\n
![](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/07\/GettyImages-1245265830-e1720881855670.jpg?w=2048\")
<\/p>\n [ad_1]
\n<\/p>\n
A mansion in San Francisco\u2019s tony Pacific Heights neighborhood sold for approximately $70 million, property records show, setting a record for a home in the city.<\/p>\n
The buyer was billionaire philanthropist Laurene Powell Jobs, according to the Wall Street Journal, which first reported the transaction.<\/p>\n
Powell Jobs, the founder of Emerson Collective and widow of Apple<\/a> Inc. founder Steve Jobs, has a net worth of $11.4 billion, according to the Bloomberg Billionaires Index. The purchase extends a buying spree she\u2019s made of luxury California properties. Earlier this year, she bought a $94 million estate in Malibu spanning four acres and overlooking the Pacific Ocean \u2014 her fourth purchase in the Los Angeles area since 2015. \u00a0<\/p>\n The sellers of the San Francisco mansion, located in the so-called Billionaire\u2019s Row area of Pacific Heights, are Sloan Lindemann Barnett and Roger Barnett, who bought the home in 2011 for $33 million. She is the daughter of billionaire George L. Lindemann and he is the chief executive officer of supplement company Shaklee Corp.\u00a0<\/p>\n The Barnetts didn\u2019t respond to a request for comment. A spokesperson for Powell Jobs declined to comment.\u00a0<\/p>\n The San Francisco property wasn\u2019t publicly listed for sale and news of the off-market transaction came as a surprise to several high-end real estate agents in the city.<\/p>\n The deal follows a recent trend of wealthy people playing an outsized role in San Francisco\u2019s housing market. Home sales in the city rose 9% in the second quarter from a year earlier \u2014 but they jumped 54% for properties priced at $5 million or more, according to brokerage Compass<\/a>. The average days on the market for listings is at a two-year low.<\/p>\n Property records showed the Pacific Heights buyer, listed as Mister Rogers Trust, paid a transfer tax of $4.26 million, which would equate to a purchase price of around $70 million. The previous San Francisco\u00a0record price<\/a>\u00a0was $43.5 million for another Pacific Heights mansion set in 2021.\u00a0<\/p>\n The Spanish Renaissance Revival-style mansion was originally built in 1916 and is four stories, with a two-story courtyard crowned by a glass roof. The Barnetts hired architect and designer Peter Marino to lead a restoration of the house, installing four stories of glass on the home\u2019s north side to reveal panoramic views of the San Francisco Bay, the Golden Gate Bridge, Alcatraz Island and the skyline of the city, according to a 2020\u00a0report<\/a>\u00a0in Architectural Digest.<\/p>\n<\/div>\nRecommended Newsletter: <\/strong>CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about\u2013and from inside\u2013the C-suite. Subscribe Now<\/a>.<\/div>\n<\/div>\n