Home of the Week: Beaux Arts Estate in San Francisco

Presidio Terrace 34 BLOG Extraordinary Home of the Week: Beaux Arts Estate in San Francisco

This is a reprint from California Home Blog:

Here at California Home, we are always on the lookout for properties of pedigree. We’re talking about properties with provenance, the attachment of a famous architect or a rich narrative that moves them into the category of art. This magnificently renovated Beaux Arts mansion on the Presidio in San Francisco has an illustrious past that meets all of those distinctions. Forbes called it ”a mansion fit for royalty. Or at least an elected official.” After all, former San Francisco Mayor Joe Alioto (1968-1976) once lived in this 1911 estate. Designed by renowned architect G. Applegarth, the 8,040 square-foot residence reflects a certain level of grace with a grand white marble reception hall and large public rooms for entertaining. From the formal dining and living rooms to the paneled library, the home takes you back to another era. A great room over lit by a large skylight with a retractable screen adjoins the modern gourmet kitchen, while a breakfast/sitting area opens to a beautiful side terrace and garden. Upstairs, there are four bedrooms suites that radiate from a dramatic u-shaped gallery, accessed by a double-wing staircase. The lower level features home theatre, playroom, gym with wet bar, steam shower with sauna, wine vault and an au pair suite. Other amenities include two laundry rooms, four fireplaces, updated systems and solar electricity.

Interesting to see what the buyers are looking for.

 They make up the largest generation in our nation’s history – even bigger than the Baby Boomers. They are just reaching their prime home buying age. And for the most part, they’ve never owned real estate before. Watch out housing market: Here come the Millennials. And their impact on the real estate industry could be significant.

According to a couple of new studies reported this week in USA TODAY, there are about 90 million Millennials or members of Generation Y as they’re also known, and the oldest ones are hitting their early 30s now and ready to become homeowners.

This is good news of course for home builders, who are just now recovering from the recession and looking to replenish the nation’s housing stock. It’s also encouraging for existing home owners and Realtors because it brings a new generation of buyers for their listings even as baby boomers…

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