Lake Street Home Sold for $15 Million
The property at 2 Sixth Ave went for $7 million over the asking price after a competitive bidding process.
Updated on Oct. 9, 2026 in Residential
Live Poll
Is housing affordability in your area getting better or worse for the average resident?
A four-bedroom house bordering the Presidio National Park has sold for $15 million. The 1914 residence commanded a sale price $7 million above its $7.999 million list price following a flurry of market interest.
Why it matters
The sale highlights a highly competitive segment of the local real estate market where premium, well-preserved properties significantly outpace citywide pricing trends. It underscores the intense demand for rare, large-lot homes adjacent to the city's major green spaces.
The home sold for $15 million, which is $7 million over the initial asking price. This sale is part of a broader trend that saw 144 San Francisco homes sell for at least $1 million over asking in the first half of 2026.
The players
Compass
The real estate brokerage firm that tracked and reported on the citywide volume of high-premium home sales.
The details
The home, which measures 4,490 square feet on a 9,233-square-foot lot, attracted nine competing offers after coming to market in late September 2026. The transaction closed on October 7, 2026. The property is noted for its original 1914 architectural details and its unique positioning against the Presidio.
Timeline
1914: Original construction of the home.
First half of 2026: 144 homes sold $1 million over asking.
August 2026: San Francisco median house price reached $1.855 million.
Late September 2026: Property was listed for sale.
October 7, 2026: The sale transaction closed.
Across the Bay
This sale follows the pattern of the 144 San Francisco homes sold $1 million over asking in the first half of 2026 reported by Compass. It demonstrates that even as market conditions fluctuate, rare properties on oversized lots continue to command extreme premiums.
Residents should note that homes in neighborhoods bordering the Presidio continue to see record-high interest and sale prices. If you are tracking local property values, keep an eye on similar historic homes hitting the market as the year concludes.
The takeaway
This sale serves as a reminder that competition for historic, park-adjacent properties remains fierce regardless of broader median price trends. Watch future sales reports to see if this $7 million premium over asking signals a new threshold for luxury properties in the district.
Further reading
For more on the current state of the local housing market, visit Residential.
Live Poll
Is housing affordability in your area getting better or worse for the average resident?
