San Francisco Real Estate Market Peaks with Unique Russian Hill Listing

San Francisco's real estate market has reached a new peak with a home at 30 North View Court in Russian Hill listed at $488,000 despite the catch that it cannot be occupied until 2053. The property, attracting significant attention and offers within 13 days, is due to its low price relative to market value and its current tenant's protected status, paying only $416.67 monthly rent. The listing describes the single-family home as an investment opportunity, though it comes with unconventional rental payment methods and strong tenant rights. Additionally, historical sales data from various locations, including Palo Alto and Fremont, show significant trends in high property values, with recent sales ranging from $1.4 million to nearly $8 million. These sales reflect the strong demand and high pricing in the Bay Area real estate market.