Real Estate

Would you spend $1M on a rock?

A boulder in San Francisco just sold for an astonishing price

What’s the most expensive rock you’ve ever bought? Perhaps the one on your significant other’s ring finger?

If you think that was expensive, take a look at this boulder about to sell for nearly $1 million in San Francisco.

1235 Sansome St

This 7,000-square-foot plot of land is almost wholly consumed by a gargantuan boulder that’s been used as a quarry for the city of San Francisco at various times in its history. Not ideal for real estate development, but in San Francisco, people are saying this lot is a steal at $1 million.

According to Business Insider, the lot in San Francisco’s Telegraph Hill neighborhood could hold as many 12 new homes with a little bit of creative engineering and a pile of greenbacks. In San Fransisco's market, you best believe the new owner is set up nicely to make a killing on this investment if construction costs don't break his or her budget.

The rock went on sale back in December 2016 and was originally listed for over $1 million. There were no takers until the owner dropped the price to $998,000 in April. According to Business Insider, the sale is pending.

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