Thursday, November 13, 2008

Remember...

...That $70,000,000 penthouse atop the St. Regis in San Francisco that we discussed a few months back? Well children, hold on to your wigs because there are now heaps architectural renderings of the 20,000+ square foot doo-plex penthouse that have been posted on the always interesting Socketsite. Even more dee-lishus renderings can be seen here.

Listing information reveals that in addition to the six bedrooms, seven full and four half bathrooms, there are 4 terraces totalling nearly 3,000 square feet, a two story entrance foyer with a waterfall, natch, 22-foot high floor to ceiling windows wrapping around the high drama living room, a dining room for a dozen or more, a game room, library and lounge, and two kitchens, one for daily use and one for catering.

The 2,500 square foot master bedroom suite includes a lounge area, private terrace, an office, a gym with steam and sauna, gigantic dual custom fitted closets with fur storage and changing areas, and a triangular shaped infinity edged bathtub that holds an astounding 525 gallons of water. If you can pay this much for a home the realities of a dire water shortage in California are, apparently, completely irrelevant.

There are also four fireplaces, parking for six cars, 360 degree views, a wine storage room, a 13-seat home cinema and an executive office suite with a conference room.

We still think seventy million clams for a penthouse in San Francisco (or anywhere) is egregiously optimistic, particularly with the economy heading down the terlit. However, with all these lavish and dee-luxe amenities, as well as the five-star services of the St. Regis, a crazy rich billionaire with an obsession for looking at the TransAmerica Pyramid could really get their Howard Hughes on here.

33 comments:

Anonymous said...

Holy crap. That is nice. That is a ton of square footage and a great location. We live in Bay Area and took a weekend at the St. Regis for our anniv. last year. It was a fabulous location.

The tub is amazing, and 2900 in terrace space is too.

$70 mill, though. A lot of money. I'd probably take two of Astor's joints instead...

Anonymous said...

Not gonna happen. The guy who owns the penthouse at the Pierre (NY) has been trying to get 70 million for his place for years -- and that was before the market collapsed.

Anonymous said...

I would buy it and piss of the side at all the losers

Madam Pince said...

I'm a confirmed country dweller, but damn, that penthouse is nice. Might convince me to sneak into the city every now and then.

Anonymous said...

That place is drop dead gorgeous and I wouldn't change a thing. Love it, love it, love it. If they can't sell it, perhaps they could charge for tours - lol! I'd kill to go inside!

outsmoker said...

A truly amazing residence with so many great places to savor a Marlboro and not bother anyone while watching the city lights below. Perfect.

Anonymous said...

Momma

Here's a SF blog that often talks about the Saint Regie (and how their units ain't movin)

http://thefrontsteps.com/2008/11/12/on-top-of-the-world-at-the-st-regis-san-francisco/#comments

x o
Your daughter in Presidio Heights

Anonymous said...

Beautiful. Not a bad place to ride out the next big earthquake, but for 70 million clams I'd rather live in a 10 million dollar home smack in the middle of a huge amount of beautiful land I could call my own.

Anonymous said...

The problem here is that the large majority of people who get this kind of house and this kind of decoration can no longer afford to buy this kind of house. The folks who CAN afford this kind of house don't won't this kind of house, and definitely don't get this kind of decoration. In a funny way, it's both too modest and too fancy for them. Very sad, but this place will be destroyed by whoever buys it.

so_chic_darling said...

Well it's spectacular isn't it but it's like looking at the Faberge showroom the day after the Russian revolution. Who will buy me now?

average joe said...

Why does he not ask 500 MM for it ????

I mean you never know in this day and age

either ask 7MM for it tops and sell it this week and sue the hotel for the difference 40 MM

or list it for 500 MM and HOPE !!!!!!!

you can always hope

:)

Anonymous said...

I can offer 70MM for the whole city block with all the buildings on it

but for 1 penthouse ?????

Billy said...

It's a Bond villain’s lair. One that apparently only wears white short sleeve shirts, even in March.

Anonymous said...

that address is nice, but regardless if it was $70 million or $70 thousand, it's got no character...booooring!

Anonymous said...

This is place is probably the greatest pent house I've ever seen.

It's just way, way over-priced.

david kramer said...

It sounds so Schnabel...
Is that an adjective for real estate now?
So Julian.
David

Anonymous said...

Wonder what it will look like after the "big one" hits?

Anonymous said...

More info here. But registration is req'd.
www.museumtowerpenthouse.com

Somebody please let all us nosey chilins know the password to get in.

Anonymous said...

CONFIRMED: Ladies: Waterpolo studmuffin Tony Theo is available again. SINGLE.

luke220 said...

I think that he should sell it to the hotel and they can open a rooftop lounge and restaurant. That's what the design looks like, anyway.

Too bad that hotel business is in the tank and Starwood can't afford to buy it.

Anonymous said...

Is there a floor plan anywhere???

Anonymous said...

the owner should be shot dead for his greed with this asking price, get real. a group of fags should buy it together and open a bathhouse

Anonymous said...

haha, the sex to gays is always a lucrative investments its about all they do

Anonymous said...

