A $16.5 Million Home Shows San Francisco’s AI-Fueled Rebound

The home on Glenbrook Avenue stands on a hilltop high above almost every other San Francisco residence, its floor-to-ceiling windows opening onto the city’s bridges, bay and downtown skyline, an ideal aerie for a tech industry overlord.

For two years, even with a 10% price cut from an original $20 million asking price, there were no takers for the six-bedroom mansion featuring a 300-bottle wine cellar, sauna and outdoor spa. In November, a buyer sealed a deal on the home for $16.5 million.

The exterior of the Glenbrook Avenue home in San Francisco.

Source: William Truong/Vanguard Properties

Such sales have suddenly become more frequent — a sign of the new wealth wave cresting ...