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Pacific Heights co-op flat, owned by MacGregor Read, has been relisted for $16 million after its asking price was reduced by $2 million. The 5,000-square-foot unit at 2000 Washington Street, No. 3, boasts a three-bedroom, four-bathroom layout with sweeping bay views and an open floor plan. Completed in 2017, the lavish renovation features custom design, materials, and execution by Skurman Architects.

    The property includes a multi-screened Crestron home technology system, high-level security, daily doorman service, parking for three cars, two secure storage rooms, and an elevator. According to Joe Lucier of Sotheby's International Realty, the owners spared no expense in their renovation, which was done by master builder Charles McKee.

    Read, a former co-CEO of Grocery Outlet, purchased the unit in 2014 for $9.4 million and invested over $9 million in renovations. He initially listed the property in September for $18 million but reduced the price to "activate buyers in the market." Lucier notes that the home is in nearly mint condition, having been left untouched since Read moved to the East Coast during the pandemic.

    The co-op unit is part of a select group of San Francisco's most luxurious single-floor flats. A nearby penthouse sold for $16 million in January, while another co-op listed for $45 million dropped its price to $35 million.