George Shultz’s Longtime San Francisco Home Lists for $29 Million

The longtime San Francisco house of the late George Shultz, a previous secretary of state, is listing for $29 million. 

Mr. Shultz and his late next wife, the socialite Charlotte Mailliard Shultz, lived for a long time in two adjacent duplex penthouses in the Russian Hill neighborhood, according to Karen Mendelsohn Gould of Compass, who is promoting the condos with colleague Max Armour. The two Shultzes died last yr, Mr. Shultz at age 100 and Mrs. Shultz at age 88. The north penthouse is listing for $17 million and the south penthouse is asking $12 million. 

The adjacent apartments, which span a total of around 10,400 sq. feet, furnished the backdrop to quite a few of the couple’s significant-profile events for fashion designers, politicians and dignitaries, in accordance to Richard Bohonsky, Mrs. Shultz’s close friend and longtime interior designer. Around the many years, guests included Henry Kissinger, a different previous secretary of state, as well as former British Prime Minister Tony Blair, U.S. Sen. Dianne Feinstein and the singer Tony Bennett, according to Stanlee Gatti, a mate and an event planner who worked with Mrs. Shultz to plan lots of of the gatherings. 

The Shultzes made use of the north penthouse as their primary residence, when the south penthouse served as guest quarters and entertaining house, Mr. Bohonsky reported. The north penthouse, with three bedrooms and close to 5,400 square ft, has a significant skylight, two wooden-burning fireplaces, two soaked bars and a wool-paneled examine, Ms. Gould reported. The south penthouse is around 5,000 square feet with 3 bedrooms and a large wraparound terrace with views from the Bay Bridge to the Golden Gate Bridge. “It’s like box seats at the opera,” she claimed. “You have this perfect watch.”

Charlotte Mailliard Shultz and George Shultz in 1997.

Ron Sachs/CNP/ZUMA Push

The units every single have remarkable spiral staircases and steel-framed, floor-to-ceiling windows, she reported. Although the penthouses’ layouts prevent them from being put together, they are related by hallways, explained Ms. Gould. 

Mrs. Shultz at first acquired the north penthouse for $3.3 million in 1989 with her then-husband, the late actual-estate developer Melvin Swig, data exhibit. Following she and Mr. Shultz ended up married, they acquired the south penthouse in 1997 for all around $5 million, records display. 

Acknowledged for entertaining often—and for hundreds of people today at a time—the Shultzes outfitted the kitchen in the south penthouse with a catering refrigerator and two prep sinks, Ms. Gould stated. A storage home off the kitchen area has shelves lined with navy-blue velvet for the couple’s silver, and a hallway between the two units’ kitchens was utilized during functions, she stated. 

Mrs. Shultz also transformed a space off the kitchen area into a “gown room” that held hundreds of attire, Mr. Bohonsky reported. When the Shultzes threw huge parties, movers taken off most of the home furnishings from the north penthouse to make home for tables and chairs, he said, and the doorways concerning the two apartments have been still left open to permit friends mingle concerning the two residences. “The position has some mad historical past,” he said. A selection of Mrs. Shultz’s jewelry is remaining auctioned by Bonhams. 

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The Shultzes, who married in 1997, split their time involving Russian Hill and a house on the campus of Stanford University, the place Mr. Shultz was a fellow at the school’s Hoover Institution feel tank, according to Mr. Bohonsky. They also experienced a loved ones compound in Massachusetts and a ranch in Mendocino County, Calif. 

Mr. Shultz performed a main job in Republican overseas coverage for a long time. He held cabinet posts in the Nixon and Reagan administrations and, as secretary of condition beneath President Ronald Reagan, is credited with encouraging to close the Cold War. In addition to staying a fellow at the Hoover Institution, he was a director of Theranos Inc., the now-defunct Silicon Valley blood-screening business. Mrs. Shultz was San Francisco’s longtime main of protocol.

All round, San Francisco’s median rental sale price rose approximately 7.5% in April in contrast with the identical month of previous yr, according to Compass details. “What utilised to be a $3 million assets is now a $4.5 million to $5 million house,” Ms. Gould said.