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

Just Posted

Pharmacist Hank Chen is known for providing personalized service at Charlie’s Pharmacy in the Fillmore.<ins> (Kevin N. Hume/The Examiner)</ins>
Left: A Walgreens at 300 Gough St. is among San Francisco stores closing.
Walgreens closures open the door for San Francisco’s neighborhood pharmacies

‘I think you’ll see more independents start to pop up’

San Franciscans are likely to have the opportunity to vote in four different elections in 2022. (Kevin N. Hume/S.F. Examiner)
Electionpalooza: SF school board recall will kick off a flurry of local races

‘It’s going to be a lot of elections and a lot of decisions for voters to make’

Four young politicos were elected to city government on the Peninsula in 2020. From left: Redwood City Councilmember Michael Smith; South San Francisco Councilmember James Coleman; Redwood City Councilmember Lissette Espinoza-Garnica; and East Palo Alto Councilmember Antonio Lopez.<ins> (Examiner illustration/Courtesy photos)</ins>
Progressive politicians rise to power on the Peninsula. Will redistricting reverse the trend?

‘There’s this wave of young people really trying to shake things up’

The fate of San Francisco nicotine giant Juul remains to be seen, as the U.S. Food and Drug Administration is reviewing whether to allow certain flavored vape products on the market. <ins>(Jeenah Moon/New York Times)</ins>
How the vape king of teen nicotine addiction rose and fell in San Francisco

‘Hey, Juul, don’t let the door hit you on the way out’

Most Read