The two-bedroom, two-bath unit #412N in the Portside II building at 403 Main Street hit the market in April of 2016 listed for $1.195 million, touting its “bridge and water views in an excellent location of the popular South Beach neighborhood,” with “Google, Linkedin, Apple, Salesforce and other successful tech and finance companies…just around the corner,” making it “an upside investment as well as a home!”

The 1,094-square-foot condo sold for $1.225 million that August with HOA dues of $515 a month and an extra $140 a month for a designated parking space in the building’s garage.

And having returned to the market listed for $1.325 million this past May, a sale at which would have represented total appreciation of 8.2 percent for the “must have home” over the past three years, the re-sale of 403 Main Street #412N has now closed escrow with a contract price of $1.200 million, down 2.0 percent on an apples-to-apples basis since the second quarter of 2016, with HOA dues now running $657 a month plus $159 a month for parking for those running the numbers at home.

Comments from Plugged-In Readers

  1. Posted by scurvy

    Isn’t this building next door to the planned Navigation Center? Can’t see, the Google maps API key is busted on socketsite.

    • Posted by SocketSite

      No. The Navigation Center site is on the other side of the Bay Bridge, Bryant and the Watermark.

      • Posted by scurvy

        One block isn’t going to matter. That whole area is now in jeopardy.

        • Posted by tipster

          A homeless guy attacked a Watermark resident a few days ago. Click on name link for the video. I think the area is already gone.

          • Posted by ExSFLandlord

            I had a good laugh over this story. Attacked woman said she wrote Gov. Neverbeenanywhere a letter asking him for help. Little does she know Newson is responsible for Prop 47.

            Good luck with that…

          • Posted by Brahma (incensed renter)

            Going by the relevant story on The Chron’s website, it seems obvious to me that the assailant was mentally ill. Prop 47 isn’t the legislation to blame here. We have a large contingent of mentally ill homeless people on the streets of California largely due to the infamous Lanterman-Petris-Short Act (signed into law by “Saint” Ronald Reagan when he was Governor the year Gavin Newsom was born). Repealing that would be a good start on heading this kind of thing off.

          • Posted by ExSFLandlord

            Keep reading: “Prior to 1987 it was assumed that the Act allowed involuntary treatment for those who were detained under an initial three-day hold (for evaluation and treatment) and a subsequent fourteen-day hospitalization (for those patients declared after the three-day hold to be dangerous to themselves or others or gravely disabled). However, in the 1987 case of Riese v. St. Mary’s Hospital and Medical Center, the California Court of Appeal declared that these patients had the right to exercise informed consent regarding the use of antipsychotic drugs, except in an emergency, and if they rejected medication “a judicial determination of their incapacity to make treatment decisions” was required before they could be involuntarily treated.[2][3] This case was a class action suit brought in the name of patient Eleanor Riese by the California ACLU.[2] Eleanor Riese’s story is depicted in the movie 55 Steps.[4]”

            Emphasis on ACLU. Stop blaming Reagan for the problem created by ACLU lawsuit. Facts matter.

  2. Posted by Mark F.

    Nice unit with a good view.

    • Posted by Kyle S.

      It looks like the kitchen was made for someone who actually cooks! It’s too hard to find a kitchen with usable counter space.

  3. Posted by fogmachine

    Calling it a water view is a small stretch, but from there the Bay Bridge is gorgeous at night

  4. Posted by EBGuy

    Two purchases within a day of each other in 2016. Not that there’s anything wrong with that, Alala…

  5. Posted by Mark F.

    Yes, that kitchen is very nice!

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