San Francisco Luxury Real Estate Sees Record $26 Million Contract

San Francisco Luxury Real Estate Sees Record $26 Million Contract

Alejandro Reyes
2 min read

San Francisco Luxury Real Estate Update

A significant development has unfolded in the luxury real estate market of San Francisco, as the high-end property located at 290 Sea Cliff Avenue has been listed for a remarkable $26 million and has recently gone into contract. This stunning property, situated in the esteemed Sea Cliff neighborhood, is projected to become one of the city's most expensive sales this year.

George Sarlo, a seasoned tech venture capitalist (VC), who acquired the property back in 1993 for $2.2 million, has decided to allocate the proceeds from this sale to the Sarlo Family Foundation. This foundation is dedicated to the support of Bay Area nonprofits, particularly those focused on youth mental health and political organizing.

Key Takeaways

  • 290 Sea Cliff Avenue, a prestigious property in San Francisco, is under contract for a staggering $26 million.
  • The sale proceeds will be channeled into the Sarlo Family Foundation, with a specific focus on youth mental health initiatives.
  • Prior to listing, the approximately 8,000-square-foot property was transferred to the foundation.
  • George Sarlo, the property owner, is an influential figure in the early tech venture capital community and holds a position at Walden Venture Capital.
  • This sale has the potential to become San Francisco's most significant residential transaction of the year, surpassing previous records.


The $26 million sale of 290 Sea Cliff Avenue not only signifies the ongoing strength of the luxury real estate market in San Francisco, but also presents a strategic philanthropic effort on the part of George Sarlo, highlighting a broader trend among tech leaders leveraging their resources for positive social impact. This transaction, expected to rank as the city's foremost residential sale of 2024, is anticipated to bolster confidence in the local luxury market, potentially prompting other affluent individuals to explore similar philanthropic endeavors.

Did You Know?

  • Tech VC (Venture Capitalist):
    • A venture capitalist (VC) is a professional who provides capital to startups and early-stage companies with high growth potential in exchange for equity. VCs often possess expertise in business and finance and play a pivotal role in guiding and bolstering the companies they invest in.
  • Sea Cliff Neighborhood:
    • Sea Cliff constitutes an opulent neighborhood in San Francisco, renowned for its captivating vistas of the Pacific Ocean, the Golden Gate Bridge, and the Marin Headlands. It stands out as one of the city's most exclusive and luxurious residential areas, characterized by sprawling homes and a notable concentration of prominent residents.
  • Walden Venture Capital:
    • Walden Venture Capital is a venture capital firm specializing in early-stage investments, particularly in the media, entertainment, consumer, and technology sectors. The firm is recognized for its track record of nurturing startups and aiding them in evolving into thriving businesses by offering not only financial support, but also strategic guidance and industry connections.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings