Buy Of The Week – Park Place #1003 – Panoramic Bay and Ocean Views!
Park Place is located in Downtown San Diego’s Marina District, just steps from Seaport Village. The building was completed by Bosa Development in 2004 and remains one of the most sought after addresses in Downtown. The building features resort style amenities with a beautifully landscaped pool and spa deck on the second level, 24 hour lobby attendants, a fully equipped fitness facility and large community room. The location is also second to none and it is only about to get better. There are very big plans for Downtown San Diego’s bay front.
Park Place #1003 For Sale:
- 2 Bedroom
- 2 Bathrooms
- 1,374 Square Feet
- 10th Floor
- Panoramic Ocean and Bay Views
- Southwest Orientation
- 2 Parking Spaces
- Storage Unit
- Large Balcony
- Offered at $1,099,000 – $1,149,000
- Homeowners Dues: $888/mo
*Listing Courtesy Of “Pacific Sotheby’s Int’l Realty”
Text “BOTW” to (619) 430-4212 for the latest “Buy of the Week”
Why is this a great deal?
Based on 2017 sales, Park Place commands the 2nd highest price per square foot in the Marina District and sits at #4 in all of Downtown. This is largely due to the location and views the building offers. The “03” floor plan offers the best orientation, privacy and views in the building, excluding penthouse level homes, yet this residence is price below the average sales price per square foot!
Last year, there were several sales that had similar views. #1104, and #1204 had the most comparable views, but they were larger floor plans. They sold at $889.97/sf and $899.68/sf. The “04 floor plan, while larger, partially faces Embassy Suites and does not have as nice of a view. #1003 is asking between $799.85 – $836.24 per square foot at the current list price and has a superior view when compared to the “04” floor plan!
Water views are one of the most sought after “must haves”, especially when looking in the million dollar range. Panoramic views, such as what you get at #1003, can often run over $900/sf. In new construction, they are far exceeding $1,000+ per square foot. There are so many exciting additions coming to the neighborhood. Seaport Village has plans to go through a huge remodel and Doug Manchester has started removing the existing navy structures to begin his Pacific Gateway project. Read more about all of the big plans for San Diego’s bay front!
Per Square Foot
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Ryan Ponce - REALTOR®