The purchase extends a buying spree she’s made of luxury California properties. Earlier this year, she bought a $94 million estate in Malibu spanning four acres and overlooking the Pacific Ocean — …
A mansion in San Francisco’s tony Pacific Heights neighborhood sold for approximately $70 million, property records show, setting a record for a home in the city.
The sellers of the San Francisco mansion, located in the so-called Billionaire’s Row area of Pacific Heights, are Sloan Lindemann Barnett and Roger Barnett, who bought the home in 2011 for $33 million. She is the daughter of billionaire George L. Lindemann and he is the chief executive officer of supplement company Shaklee Corp.
The deal follows a recent trend of wealthy people playing an outsized role in San Francisco’s housing market. Home sales in the city rose 9% in the second quarter from a year earlier — but they jumped 54% for properties priced at $5 million or more, according to brokerage Compass. The average days on the market for listings is at a two-year low.
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