Momma, your blog sucks. Thank god for Prop 8.

Anonymous said...

Hopefully the mommies of the last three commenters have finished warming their baby bottles and put them down for a nap or in front of the TV to watch Nickelodeon.

Anonymous said...

Tony Theo who? Never heard of him. Sounds like a gay porn name.

St. Regis - San Francisco said...

Ring! Ring! Hello? Michael Maloney? It's the St.Regis. We need help in our penthouse. Apparently the heterosexual owner was sniffing something in the clouds which caused a powerful and effective delusion of being a gay decorator with style and taste. It's two years later, the effect has worn off and he's stuck with what could be described as the detox induced "Vomit Decor". Can you save us?

Help! Help! Help!

Anonymous said...

I am a huge fan of this site, I am addicted ever since I ran across it a few months ago, and never have commented until now, but I must say, when I looked at pictures of this penthouse, I gasped so alarmingly I startled even myself. And then I did it again. This is what I would call dying and going to heaven, without actually having to die. I would even run my fingers through Donald Trump's hair to live in such a spread.

Tony T said...

Hi Tony Theo here, I am the nice gay decorator of this penthouse. I like the smell of leather.

lil' gay boy said...

Views good… price bad.

What some might call a "tour-de-force"; lovely to look at, but just how livable?

And after having been in a minor earthquake in SF (no, not "the earth moved" variety), I would not want to be that high up during the "big one".

Anonymous said...

The so-called tub and its water needs says it all about this kind of buyer.

average joe :[) said...

Fed Officials Saw Economy Shrinking Through Mid-2009 Last Month
By Steve Matthews

Nov. 19 (Bloomberg) -- Federal Reserve policy makers last month predicted the U.S. economy will contract through the middle of 2009, with some prepared to cut interest rates further in response, according to a record of their meeting.

``Some suggested that additional policy easing could well be appropriate at future meetings,'' the Fed said in minutes of the Oct. 28-29 Federal Open Market Committee gathering released today. ``In any event, the Committee agreed to take whatever steps were necessary to support the recovery.''

Fed officials lowered their forecasts for inflation and gross domestic product to account for the choking off of credit to households and businesses as some of the biggest U.S. financial companies failed. Some FOMC members foresaw a risk that the inflation rate will fall below the Fed's objective of ``price stability.''

``Participants generally expected the economy to contract moderately in the second half of 2008 and the first half of 2009 and agreed that the downside risks to growth had increased,'' according to the minutes.

The Fed at the meeting cut its benchmark interest rate to 1 percent, matching a half-century low, in an effort to avert the worst recession since World War II.

Fed officials lowered their economic growth projections to 0 percent to 0.3 percent for 2008 from 1 percent to 1.6 percent, according to the median forecast of Fed governors and district- bank presidents. They predict growth next year of between negative 0.2 percent and 1.1 percent, down from 2 to 2.8 percent in June.

Inflation Forecast

The panel estimated 2008 inflation, excluding food and energy at 2.3 percent to 2.5 percent, from 2.2 percent to 2.4 percent in June. The Commerce Department's so-called core personal consumption expenditures price index is seen rising 1.5 percent to 2 percent next year, compared with forecasts of 2 to 2.2 percent in June.

``Some saw a risk that over time inflation could fall below low levels consistent with the Federal Reserve's dual mandate of price stability and maximum employment,'' the minutes said. Some Fed officials felt ``more aggressive easing should reduce the odds of a deflationary outcome.''

The Oct. 29 FOMC statement said ``the pace of economic activity appears to have slowed markedly'' while inflation was expected ``to moderate in coming quarters to levels consistent with price stability.''

Bernanke Remarks

Fed Chairman Ben S. Bernanke said yesterday in testimony to the House Financial Services Committee that ``there are some signs that credit markets, while still quite strained, are improving.''

``However, overall, credit conditions are still far from normal,'' he said.

Government figures today showed the cost of living in the U.S. fell last month by the most on record and construction began on the fewest homes ever, evidence the economy is in the worst recession in at least a quarter century.

The consumer price index plunged 1 percent last month, the most since records began in 1947, the Labor Department said in Washington. Commerce Department figures showed housing starts tumbled to an annual rate of 791,000, indicating the industry's contraction may extend into a fourth year.

The U.S. economy may contract at a 3 percent annual pace this quarter, the median estimate in a Bloomberg News survey of 59 analysts this month. Economists don't expect growth to resume until the three months ending in September 2009. The U.S. economy shrank at a 0.3 percent annual rate last quarter, the most since the 2001 recession.

``We are navigating the mother of all financial storms,'' Dallas Fed President Richard Fisher said Nov. 4. A recovery in the U.S. economy ``will take time,'' Fisher said. ``I don't see any economic growth in 2009. None.''

The Fed is forecast by economists to reduce the federal funds target rate to 0.75 percent by the end of December and 0.50 percent in the first quarter. The federal funds rate was last below 1 percent a half century ago, when Dwight Eisenhower was president.

Anonymous said...

Go away joe