San Francisco Sales Update: One Rincon Hill, Houses in NOPA and Ingleside
Climb Real Estate sold properties at several buildings in the Bay Area in the last week, including a $1.4M condo at One Rincon Hill, a $1.7M house in NOPA, and a house in Ingleside. Here’s the full list of sold properties plus nearby properties that are currently for sale.
A gorgeous condo on the 26th floor of One Rincon Hill sold for $1,400,000, listed by Climb Real Estate’s Matt Finley. The 2 bedroom, 2 bathroom corner unit has 2 walls of windows with views of downtown and Twin Peaks. The master bedroom features a wall of floor-to-ceiling mirrors, and a balcony off the second bedroom has glass-and-steel railings so as not to obstruct the views. 425 1st Street #2606 includes valet parking and access to the building’s myriad amenities:
- 24-hour doorman and concierge
- Full service valet parking
- Club-quality professionally equipped fitness center with steam rooms and showers
- Spacious hospitality room with high-definition DVD theater
- Catering kitchen for hosting gatherings
- Outdoor pool with beautifully landscaped garden deck
- Gourmet barbecue area
- Reflecting pool with infinity edge
- Blocks from the Bay Bridge, Highways 101, 280, BART, and Caltrain
- Many of San Francisco’s top restaurants, AT&T Park, and the Ferry Building are only a few blocks away
Matt Finley also has two townhomes for sale at One Rincon Hill (one co-listed with Hector Orozco), and Marcella Bartolini and Michelle Balog are listing a condo at The Metropolitan nearby.
Condos for sale in Rincon Hill:
- One Rincon Hill: 489 Harrison St. #405, 3bd/2.5ba, $3,500,000
- One Rincon Hill: 489 Harrison St. #305, 2bd+den/2.5ba, $1,299,000
- The Metropolitan: 355 1st St. #810, 1bd/1ba, $688,000
Rincon Hill has several new developments under construction, including the second tower of One Rincon Hill and two new high-rise towers at 45 Lansing, both of which will be rentals with their own leasing offices. 340 Fremont is also under construction, a 345-unit residential building with estimated completion later this year. The building is mapped as condos but possibly could be brought to market initially as rental units (listing brokerage TBD or unknown). And the most exciting new building in the Rincon Hill/South Beach area might be Lumina at Folsom and Beale, which will open sales in just a few months; the 655-unit building will include 2 commercial spaces, a pool, a spa, and a 24-hour business center. Lumina was designed by Bernardo Fort-Brescia of Arquitectonica and is being listed by Polaris Pacific.
917 Central Avenue is a 3 bedroom, 3 bathroom home in NOPA sold by Eugene Pak and Jack Su for $1,700,000. The row house includes a formal dining room with an original fireplace and three rear decks that overlook the backyard and koi pond. The lower level has a living area, full eat-in kitchen, bedroom and bathroom (legality not warranted by seller nor listing agents) and the sale also included an architect’s plans for building out the attic space.
Kristen Stuecher and Rommel Yema sold a 2 bedroom, 1 bathroom house in Ingleside for $575,000, advertising it as a “single-family home in San Francisco for the price of a condo.” The single-family home at 80 Williar Avenue includes a private backyard and garage as well as an unwarranted half bathroom and a den, located near City College, freeways, BART, and Whole Foods.
For more information about upcoming listings, new developments, and the current real estate market, contact an agent today.
New Plans for the Old Post Office Building (with Renderings!)
The Metropolitan Transportation Commission has just released renderings of the future of the “old post office distribution center” located at 390 Main Street in South Beach, San Francisco. Formerly a US Postal Service building, the new complex will include headquarters for several local government agencies as well as public space and neighborhood amenities.
“The renovated building will include ample public spaces, such as an auditorium/board room, a resource center, as well as a café, on-site bicycle parking and a market hall-type food purveyor that would become a neighborhood amenity. The front door will be moved to Beale Street on [the] opposite side of the building to take advantage of planned streetscape improvements and other features that will make for a more inviting entryway.”
Mark Choey, a San Francisco realtor who is a South Beach local, said, “The planned renovation is very exciting, and as a long-time resident, I can’t wait to see the final product. The new street improvements, retail, and façade will be a huge improvement. The building will be a welcome addition to the South Beach/Rincon Hill/Transbay Corridor in an area that’s sorely in need of some neighborhood shopping and amenities!”
