Pacific Heights Mansion Sold for $45 Million in December
The 10,742-square-foot property at 2850 Broadway changed hands in an off-market deal.
Updated on Sept. 27, 2026 in Residential
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TSG Consumer Partners CEO Chuck Esserman acquired the longtime Pacific Heights estate formerly owned by Larry Ellison for $45 million. The transaction for the 2850 Broadway residence closed off-market in December 2025.
Why it matters
The sale highlights the ongoing turnover of marquee properties along Billionaires Row. This high-profile transfer follows Laurene Powell Jobs' $71 million purchase of the neighboring estate in 2024.
The home sold for $45 million, significantly above its 2025 assessed tax value of $8.9 million. The property spans 10,742 square feet.
The players
Chuck Esserman
The CEO of TSG Consumer Partners and the buyer of the 2850 Broadway estate.
Larry Ellison
The prominent tech executive who owned the Pacific Heights property starting in 1988.
Laurene Powell Jobs
The neighbor who acquired an adjacent property on Billionaires Row in 2024.
The details
Designed by William Wurster in 1958, the home was held by Larry Ellison for decades after his 1988 purchase for $3.9 million. The transfer to Chuck Esserman occurred through an off-market trust arrangement. No public listing was utilized to complete the deal.
Timeline
1958: Architect William Wurster designed the home.
1988: Larry Ellison purchased the property for $3.9 million.
2018: Chuck Esserman acquired a separate San Francisco home.
2023: Chuck Esserman purchased a Las Vegas mansion for $30 million.
December 2025: Chuck Esserman closed the purchase of 2850 Broadway for $45 million.
Across the Bay
This transaction follows the pattern established by the $71 million sale of the neighboring property to Laurene Powell Jobs in 2024. The sale reinforces the current trend of high-value, off-market transfers among notable figures along Billionaires Row.
The transfer marks a change in ownership for one of the most prominent homes in Pacific Heights. Residents may notice adjustments to security or property maintenance as the new owner takes possession.
The takeaway
Large estate sales in Pacific Heights often occur privately, bypassing the typical public real estate market. Track future property transfers in the neighborhood by monitoring public tax assessment records available through the City and County of San Francisco.
Further reading
For more on the local housing market, visit Residential.
Source note: This article includes information reported by The Times of India.
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