Sold – Closed Escrow

Pinnacle #1706 – Sold

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550 Front St #1706 / Pinnacle #1706 – Floor Plan – Sold for $1,150,000

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This 17th floor west-facing 2 bedroom closed escrow for $1,150,000 – just above the bottom end of the asking price range.  This plan offers 2.5 baths as well as almost no wasted space.  On the bright side, it does come with 4 parking spaces.   The red cabinets are a challenge for most, but for some a bonus.  With the inventory so low, no surprise to see the quick sale.  Looks like the bar has been set for a “standard sized” 2 bedroom with a safe water view in Downtown San Diego in a premium building.

Pinnacle #708 – Sold

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550 Front St #708 / Pinnacle #708 – Floor Plan – Sold for $1,125,000

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This southwest corner unit has finally closed escrow for a very impressive $1,125,000 – just $25,000 under the asking price.  Nice split floor plan and surprisingly just high enough to pick up some bay views.  Lightly decorated, it could use some paint to liven it up.  Still a bit aggressive on the price in my opinion based on the most recent similar sales, but with scarce inventory and some flexibility, an impressive and well-timed sale.  A new bar is set for lower level units at the Pinnacle.  Congratulations to the new owner.

Pinnacle #2502 – Sold

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550 Front St #2502 / Pinnacle #2502 – Floor Plan – Sold for $740,000

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This 25th floor unit facing east has finally closed escrow for $740,000 – about 5% below the asking price.  Great views from the balcony – and not bad from the unit itself with more of a city flair.  This one also features the infamous red cabinets… that and an asking price probably still $10,000 – $30,000 higher than the comps can justify, so it seems like a fair price for all parties involved.  Congratulations to the new owner!

Pinnacle #2904 – Sold

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550 Front St #2904 / Pinnacle #2904 – Floor Plan – Sold for $2,525,000

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This stunning unit closed escrow for $2,525,000 – over $1,000 per square foot.  You can’t beat the views on this 29th floor southwest corner unit at the Pinnacle.  3 true bedrooms as well as a den/nook/office space.  One of the premier units in the building.  A little bit warmer of a unit than most with wood floors vs. tile floors.  Clearly the combination of great views, size, and scarcity helped the seller.  Congratulations to the new owner!

Pinnacle #1908 – Sold

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550 Front St #1908 / Pinnacle #1908 – Floor Plan – Sold for $1,800,000

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This 19th floor corner unit at the Pinnacle closed escrow for $1,800,000 – right in the middle of the asking price range.   One of a string of sales over $1,500,000 in the community lately.  Excellent views from this southwest corner unit at Pinnacle. Boasting over 1600 sq ft and being on the premier corner of the building, it’ll be interesting to see how the market reacts to somewhat of a premium asking price.  Views like this are hard to find, so I won’t be surprised if they get close.  Congratulations to the new owner!

Pinnacle #3203 – Sold

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550 Front St #3203 / Pinnacle #3202 – Floor Plan – Sold for $2,320,000

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This upper floor view unit at Pinnacle has closed escrow for a little under the asking price at $2,320,000. Terrific views to the west and north. Great square footage, 2 bedrooms and a den, and a large living space and terrace. Great opportunity for someone looking for an exceptional view unit.  With the upgrades and staging, a much better chance to sell this time around. Congratulations to the new owner – not a bad price at all for all that this unit has to offer!

Pinnacle #502 – Sold

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550 Front St #502 – Floor Plan – Sold for $399,000

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This 1 bedroom at the Pinnacle on the 5th floor finally closed escrow for a little under the asking price at $399,000.  This east-facing 1 bedroom is a little different than the others with black granite countertops, matte cabinets, and some wood floors. I still think this one needs to get under $400,000 to sell…  We’ll see what it closes for…  Looks like I was right.  Congratulations to the new owner!

Pinnacle #301 – Sold

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550 Front St #301 – Floor Plan – Sold for $812,000

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This southeast corner unit at the Pinnacle has sold for $812,000.  Low in the building, but a nice floor plan – the largest on the floor.  Nice upgrades including wood floors in the bedroom.  For less than $900,000, not a bad way to get 1500 sq ft in the building.  Congratulations to the new owner.

Pinnacle #3003 – Sold

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550 Front St #3003 – Floor Plan – Sold for $1,575,000

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This 30th floor northwest corner unit at Pinnacle sold for $1,575,000, all cash, just under the asking price. Great and mostly protected views to the south, west and north. Not the largest kitchen/great room, and it features the rare red cabinets.  Congratulations to the new owner!

Pinnacle #1701 – Sold

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550 Front St #1701 – Floor Plan – Sold for $1,550,000

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This 17th floor southeast corner unit at the Pinnacle closed escrow today for the full asking price of $1,550,000.  This unit has been lightly decorated and gently lived in.  Very nice view and based on the recent sales, this one should move very quickly. Congratulations to the new owner!