A San Francisco property lovingly nicknamed “the treehouse in the sky” for its breathtaking views of the city sold for $2.1 million above asking price after just 11 days on the market.

Located at 1777 Belgrave Avenue in San Francisco’s Cole Valley neighborhood, the 6,000-square-foot home has been dubbed the “treehouse in the sky” by its Compass Realtors for its unique architecture: made of wood and surrounded by forest on one side and views of the Golden Gate Bridge on the other. Aaron and Michael Bellings of Compass were the listing agents for the property.

The home had initially hit the market for $3 million for the property and an additional $500,000 for a connected lot. The offers started pouring in and a bidding war ensued, with 15 offers in total. It sold for $5.6 million.

“We were blown away by the offers and the final price,” Aaron Bellings said in a statement. “It was already one of the highest price per-square-foot homes in Cole Valley, and this sale just set the new high watermark. However, Belgrave Avenue is on one of the best blocks in SF and locally known as the Gold Coast of Cole Valley.”

The property was erected in 1973 and had remained with just one family until now. Its popularity stems from its serene surroundings and homey interior. High ceilings, multiple pathways to an outdoor deck and windows with a view onto nature are reminiscent of a cabin. It also comes with architectural renderings showing how the property can be expanded into something even larger.

“If you showed this home to 100 people, I would bet that 99 of them would not think it’s in San Francisco, which is one of the reasons it got such high offers,” Michael Bellings said. “I’ve never seen such energy like I saw at the open house with people waiting to get in before it opened. Still, everyone was surprised by the number of high offers and final selling price, which was beyond their wildest dreams.”

One of the most unaffordable cities in the country, San Francisco boasts an average home price of $1.5 million and regularly sees bidding wars and all-cash offers for million-dollar properties. While most properties that hit the market get scooped up quickly, such a high asking price managed to outdo everyone’s expectations — a boon for sellers but a situation that is keeping everyone but the very wealthy out of homeownership.

Email Veronika Bondarenko

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription