Art Lewis

Pinnacle #2303 – Reduced (Again)

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550 Front St #2303 / Pinnacle #2303 – Floor Plan – Reduced (Again) – Now $1,789,000

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After a couple of months on the market still without any takers, this floor plan that rarely hits the market at the Pinnacle has been reduced again by about $100,000.  This 2 bedroom / 2 bath unit spans the entire north side of the 23rd floor.  2 truly usable balconies too.  Standard fit and finish for the building but with some nice paint and window treatments.  The unit does have 180 degrees of views, but not a direct southern exposure so only limited bay views other than to the west.  No doubt that as only one of 4 residences for sale right now it’ll get plenty of attention, but boy does the price seem high to me.

Pinnacle #604 – Sold

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550 Front St #604 / Pinnacle #604 – Floor Plan – Sold for $1,030,000

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This 6th floor corner has finally closed escrow for what I think is an amazing price of $1,030,000.  It was purchased just 2 month ago for a price in the high $800,000s which I thought was very high to begin with.  The new asking price puts it on par with the asking price for the middle unit which faces east on the 14th floor.  I think it’ll be a big time uphill battle for the seller, but with the low inventory, stranger things have happened…. and looks like they did.  Congratulations to the new owner, and really to the seller?

Pinnacle #2903 – Sold

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550 Front St #2903 / Pinnacle #2903 – Floor Plan – Sold for $1,700,000

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This 29th floor northwest corner unit at Pinnacle Museum Tower has finally closed escrow for $1,700,000, about 1/4 million dollar under the asking price.  Great and mostly protected views to the south, west and north.  Not the largest kitchen/great room, but it does offer 3 true bedrooms all with views.  Price will be interesting as the unit directly above it sold for $1,575,000 not too long ago.  This one also has a storage room / wet bar in place of the half bath.  Congratulations to the new owner!

Pinnacle #604 – Pending

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550 Front St #604 / Pinnacle #604 – Floor Plan – Pending

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This 6th floor corner unit which is being flipped is now in escrow.  It was purchased just a month ago for a price in the high $800,000s which I thought was very high to begin with.  The new asking price puts it on par with the asking price for the middle unit which faces east on the 14th floor.  I think it’ll be a big time uphill battle for the seller, but with the low inventory, stranger things have happened….  I’ll be amazed if it sells within the range, and we’ll find out within a few weeks.  This would set quite a precent if the sale does go through for this type of price on a lower-level unit.

Pinnacle #408 – Sold

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550 Front St #408 / Pinnacle #408 – Sold for $1,000,000

Full Details:  Click Here

This Pinnacle southwest corner unit on the 4th floor closed escrow today for about $50,000 less than the asking price at $1,000,000 even.  Not the largest of floor plans, but one of the more popular ones for a lower level unit.  This one features the blue cabinet package in the kitchen, and also dark marble in the bathrooms.  The price isn’t bad compared to the other recent sales of lower level units on the front of the building.  I think this will sell more quickly than other options available right now on the east and north sides, and it did – still plenty of value for a buyer to get larger than average square footage in the building, even if on a lower floor.  Congratulations to the new owner!

Pinnacle #2303 – Reduced

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550 Front St #2303 / Pinnacle #2303 – Floor Plan – Reduced – $1,880,000

Full Details:  Click Here

After a few weeks on the market with very little interest based on the price, this listing 23rd floor condo at the Pinnacle has been reduced by $100,000.  This 2 bedroom / 2 bath unit spans the entire north side of the 23rd floor.  2 truly usable balconies too.  Standard fit and finish for the building but with some nice paint and window treatments.  The unit does have 180 degrees of views, but not a direct southern exposure so only limited bay views other than to the west.  No doubt that as only one of 4 residences for sale right now it’ll get plenty of attention, but boy does the price still seem too high to me.

Pinnacle #606 – New Listing

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550 Front St #606 / Pinnacle #606 – Floor Plan – New Listing – $849,000

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Pinnacle-606-01-of-14

As mentioned before it hit the market, this west-facing entry-level 2 bedroom / 2 full bathroom condo at the Pinnacle is now for sale.  Upgraded wood flooring which is rare for the building, contemporary paint colors and furnishings, and of course the traditional Pinnacle quality cabinetry in the kitchens, baths, and appliances.  It’s been a while since a lower-level 2/2 has come up in the building, so it’ll be interesting to see if they can get this high of a price for a unit that doesn’t clear CityFront Terrace across the street for views.  Based on the condition though, a sale over $800,000 wouldn’t be a surprise.

 

Pinnacle #606 – Coming Soon

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550 Front St #606 / Pinnacle #606 – Floor Plan – Coming Soon – Probably $849,000

Full Details:  Click Here

Pinnacle-606-01-of-14

Coming soon to the market is this west-facing entry-level 2 bedroom / 2 full bathroom condo at the Pinnacle.  Upgraded wood flooring which is rare for the building, contemporary paint colors and furnishings, and of course the traditional Pinnacle quality cabinetry in the kitchens, baths, and appliances.  It’s been a while since a lower-level 2/2 has come up in the building, so it’ll be interesting to see if they can get this high of a price for a unit that doesn’t clear CityFront Terrace across the street for views.  Based on the condition though, a sale over $800,000 wouldn’t be a surprise.  It should hit the active market shortly, but if you have interest, please e-mail me at [email protected].

 

Pinnacle #1501 – Pending

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550 Front St #1501 / Pinnacle #1501 – Floor Plan – Pending

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A few weeks after a $150,000 reduction, this 15th floor southeast corner unit is now in escrow.  Still priced a bit higher than the most recent sales for model matches, but only the 2nd available condo right now in the building.  High enough up for sit down views of the bay and ocean beyond, yet not so high up to only be looking at the clouds.  It’ll be interesting to see if the scarcity in the market is enough to push for this high of a price – nice unit but most with original fit and finish.  Nice reduction though, certainly is getting close.  I’ll post again once it closes.

Pinnacle #2303 – New Listing

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550 Front St #2303 / Pinnacle #2303 – Floor Plan – New Listing – $1,980,000

Full Details:  Click Here

New listing for this floor plan that rarely hits the market at the Pinnacle.  This 2 bedroom / 2 bath unit spans the entire north side of the 23rd floor.  2 truly usable balconies too.  Standard fit and finish for the building but with some nice paint and window treatments.  The unit does have 180 degrees of views, but not a direct southern exposure so only limited bay views other than to the west.  No doubt that as only one of 4 residences for sale right now it’ll get plenty of attention, but boy does the price seem high to me.