Traditional Sales

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

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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.

Pinnacle #1501 – Reduced

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550 Front St #1501 / Pinnacle #1501 – Floor Plan – Reduced – Now $1,650,000

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$150,000 reduction on this 15th floor southeast corner unit.  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.

Pinnacle #604 – Re-Listed

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550 Front St #604 / Pinnacle #604 – Floor Plan – Re-Listed – $1,089,000

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This 6th floor corner unit being flipped, but after about 6 weeks on the market at a very high price, no takers and the listing has expired and as expected has been re-listed to reset the clock on the market time..  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….

Pinnacle #604 – Expired

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

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This 6th floor corner unit being flipped, but after about 6 weeks on the market at a very high price, no takers and the listing has expired.  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….  Expect to see it refreshed shortly.

Pinnacle #408 – Pending

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550 Front St #408 / Pinnacle #408 – Pending

Full Details:  Click Here

Less than a week on the market and this this southwest corner unit on the 4th floor is now in escrow.  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.

Pinnacle #408 – New Listing

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550 Front St #408 / Pinnacle #408 – New Listing – $1,049,000

Full Details:  Click Here

New to the market at the Pinnacle is this southwest corner unit on the 4th floor.  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.

Pinnacle #604 – New Listing

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550 Front St #604 / Pinnacle #604 – Floor Plan – New Listing – $1,090,000

Full Details:  Click Here

This 6th floor corner unit being flipped.  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….

Pinnacle #1403 – New Listing

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550 Front St #1403 / Pinnacle #1403 – Floor Plan – New Listing – $1,095,000

Full Details: Click Here

After quite some time without any new listings for less than $1.3M or $1.4M, here’s a new listing on a 14th floor east-facing 2 bedroom. This plan offers 2.5 baths as well as almost no wasted space.  Conversely, the price is a big high for an east-facing unit, and the kitchen has the blue/purple cabinets vs the more traditional brown. We’ll see how they do, with the inventory so low, I actually think they’ve got a chance even though the asking price is about $30,000 higher than it was just a few months ago before it had come off the market for the holidays.

Pinnacle #2802 – Sold

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550 Front St #2802 / Pinnacle #2802 – Floor Plan – Sold for $1,325,000

Full Details:  Click Here

After a few months in escrow, this detailed and staged is this 28th floor northeast corner unit has finally closed escrow for $1,325,000 – a bit below the most recent asking price.  It offers 3 bedrooms as well as a bar for entertaining.  Nice patio size and views from this perch that looks out above the Horizons building.  Shows well – question will be how much of a discount someone wants for being on the east side of the building vs. the west side.  To answer the question, it’s about a 15% difference in this market comparing #2802 to #3003.  Congratulations to the new owner!