Steph Curry just sold a San Francisco property for roughly $10.5 million, netting a tidy profit in less than two years for what was originally an abandoned Dogpatch industrial site. Nobody really saw this quick turnaround coming, especially since many market observers thought he had seriously overpaid for the spot initially.
The “Unmaterialized Vision” Turns a Quick Buck
Curry grabbed that vacant, two-story masonry building at 600 20th St. in 2024 for $8.5 million. His big plan: turn it into a flagship hub for his off-court business empire. The vision never materialized. Now, it is off his hands, sold to Dane Reinsurance Inc., a Utah corporation with an S.F. office. He paid over six times the property’s 2021 sale price when the commercial market was still reeling from the pandemic. Yet, here we are, with a quick profit. What a turnaround!
The Quiet Exodus From the Bay
This $10.5 million sale looks like a piece of a much bigger puzzle. Curry has been systematically paring back his Bay Area real estate holdings. Earlier this year, he and Ayesha sold their Atherton estate for $29.1 million, five years after selling another mansion there for $32.1 million. In 2022, they also ditched a luxury condo at San Francisco’s Four Seasons Residence. Ayesha’s restaurant, International Smoke, closed its doors in May after nine years downtown. They have sold homes in Oakland, Orinda, Walnut Creek, and Alamo over the past decade. It is a mass exodus from the Bay. Meanwhile, they are clearly planting roots elsewhere. They reportedly dropped $50 million on a sprawling Malibu estate, 17 acres overlooking the Pacific, used as a vacation home. Plus, they picked up another vacation spot in Florida for $2.1 million in 2022. They are consolidating their presence away from the Bay.
What Do These Moves Mean For His $137 Million Future?
These real estate chess moves are happening right when everyone is buzzing about Curry’s Warriors future. He is under contract through next season but has not signed a new deal, despite being eligible for a two-year extension worth about $137 million. Both Curry and the team expect him to finish his career with the Warriors, but contract timing is unclear. He did sign a reported 10-year, $400 million endorsement deal with Chinese sportswear company Li-Ning in June. That is a monster deal. The Dogpatch sale also shows some investors re-entering the city’s real estate market, with AI startups driving a modest recovery, especially in Dogpatch and Mission Bay. It is a wild time, for sure.
So, what does this all mean? Is this a complete Bay Area goodbye for the Curry family or just smart portfolio management? The big question hanging over everything is still that $137 million contract extension. Will the Warriors get it done, or will these property moves hint at something else? We are all waiting to see.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
Leave a Reply