The Historic Hellman Mansion Sells For $12.75 Million

Located in Pacific Heights, the Hellman Mansion — the grand residence designed by architect Julius Krafft in 1902 — has finally sold.

Curbed.com reports that the 111-year-old estate sold for $12.75 million. The mansion first hit the market in September of 2011 for $20 million, but after a year and half without a sale, that price hit the chopping block and the house was even delisted.

According to the article, the house returned to the market in November 2012 asking $14.9 million, went into contract in January and at last sold in early March. The last time the Hellman Mansion sold was in 2004 for $15 million.

The four-level, 11,500-square-foot Hellman Mansion hosted the 35th Annual San Francisco Decorator Showcase last year, which means that whoever purchased the house is ready to jump into a life of luxury: The buyer will be moving into a remarkable estate exquisitely designed with elegant traces of the neoclassical era during which the mansion was built.

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