San Francisco Home Sells for $5.9 Million
The renovated property in Ashbury Heights sold for $1.4 million above its initial asking price.
Updated on Oct. 26, 2026 in Residential
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A 1,445-square-foot home at 1284 Stanyan Street in San Francisco recently sold for $5.9 million following a gut renovation. The property, which previously served as a residence for Gavin Newsom, drew multiple offers after hitting the market for $4.5 million in September 2026.
Why it matters
The sale highlights significant home price appreciation in Ashbury Heights, as the property sold for $3 million more than its 2019 purchase price. This transaction reflects the competitive nature of the local market, where renovated smaller-footprint homes continue to command premium prices.
The home sold for $5.9 million, significantly above the $4.5 million asking price and nearly double the $2.9 million paid in 2019. The property spans 1,445 square feet on a 9,600-square-foot lot, marking a notable valuation for the Ashbury Heights area.
The players
Gavin Newsom
The current Governor of California who previously resided in the Stanyan Street home and is currently marketing a separate Fair Oaks estate.
Sandra McBride
The seller who purchased the Stanyan Street property in 2019 and recently completed a gut renovation.
The details
The seller acquired the home in 2019 and performed a complete gut renovation before listing it in late September 2026. The property, which includes two bedrooms and an artist studio, attracted multiple competing offers that drove the final price well above the initial $4.5 million ask. This outcome underscores the high demand for updated housing inventory in the San Francisco market.
Timeline
The property was listed for sale in late September 2026.
The sale of the home closed on October 22, 2026.
Money Landscape
Individual property sales like this one reflect the localized demand for renovated homes in San Francisco. This micro-market trend contrasts with larger regional efforts, such as the naval station redevelopment in Concord, designed to address housing shortages through large-scale development.
Homeowners should note that high-quality renovations continue to command significant premiums in the current local market environment. If you are considering selling, consult a real estate professional to understand how recent comparable sales in your neighborhood affect your home's value.
The takeaway
Competitive bidding for renovated properties suggests that strategic home improvements remain a powerful factor in securing premium sale prices in San Francisco. Homeowners looking to assess their own property values should review recent neighborhood sales data and discuss potential improvements with a qualified agent.
Further reading
For more on the current housing climate, explore our Residential coverage.
Source note: This article includes information reported by The Real Deal New York.
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