Meet the Latest, Priciest Home in the Trees

By Dave Fratello June 29th, 2007.

For several months, builders have been pushing the ceiling up in the Tree Section, trying to make $3.5m the new normal for top-end everything.

Along comes 1718 Pacific, blowing them all away with a $4.5m pricetag on a remodel just a few doors down from the school. (To be fair, this was a big-time rebuild/remodel, in '03.)

The big asset: a 9,900 sq. ft. lot – yes, double the normal size for the area, and it's well-concealed, too, because the lot is much deeper than it is wide.

The rear yard has room for all you'd find in a different kind of suburban neighborhood – a patio for entertaining, some grass, a pool, and a sports court.

Compare this to the previously most-expensive home in the Trees: new construction at 570 27th (across from Ladera School), and there is no comparison. The listing for 27th ($3.75m) seeks your oohs and ahs for: "a huge, rare 6800+ square foot lot," onto which the builders (Schaar) placed the following outdoor amenities: grass, and a narrow strip of tiled patio. The home at 1718 Pacific is actually larger.

Now, is this Pacific home $750k better than the 27th St. home, or $1m better than the nice Farnham build at 717 31st (with no outdoor space to speak of)?

Or, for that matter, is this one really in a place beyond the grander homes in the Hill Section at $3.0-$4.3m? Mere mortals cannot say... but the market will.

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