SAN FRANCISCO (CBS SF) — Well-heeled new homeowners in San Francisco will reportedly still have to shell out extra money for a washing machine and dryer when they purchase a condo at a pricey Pacific Heights complex.

According to a recently published Yahoo Finance article, the high-end, 76 unit luxury development the Pacific on Webster Street is offering residences that range from 1-bedroom condominiums going for around $2 million to multi-level town houses that could go for as much as $20 million.

The complex that proclaims to embody “a modern reflection of classic elegance” on its website was constructed using the existing framework of the former University of Pacific Dugoni School of Dentistry and features 12-to-14 foot ceilings and 360-degree views of San Francisco Bay, the Golden Gate Bridge and Mount Tamalpais.

The condo complex also includes a concierge, a valet, a lobby attendant, a gym with outdoor yoga terrace and a lounge on the eighth floor.

According to the article, one of the complex’s three-bedroom, three-bath units on the sixth floor has sold for $8.9 million, making it the most expensive property per-square-foot sold outside of Manhattan in the U.S.. But despite the high price tag — and the fact that residents additionally have to pay homeowners association fees in the area of $1,800 to $3,000 per month —  home buyers still have to pay for the washer-dryer unit of their choice when they move in.

Of course, anyone who is dropping millions of dollars on one of these high-end residencies (nearly half of the complex’s 76 units have already been sold, according to Yahoo Finance) can probably scrape up enough money for a washer-dryer from the cushions of the couch.

While figures have been indicating the sky-high prices of San Francisco’s rental market have been softening in recent months, the drop in rents apparently has not impacted the demand for the kind of plush residencies offered by the Pacific.

However, buyers might also note that Handel Architects, the creative minds behind the Pacific, is also the firm that designed the slowly sinking and tilting Millennium Tower that has stirred up so much controversy.

Comments (3)
  1. Anybody who would buy one of these overpriced POSes deserves to lose all their money.

  2. the interior finishes, odd angles, strange windows, bad layouts…. not impressive architecture (my subjective opinion) resale at higher price? very iffy devaluation? YES. We are at top of market, could be a great investment in one or 2 years when prices will be 33% lower, even for unoccupied units…. mark my words

  3. While it doesn’t seem to be an architectural wonder from what can be seen in this picture, it’s unfair to discredit Handel Architects because of the Millenium Tower. It is not the job of architects to deal with this issues, but the responsibility of the engineers and city officials and regulations. This is like saying Picasso is responsible for the security of museums exposing his artwork.

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