The front entrance of the building will be relocated from Main Street to Beale Street and have a new address, 375 Beale Street. The location is next door to several well-known condo buildings:
- The Infinity (check out www.theinfinitysf.com for all things Infinity!)
- Bridgeview (400 Beale Street)
- The Watermark (501 Beale Street)
- The Embarcadero Lofts (300 Beale Street)
- The future Lumina at 201 Folsom Street (currently under construction by developer Tishman Speyer and we hear exclusively listed and marketed by Pacific Polaris)
The Regional Agency Headquarters building will be designed by architectural firm Perkins + Will and is expected to open by 2015. More information can be found on the MTC’s website.
For more information about this project and exclusive listings or off-market properties at the Infinity, Bridgeview, Watermark, or Embarcadero Lofts, contact Top Producer Mark Choey today at 415.630.0204 or email@example.com.
The Ten Most Popular Areas for New Development in San Francisco
The ten most popular areas for New Development in San Francisco may surprise you. There are tons of new properties that are either for sale, approved for development, or already developing in the heart of San Francisco. Excluding Candlestick/Hunter’s Point, Park Merced, and Treasure Island, here are the most popular places for new home developments in San Francisco:
10. The Mission (930 new units)
9. The Excelsior (1,210 units)
8. Western Addition (1,240 units)
7. South Beach (1,340 units)
6. East SOMA (1,480 units)
5. Mission Bay (2,088 units)
4. Rincon Hill (2,370 units)
3. Market/Octavia (2,410 units)
2. Showplace Square/Potrero Hill (2,950 units)
1. Downtown/Mid-Market (nearly 4,000 units)
For more information about new condo developments in San Francisco, contact Sean Sullivan at 415.215.0554 or firstname.lastname@example.org.
New Bike Share Program in San Francisco
Bay Area Bike Share has launched over 300 bicycles in San Francisco and additional bicycles around the neighboring cities such as Mountain View and San Jose. The program has bikes that are available for rent 24/7 at 70 different locations.
The bicycles are held at different stations around the city and can be rented whenever you need them, once you’ve signed up for membership (which you can do online or at any station). The annual pass costs $88, the three-day pass is $22, and the daily pass is $9. The pass lets you use the bike for one 30-minute interval; additional fees are $4 for the first half hour the bike is late and $7 for every half hour after that (up to $150 per day). You can return the bike to any station. Failing to return or losing the bicycle will result in a $1,200 charge to your credit card.
Bike Share stations in San Francisco are mostly concentrated around downtown, with locations in SOMA, South Beach, Civic Center, Mid-Market, Rincon Hill, the Financial District, and along the Embarcadero. There are stations outside each of the downtown BART stations for easy access if you’re visiting from the East Bay, and two stations near Caltrain if you’re coming up from the Peninsula or South Bay.
San Franciscans love having lots of options for how to get around the city, and the Bay Area Bike Share program looks to be an interesting new choice. For more information about living in San Francisco or how to buy a home in the city, contact Sean Sullivan at 415.215.0554 or email@example.com.
One Rincon Hill: Sold – Penthouse #5604 Record Sale
Matt Finley and Marcus Lee recently sold One Rincon Hill’s premier penthouse unit #5604 at a record price per square foot for the building. Located at the top of One Rincon Hill, this 56th floor 2 bedroom plus den, 2 bathroom condo sold at $2,550,000, setting another new standard for the building at over $1,600 per square foot. This is the highest cost per square foot ever recorded at One Rincon Hill and sellers are ecstatic! One Rincon Hill is recognized as the highest residential condominium west of the Mississippi, standing at 60 stories, and the soaring height provides panoramic views spanning from the Golden Gate Bridge to Marin, Alcatraz and the Bay Bridge.
For more information about luxury condominiums for sale at One Rincon Hill (425 1st Street), contact Matt Finley at matt@climbSF.com or 415.412.6838.
One Rincon Hill – Sold #2802, 2 Bed/2 Bath Deluxe Record Sale
Matt Finley just sold a 2 bedroom, 2 bathroom deluxe condo at One Rincon Hill for the highest cost per square foot ever to be recorded for the southeast corner “02″ plan. At a selling price of $1,700,000 and a cost per square foot of $1,172, #2802 set a new standard in sales in the building.