Pinnacle in Downtown San Diego

Pinnacle #1603 – Expired

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550 Front St #1603 / Pinnacle #1603 – Floor Plan – Expired (Was $975,000)

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This middle-unit on the 16th floor facing east has expired after several months on the market without any movement.  A bit different than most in the stack as the faux fireplace has been removed and replaced with a calming water feature for a more open feel.  Popular split-bedroom floor plan with little wasted space on hallways, 2 bedrooms, and still 2 full baths and 1 half bath.  Competitively price based on the most recent comps that have sold in the stack.  We’ll see if the “refresh” helps.

Pinnacle #2203 – Cancelled

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550 Front St #2203 / Pinnacle #2203 – Floor Plan – Cancelled – (Was $1,230,000)

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This 22nd floor unit at the Pinnacle has been cancelled on the MLS after a few more months of market time with no takers. This 2 bedroom / 2 bath unit spans the entire north side of the 22nd floor from east to west.  2 truly usable balconies too.  Standard fit and finish for the building but with some nice upgraded light fixtures and custom closet doors.  The unit does have 180 degrees of views, but not a direct southern exposure so only limited bay views other than to the west.  I think the asking price is almost where it needs to be to attract a buyer, and the latest reduction should move it, but no luck yet.

Pinnacle #2902 – New Listing

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Pinnacle #2902 / 550 Front St #2902 – Floor Plan – New Listing – $1,397,400

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This 29th floor northeast corner unit is now on the market at Pinnacle.  It offers 2 bedrooms as well as a 3rd space presently being used as den which certainly could be a 3rd bedroom.  Nice patio size and views from this perch that looks out above the Horizons building to the east, as well as north and even northwest.  Shows well – question will be the price which feels high for something on the northeast corner of the building as opposed to northwest corner of the building.  We’ll see with limited inventory if the demand for 3 bedrooms spurs along a sale.

Pinnacle #1108 – Back on the Market

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550 Front St #1108 / Pinnacle #1108 – Floor Plan – Back on the Market – $1,499,000

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This southwest corner unit on the 11th floor is now back on the market after falling out of escrow.  The most desirable corner in the building with bay views from most rooms.  The bathrooms have been upgraded from the original builder specifications with a darker marble.  Only question this one is price – still feels like a big stretch for the 11th floor.  We’ll see how long it takes to find a new buyer.

Pinnacle #1404 – Sold

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550 Front St #1404 / Pinnacle #1404 – Floor Plan – Sold for $1,320,000

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This northeast corner unit on the 14th floor – first time in 12 years – has closed escrow not far at all from the asking price for $1,320,000.  2 bedrooms, 2 balconies, and 4 parking spaces.  Pretty standard finishes for a Pinnacle condo, but with some upgraded lighting fixtures and lively paint colors.  Clean and awaiting it’s next owner.  The price is in-line with recent sales, just a question of finding the right buyer.  Congratulations to the new owner!

Pinnacle #1006 – Sold

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550 Front St #1006 / Pinnacle #1006 – Floor Plan – Sold for $799,000

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This west-facing entry-level 2 bedroom / 2 full bathroom condo at the Pinnacle on the 10th floor, facing west, has closed escrow for the full asking price of $799,000.  Upgrades including a wood-like treatment on the fireplace with built-in television, some added cabinetry in the bathrooms, and contemporary paint colors and furnishings.  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.  Units similar in size much higher up have been struggling, but this is west-facing.  Congratulations to the new owner!

Pinnacle #3102 – Sold

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550 Front St #3102 / Pinnacle #3102 – (Floor Plan) – Sold for $2,393,000

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This large upper-floor unit at the Pinnacle with a huge roof top deck on the north and east side of the building has closed escrow not far from the asking price at $2,393,000.  Nearly 2,000 square feet, and the exclusivity of just 2 other neighbors on the floor.  Views to the north, east, and south.  Pretty much a complete and total remodel from flooring to countertops to cabinetry to a custom wine display in the living room.  Congratulations to the new owner!

Pinnacle #806 – Pending

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550 Front St #806 / Pinnacle #806 – Floor Plan – Pending – (Was $719,900)

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This west-facing entry-level 2 bedroom / 2 full bathroom condo with 2 tandem parking spaces at the Pinnacle is now in escrow after just a few weeks on the market.  High-gloss cabinets in the the kitchen and baths, stainless appliances, marble flooring, black granite countertops, and the other usual Pinnacle appointments,.  A decent little water view from the corner of the living room and from the balcony on the west-side of the building.  The price might be a little higher than the most recent comps, but still the least expensive way to get a 2 bedroom in the building right now.  I’ll post again once it closes escrow.

Pinnacle #505 – Re-Listed

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550 Front St #505 / Pinnacle #505 – Floor Plan – Re-Listed and Price Reduced – Now $887,900 (Was $899,000)

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This 5th floor northwest corner unit is now back on the market for $877,900 – about $20,000 less than last year.  It has a surprisingly decent bay view from the living room and patio to the southwest.  Some nice contemporary upgrades from lighting to paint for a nice and clean look.  We’ll see if there’s enough demand for a lower-level unit to get into the building – although this is a corner unit with some water views, so I think it’s got a chance.

Pinnacle #1108 – Pending

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550 Front St #1108 / Pinnacle #1108 – Floor Plan – Pending (Was $1,499,000)

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This southwest corner unit on the 11th floor is now in escrow just a few days after a notable price reduction.  The most desirable corner in the building with bay views from most rooms.  The bathrooms have been upgraded from the original builder specifications with a darker marble.  Only question this one is price – still feels like a big stretch for the 11th floor.  Looks like the reduction did the trick.  I’ll post again once it closes escrow.