Friday, November 22, 2013

HOUSE OF THE DAY: U. Of Phoenix Founder Is Selling His San Francisco Mansion With A Secret Bar For $27 Million

Source: http://www.businessinsider.com/u-of-phoenix-founder-selling-ca-mansion-2013-11

John Murphy san francisco mansion

John Murphy, one of the founders of  for-profit education company University of Phoenix, is selling his San Francisco mansion for $27 million.

According to The Wall Street Journal, Murphy and his wife Paula Key bought the Pacific Heights nine-bedroom house in 1997 after discovering it came with a secret hidden Prohibition-era bar.

They closed the deal on the 13,000-square-foot mansion for $6.3 million, and are now selling it through listing agent Coldwell Banker Previews International.

The home has gorgeous views of San Francisco, as well as five levels that are all easily accessible with an elevator. In addition to the hidden bar that first attracted Murphy and his wife to the property, it also has an Art Deco ballroom, staff quarters, and a library.

Originally built in 1905 by a member of the Spreckels family (of the Spreckels Sugar Company fortune), the home was sold in 1929 to the prominent San Francisco family the Schwabachers, who then added the Prohibition bar and 1,200-square-foot ballroom.

Welcome to John Murphy's Pacific Heights mansion in San Francisco.

Source: Coldwell Bankers Preview International



The gorgeous home was first built in 1905, and expanded in 1929.

Source: Coldwell Bankers Preview International



There are five levels in the mansion that are accessible either by elevator or by the grand staircase.

Source: Coldwell Bankers Preview International



See the rest of the story at Business Insider