Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Twitter CEO sells penthouse for less than he paid

By Hibah Yousuf, staff reporter


NEW YORK (CNNMoney.com) -- Last fall, Twitter CEO Evan Williams tweeted "Buy my loft...It's a steal!" at the asking price of $1.5 million. The listing went viral, and a buyer recently scored the San Francisco penthouse ... for $1.25 million.

Williams and his wife, Sara Morishige, had listed their two-bedroom, two-bath San Francisco loft for sale on Sept. 25 for $1,498,000, just $2,000 less than what they paid for it two and a half years earlier.

twitter_loft.03.jpg
Twitter CEO first listed the loft for sale on Sept. 25.

But with prices plummeting everywhere, they had to unload the house for 17% less than they paid.

The original asking price did include some of their furniture, including the couch (yes, the very one Williams sat on), because it didn't "necessarily fit the feeling of [their] new house," said the loft's listing agent, Eric Turner of McGuire Real Estate.

While the couch was not included in the final sale, the buyer did score two side-by-side parking spots and remote controlled blinds. (Hooray, technology!)

The 1,792-square-foot penthouse is located in San Francisco's SoMA district in the historic concrete Heublein Building. Real estate agents, like Turner, sell the former wine warehouse as offering a Manhattan vibe with cityscape views.

"The building is unique because it blends the old historical feel but is updated and has a really nice subtle contemporary feel," said Turner.

The Heublein was converted in 1990 and offers two units with large private patios. The penthouse is one of them.

Perhaps hosting barbeques in the very same spot the social media royalty threw their bashes will imbue the new owner with some serious Web 2.0 mojo. Williams did, after all, earn a $1 billion valuation for Twitter, and sold his first startup, Blogger, to Google.

The building doesn't offer amenities such as doormen, a gym, a swimming pool and concierge service, but it is surrounded by the city's notable restaurants, including Bacar and Coco 500.

The couple, who welcomed their son, Miles, in August, left the building of young professionals and empty nesters to move into a four-bedroom with a Victorian-style exterior façade in Noe Valley. To top of page

Index Last Change % Change
Dow 17,873.22 44.93 0.25%
Nasdaq 4,933.51 31.74 0.65%
S&P 500 2,099.06 8.96 0.43%
Treasuries 1.85 0.03 1.54%
Data as of 10:17am ET
Company Price Change % Change
Bank of America Corp... 14.88 0.18 1.22%
Coca-Cola Enterprise... 51.55 0.69 1.36%
Baxalta Inc 45.53 -0.17 -0.37%
Apple Inc 100.35 -0.06 -0.06%
Micron Technology In... 12.31 0.36 3.01%
Data as of May 27
Sponsors

Sections

Jean-Claude Decaux, the French businessman who produced the first automatic public toilets, died at the age of 78. More

Janet Yellen hinted again Friday that a June or July interest rate hike is a very real possibility. More

The FBI has opened a national security investigation into the hacking of Bangladesh's central bank amid signs that the hack might have come from North Korea. More

The gender pay gap in the labor market is pretty well documented. But the gender gap also exists in the housing market. More