Moving

A Penthouse at San Francisco’s Millennium Tower Lists for $14 Million – Robb Report

The master bedroom

Jacob Elliot

If you don’t mind moving into a building that once sank, here’s a condo for you.

The penthouse atop San Francisco’s Millennium Tower has hit the market for $14 million, the Wall Street Journal reported Monday. The 5,000-square-foot apartment features two bedrooms, three bathrooms, and more impressively, stunning views of San Francisco Bay.

The living room

Jacob Elliot

Software company founder Craig Ramsey is selling the condo after purchasing it in 2016 for $13 million alongside realtor Gregg Lynn from Sotheby’s International Realty. The previous owner, the late venture capitalist Tom Perkins, installed an “orchestral ceiling” in the living room, Ramsey told the WSJ. He also left several works of art that Ramsey included in the sale, such as a 6,000-pound glass sculpture. Along with these other unique features, the condo boasts a 3,500 square foot great room and an outdoor deck for enjoying the sights.

The building as a whole offers further benefits, allowing you to enjoy the convenience of a hotel with the added bonus of actually owning your space. There’s a fitness and Pilates center, salt pool, screening room, wine cellar, outdoor area with multiple fire pits, and more.

All of these amenities, however, must tarnish the Millennium Tower’s reputation. In 2016, it was reported that the building tilted and sank into the ground. At the time, Mission Street Development was being sued by the city and residents of the building. (The Wall Street Journal could not be reached for comment.) Engineers have since tried to stabilize the building and put it back upright. Simpson Gumpertz & Heger, the company dealing with the problems, told the newspaper that their efforts have been successful in restoring the building, at least partially, to its former condition. (The company did not immediately respond to Robb Report’s request for comment.)

The terrace

Jacob Elliot

“I knew the building was going over,” Ramsey told the WSJ. “As a result, I got a very good discount.”

Last year, Ramsey sold a smaller unit in the Millennium Tower for $2.7 million, and now he’s ready to give up his footprint in the building for good. While $14 million is a much higher price, Ramsey called it “aggressive” in hopes of selling the condo quickly. If a buyer can see past the building’s past, their goal can be realized.

Click here to view all Millennium Tower Penthouse images.

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