Curbed San Francisco asks whether a McMansion in the city should sell for $2.16 million. The pictures are interesting and here are a few more details on the home:
The big abode was built in 2011 and features things like “5 luxurious baths” (one of which is photographed with an awkward looking dog in it) and too much recessed lighting. In fact, there’s too much of everything. Too much moulding, too much granite, too large rooms. The 5-bed, 5-bath home clocks in at 4,487 square feet and is asking $2,160,000, which is way more than half of the neighborhood average list price of $869,500.
The main argument here, both in the post and in the comments, appears to be that the home is priced too high compared to the neighborhood in which it is located. Prices for real estate, of course, are relative. But, this could lead to a larger question: how much do McMansions cost? It is assumed that McMansions are big so they will cost a lot. But, just as I have argued that at some point the square footage of a home makes it a mansion rather than a McMansion (perhaps around 7-8,000 square feet?), is there a price point where the mass produced McMansion becomes something only for the wealthy? In addition to being big, another trait of McMansion is that they are more mass produced in terms of architecture and design. Yet, how many Bay Area residents could afford a $2.16 million home? I’m not sure exactly where this price point for a McMansion versus a mansion is, particularly in expensive markets like San Francisco, but there is a line somewhere.