SAN FRANCISCO (KPIX 5) – A massive penthouse condo atop a luxury high-rise in San Francisco’s South of Market is being offered for a whopping $49 million, shattering local real estate records.

The Lumina high-rise project is a couple of years away from completion, but the 15,000 square foot penthouse that takes up two stories atop one of the towers is already open for bidding.

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“It’s truly an iconic view home,” Gregg Lynn of Sotheby’s International Realty told KPIX 5. “Once you can get to the 42nd story of a building downtown, you really have the whole world at your feet.”

The price tag smashes a San Francisco residential real estate record, set recently by a Pacific Heights home that listed for $39 million. While that pad has the comforts of a single-family home, Lynn said the penthouse offers that and an incredible view of the city.

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“There’s a family room, a library, a movie studio. All the things you would want to have in a mansion. It’s just that this one is 400 feet in the sky,” Lynn said.

The Lumina SF project will also have more than 650 luxury apartments, each worth about $2 million.

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Lynn said they’ve already received several calls from all over the world from interested buyers.