This $40M spec home is the most expensive listing in San Francisco

A $40 million listing in New York City is small news. But in San Francisco, a $40 million listing is the most expensive home in the city. Must be nice.

The home in question is a spec house in the tony Pacific Heights neighborhood. A developer bought the 19th century clapboard house that used to sit on the lot for $7.8 million in 2009, and then built this home in its place.

The 11,400-square-foot home has two wine cellars, an outdoor terrace on the top floor, an elevator, home theater, gym, seven bedrooms, eight bathrooms and a terrace with views of the bay. There’s also anti-reflective glass on the north side of the house so you can see outside at night when the lights are on.

Val Steele of Pacific Union International and Tom Biss of Sotheby’s International Real Estate have the listing, which does not seem to be publicly available yet. [WSJ]