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A quietly listed manse atop Fairmount Heights — commonly considered part and parcel of San Francisco’s Glen Park neighborhood — is serving up plenty to talk about. To begin, this modern masterpiece at 21 Everson Street has undergone an impressive glow-up in recent years, not unlike the trendy enclave generally. In fact, barely a suggestion remains of the original mid-century dwelling existent when Bling Capital Founder and General Partner Benjamin Ling purchased the property in 2013. It was the area’s lowest dollar-per-square-foot sale for any home over $1 million that year.
Multi-million dollar sales were, at the time, far from common in the area. The most expensive on record was right next door at 2 Everson Street and coincidentally owned by Keith Rabois, an accomplished startup investor and fellow veteran of Khosla Ventures. Before long, Ling and Rabois were joined on the hill by other affluent home buyers. By early 2018, the median price was peaking and the first eight-figure real estate listing sold for $9.7 million — below ask but a chart-topper nonetheless. That same listing astutely pronounced this historically working-class neighborhood “the new preferred address of technology executives and game changers.”
A three-year major renovation and expansion of 21 Everson Street began in 2016, a collaboration by STUDIO GRAF Architects and Design Line Construction. Growing from five bedrooms and three baths to six bedrooms and nine baths, it nearly tripled in size to 9,700+ square feet. It gained a full-floor entertaining area with wall-to-wall unobstructed views, uber swanky primary suite, wine room, media room, professional-grade theater and numerous sun-soaked terraces. Of course, too, state-of-the-art systems and gadgetry galore. How’s that for living large in Glen Park’s largest private residence?
Ling’s time in the newly completed home was short, however, joining the pandemic-era tech exodus and slamming the door on his way out. His X (formerly Twitter) account is fraught with criticism of San Francisco’s response to lawlessness, some posts recounting personal brushes with crime. In one such post from August 2021, he shares a photo of his car’s window smashed “again today in SF.” The following month, he shares surveillance footage of an apparently stolen vehicle abandoned in front of his house, the suspect fleeing into an adjacent park.
Since Ling left for Miami Beach, following Rabois’ move in 2020 (he sold 2 Everest Street earlier this year for $8.7 million), San Francisco has emerged as the capitol of AI innovation. Just this week, San Francisco Business Times chronicled the industry’s growing demand for office space downtown, and chatbot startup Andi moving headquarters to the city from Miami. Needless to say, it seems Ling is sitting out this present early opportunity to be at the center of the next tech boom. We wish him the best.
Listed for sale this month and currently being shown to qualified buyers by private appointment only, 21 Everson Street will set a new record high price for the neighborhood if a full-price $22 million offer is received and accepted. It will also be the only home to reach a sky-high $2,267 per square foot.
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