In most cities, waterfront property commands the highest prices in town, but thanks to cold temperatures and foggy vistas, that hasn't traditionally been the case along San Francisco's Great Highway at Ocean Beach. As the real estate market has boomed, however, prices in this traditionally affordable area have also soared, and this year saw an oceanside teardown sell for $1.21 million. Therefore, it was refreshing to see a decently sized one-bedroom condo near Quintara pop onto the market for just $429,000 late last week.
The downsides of the condo are very apparent from the exterior. The unit is located in one of the somewhat depressing Soviet-style blocky buildings that sits along the beach. Inside, however, the condo is modern and roomy, if not exactly fancy. It spreads across 726 square feet, which means that the price per square is just $590. A big window in the living room lets in lots of light, and there are stainless steel appliances in the kitchen. The condo doesn't look out onto the ocean, but the beach is just a two-minute walk away. One garage parking spot comes included. And although the condo sits on the outer edge of San Francisco, it is just a few blocks away from the growing Noriega corridor.
· 2090 Great Highway #104 [Redfin]
· Total Disaster Lists for $799K, Sells for $1.21M in Outer Sunset [Curbed SF]