
San Francisco, CA 94109
Analysis of 1948 Pacific Avenue, San Francisco, CA 94109 is currently available with a list price of $18,000,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property underwent a meticulous five-year rebuild, placing it within the <5-year renovation window for an excellent rating. It features a gourmet kitchen with high-end Lacanche appliances, spa-like bathrooms with premium fixtures, and completely modernized systems and amenities including an elevator and full spa facilities.
A meticulous five-year renovation of an 1887 Victorian by Charles Kenitzer, offering over 8,400 square feet of living space with 13-foot ceilings and an elevator servicing four levels.
The residence features a 3,000-bottle wine cellar, a full spa with a cold plunge and sauna, and a backlit onyx bar, making it an elite venue for high-profile entertaining.
Positioned on a coveted flat block in Pacific Heights, the property boasts panoramic San Francisco Bay views from nearly every level and is steps from world-class dining and the Presidio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8485, other record living area = 6370.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4741, living area = 8485.
The extensive square footage and complex luxury systems, including the elevator and full-scale spa facilities, necessitate significant ongoing maintenance and operational costs.
Significant price reduction. Now offered at a compelling new price, this fully modernized Pacific Heights residence presents a rare opportunity to own an architectural trophy with exceptional scale, panoramic Bay views, rare wider-lot presence, and state-of-the-art systems and finishes. Perched on a coveted flat block in Pacific Heights, this grand-scale Victorian has been transformed through a meticulous five-year reconstruction, preserving key architectural elements while introducing modern sophistication. Spanning approx. 8,485 sqft, this 6-bedroom, 6-full-bath, 2-powder-room residence blends timeless craftsmanship with contemporary design, complete with an elevator serving the ground floor through the top four levels and dramatic Bay views from nearly every level. The property includes 4-car parking: a 3-car garage plus gated driveway space. Original double doors open to a grand parlor with soaring 13-foot ceilings, wide-plank oak floors, and a sweeping staircase. The gourmet kitchen and great room are anchored by a 9-burner Lacanche range, floor-to-ceiling mahogany cabinetry, three dishwashers, and custom copper fixtures, opening to a terrace with panoramic views and a fully equipped outdoor kitchen. The primary suite offers stunning views, a fireplace, bespoke paneling, custom dressing room, and spa-like bath with a hammered copper tub and steam shower. Additional bedrooms feature charming details, built-ins, and refined finishes throughout. The top floor includes a skylit bedroom, media room, and private office anchored by a striking 13-foot suspended redwood slab desk opening to a private view deck. Designed for relaxation and hosting, the lower floors include a lounge with backlit onyx bar and stage, 3,000-bottle wine cellar, home gym, and full spa facilities including a hot tub, sauna, cold plunge, and outdoor shower. This iconic property has also served as the backdrop for private, high-profile events, most recently hosting a Jordan Brand Super Bowl weekend experience. Located steps from Union Street, Fillmore Street, and the Presidio, this exceptional residence offers grand-scale living in one of the city's most sought-after and storied neighborhoods. Select photos include AI-enhanced renderings intended to offer a fresh perspective on the home's scale, design potential, and modern livability.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 8.0 | 0.0 |
| Square foot | 8,485 | - |
| Lot Size | 4,741 | - |
| Price | $18.00M | $2.02M |
| Price per sq ft | $2.1K | $1.2K |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 147 | 46 |
May 16, 2026
$18,000,000
$18,880,000
-5% Price Drop
Initial Listing
Feb 25, 2026
$18,880,000
Initial Listing
Jun 30, 2014
$5,000,000
Public Record