Realtor has one last home for the holidays

By Kate Williamson

Staff Writer

Conventional wisdom holds that the holiday season is a slow time for homes coming to the market and selling, but that is not the experience of Richard Bastoni of McGuire Real Estate. He and his business partner have put five homes on the market between Thanksgiving week and the present, he said, and four are in escrow.

The fifth — a $4.5 million penthouse with an extra ground-level condo unit atop Russian Hill at 1 Florence St. — has also received a lot of buyer interest, he said.

“I don’t think the holidays make a difference … there are so many buyers at different levels, and if you have their property, they’ll buy. They’ll jump,” Bastoni said.

“We have special properties, unique properties and they’ve been selling,” he said. “We have several buyers who are watching the computer every hour for something new.”

It’s been that way for the past three or four years, since the housing market began rising tremendously, and has continued despite the recent cooling in the market, he added. As such, he doesn’t do anything special to market his holiday season homes: no lights, no greenery, no tinsel, no wreaths.

“Sometimes if a place is vacant, we’ll have a stager come in. I don’t have any of my listings decorated for the holidays,” he said. “They just put fresh flowers in, fresh plants and orchids.”

The Florence penthouse property has exceptional views of the Golden Gate and Bay bridges, he said. It features custom windows, a large private terrace, bamboo floors, a wood-burning fireplace, granite counters, a media room,a private laundry and one-car parking.

It comes with a first-floor small studio condo with its own terrace and parking, as well as views. It is within walking distance of North Beach and Hyde Street, and also close to Nob Hill and Polk Street, Bastoni said.

Where: San Francisco

Asking price: $4.5 million

Property tax: $58,500*

What: 2 bedrooms, 2½ baths, around 1,600 square feet

Amenities: Extra studio condo, roughly 300 square feet, with its own views, terrace and one-car parking; main penthouse two-bedroom unit has views, custom windows, private terrace, bamboo floors, wood-burning fireplace, location atop Russian Hill.

Agent: Richard Bastoni, McGuire Real Estate,

(415) 351-4650

*Estimate based on 1.3% of asking price

kwilliamson@examiner.com

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

A Recology employee stands at the comapany’s recycling facility on Pier 96 in 2016. (Jessica Christian/2016 S.F. Examiner)
Nuru scandal: Feds charge second former Recology executive with bribery

A second former Recology executive is facing charges for allegedly bribing ex-Public… Continue reading

(Kevin N. Hume/S.F. Examiner)
City College classes for English learners jeopardized by cutbacks

English learners and their supporters called for financial support from The City… Continue reading

Kiana Williams
Stanford’s Kiana Williams drafted by WNBA champion Seattle Storm

Kiana Williams is going from one championship team to another. A senior… Continue reading

Talika Fletcher, sister of Roger Allen, is consoled at a vigil to honor her brother, who was killed by Daly City Police on April 7, on Wednesday, April 14, 2021. (Kevin N. Hume/S.F. Examiner)
Supporters march for SF man killed by Daly City police

Struggle over fake gun ends in shooting of 44-year-old Roger Allen, DA says

Syd Mandelbaum created the home run tracker, which revolutionized statistics in major league sports. (Courtesy photo)
Home run tracker, with roots at Candlestick Park, marks 30 years

When Giants first baseman Brandon Belt slugged a solo home run in… Continue reading

Most Read