Listed for $1.8 million, the unique dwelling is a rarity in the City by the Bay.
“There aren’t too many,” says the listing agent. “These homes usually sell privately. As far as we know, this is the first one on the open market.”
The listing offers a rare view of a home on the water, right in one of the nation’s most expensive markets. Located in the tiny body of water called “McCovey Cove”. That’s right, next to Oracle Park. It’s one of just 20 floating homes and 35 boats docked at the wharf South of Market.
And unlike buying a home on dry land, a buyer should expect to pay all cash.
Banks don’t normally underwrite mortgages for unconventional properties such as this.
Once the cash is in place, the buyer will own the vessel, but not the berth where the home is currently docked. The berth runs an additional monthly fee of about $387.
Show Prep Source: https://www.realtor.com/news/unique-homes/floating-home-san-francisco-sails-onto-the-market/
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