A New Hill Record

Posted by Dave Fratello on Friday, October 17th, 2008 at 4:23pm.

It took a while, but we've just gotten word that 900 Pacific has closed for $9.85m.

The home is huge (6br/7ba, 10,500 sq. ft. of living space) and just about a year old. It sports one of the best hilltop, ocean-view locations in the Hills.

The sale actually closed in mid-August but previous scans have shown no information on the sale.

This appears to be a new record for the Hill Section, eclipsing a sale at 863 6th (5400 sq. ft., 11,000+ sq. ft. lot), which sold off the MLS in August 2007 for $8.325m. Note that the 6th St. home is considerably smaller.

The price on 900 Pacific is impressive, but it's also $1m off the start price of $10.9m. The home sold very quickly – we recorded 9 DOM before it was posted in "backup offer" status – but the buyers still lopped a mil off. Everybody wins.