San Francisco estate sells for $10m above listing price as AI boom drives up costs

Eight-bedroom mansion listed at $18.5m sold for $28.5m and has a private garden and three-car garage

A San Francisco estate sold for $10m above its listing price this month in a new record for the city as the artificial intelligence boom continues to drive up real estate prices.

Located in the city’s tony Presidio Wall neighborhood, the eight-bedroom mansion was listed at $18.5m on 2 October and ultimately sold for $28.5m on 22 October, according to the property’s listing.