In previous posts, we’ve had a look at the East Cut and South Beach neighborhoods in San Francisco. If you’re looking to buy in these areas, how far will your money go? A good San Francisco real estate agent can help you find a home that fits your priorities. At the $1 million price point, a number of homes can be had whether you are focusing on space, location, or amenities. Read on to see what is currently trading at the $1 million price point.
For our sample, we set the price range for our search in the range of $900,000 to $1,099,999. A number of reputable luxury buildings offer homes in this range with ample space. However, many newer buildings won’t offer as much space.
To start off, a 2 bedroom 1 bathroom home is currently listed at The Brannan. 219 Brannan St #1D, as of Dec. 6, 2021, is listed at the bottom end of our range at $899,000. The home features two bedrooms and one bathroom and is centrally located at the corner of Brannan Street and Delancey Street. We featured in The Brannan’s amenities in a previous post here.
At $899,000 219 Brannan St #1D features a great opportunity to own a 2 bedroom at a reputable building with an amazing location. However, while The Brannan is an outstanding luxury building, its 2000 construction date might be an issue for some buyers. Moreover, #1D is a ground floor unit, which can be a positive or negative feature depending on a person’s priorities. Nevertheless, 219 Brannan Street #1D presents outstanding value. 219 Brannan #1D is listed with Storm Cattoche, and the listing details can be found here.
On the slightly newer side of things, MIRA is one of East Cut’s newest buildings. With the latest finishes and styles, MIRA is a top-of-the-line high rise in the middle of one of San Francisco’s most dynamic areas. 280 Spear Street Unit 1F is a 2 bedroom 1 bathroom on the lowest residential floor of the building. The home features top-of-the-line fixtures, appliances, and design. When buyers prioritize new construction, they often want the latest designs and amenities. MIRA is being sold by Polaris Pacific, and their sales office is here.
New construction like MIRA is wonderfully easy on the eyes. However, with newer construction, the price point tends to be a bit higher compared to units that are being re-sold. Unit 1F at MIRA is similar in square footage with The Brannan #1D and similar has 2 bedrooms and 1 bathroom. But, #1D at the Brannan is listed at $899,000 while Unit 1F is listed at $1,095,000. So, some buyers are willing to pay a little extra for a newer home, while others prefer more value in their home purchase. Unit 1F details can be found here.
Lastly, after taking the upper and lower bounds of the $1 million price point, The Palms #501 is a 2 bedroom and 2 bathroom home that seems to cover the middle ground between The Brannan and MIRA. Built in 2006, The Palms is a solid luxury condominium building in the heart of South Beach. Located at 555 4th Street, The Palms offers easy access to freeways, MUNI, and Caltrain. While the amenities aren’t as robust as The Brannan (no pool) or MIRA, they are ample and spacious.
With a price point at $998,000 The Palms #501 is right at the $1 million mark. The home features 2 bedrooms and 2 bathrooms along with nice city views. The Palms #501 is listed with Ronny Budiutama, and more information about the property can be found here.
In closing, today’s blog post is meant to give you an appreciation of what variation exists at the $1 million dollar price point in the specific neighborhoods of South Beach and East Cut. Buyer priorities vary greatly, and understanding what you can get for your money can feel overwhelming. Our agents in Kinoko are very familiar with the neighborhoods and homes in San Francisco and can help you navigate and understand the offerings of San Francisco’s dynamic real estate market.
Interested in seeing what your money can get you in San Francisco to help achieve your desires? Reach out to one of our agents for a rundown of the latest trends in San Francisco along with a free consultation. You’ll be happy you did.