From this month’s Noe Valley Voice, “Okay, everyone. Hold onto your hats. A sleek contemporary house that took more than four years to build atop one of Noe Valley’s highest vantage points has been sold to a former dot-com’er for an astonishing $5.3 million.”

“Frank Jernigan, a Google millionaire who retired from the search engine firm this summer, purchased the home in October. It’s the most expensive home ever sold in Noe Valley, by far, and the deal has set off a buzz in real estate circles and among nearby residents. The home is secluded at the end of a cul-de-sac in the 500 block of Duncan Street near Newburg Street. It sits on the precipice of an oversized lot that provides panoramic, 270-degree views from Twin Peaks to downtown San Francisco to across the Bay.”

“Jernigan, whose offer was $50,000 less than the seller’s asking price, paid cash for the property, and the transaction closed escrow in a mere 17 days. According to [real estate agent Anthony] Oltranti, “it would have been hard to accept anything but a cash offer,” because there were no similar homes in Noe Valley on which to base an appraisal.”

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