The San Francisco Real Estate Blog

Al Gore's Move to San Francisco Generates Real Estate Buzz

San Francisco, California (PRWEB) December 28, 2005 -- Following news that Al Gore and wife Tipper have purchased a multimillion dollar condo at the new St. Regis high rise in San Francisco, well-heeled home buyers throughout the city are clamoring to join the neighborhood.

"Ever since people learned that Al and Tipper Gore were moving into the St. Regis, I've had three times as many inquiries about the place," says Damion Matthews, a realtor specializing in San Francisco's luxury condo market.

"There's something about living near a person so powerful and important that really excites folks," he says.

"A client of mine just moved into the swanky Four Seasons a few blocks away, where the Mayor happens to be. It's a great place. But when she heard the Gores were moving into the St. Regis, she called me up and said she wants to sell her place so she can move to the St. Regis right away! I guess it's more exciting to live near a former VP than a current Mayor."

The Gores' new neighborhood, formerly a block of drab old office buildings and parking lots, has recently been revitalized by construction of the Museum of Modern Art, the beautiful Yerba Buena Gardens, and now the gleaming new 40 story St. Regis tower.

But before the Gores bought their condo, there was already considerable interest in the building. Of the 102 units put up for sale, less than 20 are still available.

Actually, in the old, booming SF real estate market, every single one of these babies would have vanished before the building even went into the ground. That said, the arrival of the Gores will indeed make this a hot ticket. Nothing like celebrity to sell condominiums.

Say, two million bucks actually sounds pretty cheap. Do you think he got a discount?