Clarendon Heights Home Sells for $10 Million
The luxury property closed for 26.5 percent above the asking price in just under two weeks.
Updated on Oct. 30, 2026 in Residential
Live Poll
Is the rapid rise in local home sale prices making your community a better place to live?
A Clarendon Heights residence at 176 Palo Alto Avenue recently sold for nearly $10 million. The property closed in under two weeks, fetching over $2 million above its $7.9 million asking price.
Why it matters
The sale reflects significant value appreciation for the three-bedroom, four-bathroom home since its $1.9 million purchase in 2010. The move highlights shifting owner priorities toward the city center.
The home spans 3,200 square feet, selling for roughly $3,120 per square foot. The transaction, handled by Neil Bassi of Sotheby's International Realty, resulted in a gross gain of approximately $8.1 million.
The players
Ken Fulk
A designer who recently sold his Magic Factory studio and is shifting his real estate holdings toward city living.
Kurt Wootton
Co-owner of the property who participated in the sale of the Clarendon Heights residence.
Neil Bassi
A real estate agent with Sotheby's International Realty who represented the sellers in this transaction.
The details
The property moved quickly, closing in less than two weeks on the market. This rapid sale at 26.5 percent above the list price underscores strong demand in the Clarendon Heights neighborhood. The owners, Ken Fulk and Kurt Wootton, are moving to the heart of San Francisco following other real estate activity including the sale of their Magic Factory studio.
Timeline
December 2010: The owners purchased the property for $1.9 million.
August 2026: The owners sold the Magic Factory studio for $6 million.
October 28, 2026: The Clarendon Heights house sale officially closed.
The Home Front
This sale highlights the ongoing competitiveness for well-located properties in premium San Francisco neighborhoods. It follows a broader trend of high-end real estate consolidation as owners re-evaluate their portfolios between urban and regional estates.
Homeowners in Clarendon Heights should monitor recent comparable sales to gauge the current valuation of their own properties. Consider consulting a licensed local appraiser if you are evaluating your equity position against recent neighborhood price premiums.
The takeaway
This transaction demonstrates the high premium currently commanded by well-maintained homes in prime city neighborhoods. Keep track of local price-per-square-foot data if you are preparing to list your property or assess its current market standing.
Further reading
Explore more local trends in our San Francisco Residential section.
Source note: This article includes information reported by The Real Deal New York.
Live Poll
Is the rapid rise in local home sale prices making your community a better place to live?
