How Much 2990 Broadway Sold For
Closed after nine months on the market, 2990 Broadway sold for $26.5 million on March 25, 2025.
That sale price made it the second-most expensive single-family home sold in San Francisco in 2025. It also worked out to about $2,603 per square foot, underscoring the scale of the transaction in Pacific Heights. The buyer was represented by Pete Rodway of Compass, though the buyer identity was not disclosed.
Closing Timing and Price Cuts
The home first listed in June 2024 for $38 million. It was later reduced to $32 million. In contrast, Manhattan’s luxury market has recently been buoyed by a 30% year-over-year increase in high-end sales activity.
The final deal closed 17 percent below that reduced asking price. That points to meaningful negotiation before the Friday closing.
Public estimates were close to the final result. Zillow valued the home at $26,507,600, while Trulia estimated $26,285,100 at the time of sale.
Inside Jewett House in Pacific Heights
Perched at 2990 Broadway along San Francisco’s Billionaires’ Row, Jewett House is a 10,200-square-foot, four-bedroom mansion. It was custom-built in the 1980s for philanthropists Fritz and Lucy Jewett.
A Private Family Residence
For decades, the house remained the Jewett family’s private residence in Pacific Heights. It sits beside the Presidio wall and at the top of the Lyon Street Steps.
Its location places it on San Francisco’s ultra-high-end Gold Coast. Single-family estates define this coveted residential stretch. In a city marked by low inventory and fast home sales, trophy properties in prime enclaves like Pacific Heights may draw especially intense buyer interest.
Historic Presence and Design
The mansion’s story includes visits from figures such as Nancy Pelosi, former President George H.W. Bush, and Prince Phillip during the family’s ownership.
While publicly known architectural details are limited, its scale, four-bedroom layout, and prominent siting underscore its stature. The home remains a notable presence within the neighborhood’s elite residential setting.
Why the Mansion Sold Below Ask
Several forces pushed San Francisco’s headline mansion sales below their original asking prices in 2023.
Repeated price reductions reset expectations. At 2626 Larkin St., the final $10 million sale landed $10 million under the original ask, showing weak response to a premium listing.
Long market exposure also hurt momentum. Buyers often grow cautious when a trophy home lingers.
| Factor | Effect on Buyers | Result |
|---|---|---|
| Price reductions | Lowered urgency | Softer bids |
| Legal issues | Added risk | Discounts |
| Higher rates | Reduced power | Below-ask sales |
Pressure Points
Legal issues further weighed on value. At 224 Sea Cliff Ave., a court-ordered sale, a $90,000 lien, and the seller’s history increased uncertainty.
Across the city, layoffs, higher rates, and failed underpricing strategies limited bidding wars. Those pressures pulled final deals lower.
How Jewett House Compares With Nearby Sales
On Pacific Heights’ Outer Broadway, the Jewett House sale placed 2990 Broadway near the top of San Francisco’s 2025 luxury market. It closed at $26.5 million, making it the city’s second-most expensive single-family home deal of the year.
That figure still trailed the $30 million Shorenstein mansion sale at 260 Sea Cliff Avenue. It also sat well below the city record of $43.5 million achieved nearby.
The comparison shows how neighborhood prestige can support elite pricing. But it does not fully shield sellers from a shifting market trajectory.
Position on Billionaires’ Row
Within Pacific Heights’ Gold Coast, 2990 Broadway remains one of the corridor’s standout properties. Nearby top listings around $29 million suggest the Jewett House ultimately traded in line with its immediate competitive set.
That was despite beginning at $38 million and closing after nine months on market.
Who Bought the 2990 Broadway Mansion
Public records identify the buyer of 2990 Broadway as Closed CI Investments LLC, a Delaware entity that conceals the individual behind one of San Francisco’s largest home purchases of 2025.
The mansion closed for $26.5 million on Friday, March 25, 2025, making it the city’s second-most expensive single-family sale of the year.
That figure was $11.5 million below the original $38 million asking price after nine months on the market.
City filings show the purchaser used an anonymous LLC structure tied to a principal address at the Reuben, Junius & Rose law firm in Delaware.
A West Hollywood P.O. Box was listed for mailing purposes, reinforcing the privacy surrounding the transaction.
The undisclosed buyer was represented by Compass agent Pete Rodway in the inaugural sale of the 10,200-square-foot Pacific Heights mansion.
Assessment
The sale of 2990 Broadway closed at a notable discount, underscoring the sharper scrutiny now facing trophy assets in Pacific Heights.
Jewett House still ranked among San Francisco’s most consequential residential trades, but the gap between asking and closing prices reflected a market less willing to absorb ultra-luxury premiums.
The transaction also reinforced how rare legacy estates can command attention while still confronting valuation pressure, longer timelines, and more disciplined buyer behavior in a disrupted high-end market.
