By on August 9, 2017

presidio-terrace-malin-giddings

This is one of those stories that is bound to provoke a range of emotions. It involves a homeowners’ association, rich and powerful property owners, real-estate speculators and parking. None of those first three are likely to engender sympathy but in this case you sort of have to root for the little guys, the speculators.

San Francisco has some of the most expensive real estate in the United States. Pacific Heights is one of the more exclusive neighborhoods in San Fran and Presidio Terrace, a gated, guarded, private street is one of the priciest locations in that area. It’s across the street from the private Presidio Golf & Concordia Club. Former Speaker of the U.S. House of Representatives Nancy Pelosi used to live on the circular street, as has Sen. Diane Feinstein. When one of the 35 mansions on Presidio Terrace go on the market, they fetch big money. There’s a house currently listed for $14.9 million dollars.

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