms, two of them half baths.
Then comes the real San Francisco flex. A detached two-car garage sits at the end of a brick driveway with room for at least five more vehicles.
The deal is extreme even for a city where the list price has become an opening bid.
Compass counted 144 San Francisco homes that sold for at least $1 million over asking in the first half of 2026. The same stretch of 2025 produced eight. June alone accounted for 44.
The brokerage’s chief economist has pinned the surge on the artificial intelligence boom, which has minted a class of buyers flush with cash and short on patience.
The frenzy has not cooled. In August, 85% of houses in the city sold above list, an 18-point jump from a year earlier. The median house price hit about $1.855 million, up roughly 24%, while the supply of houses for sale shrank 31%.
Sellers that month collected an average of 124% of what they asked. The Sixth Avenue sellers got 187.5%.
The closest recent rival is a Union Street mansion that sold in May for close to twice its $8 million ask.
Nor was the Sixth Avenue home obviously lowballed. Zillow’s own estimate had pegged it at about $7.36 million before the offers rolled in.
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