Purchased from the sales office for $1.57 million in February of 2016, the 993-square-foot, one-plus-bedroom unit #8J atop the Lumina plaza building at 333 Beale Street returned to the market priced at $1.449 million this past September.
In addition to twelve-foot ceilings, two “spa-inspired bathrooms” and a modern kitchen outfitted with Gaggenau appliances and Caesarstone countertops, the unit features a private balcony with city views, a large walk-in closet, a bonus den/office space by the front door, and a valet parking spot in the garage.
After a month on the market priced at a loss, the list price for 333 Beale Street #8J has just been reduced to $1.398 million, a sale at which would be 11 percent below its February 2016 price on an apples-to-apples basis.
The resale of 333 Beale Street #8J has now closed escrow with a contract price of $1.39 million, which is officially “within 1 percent of asking” according to all industry stats and aggregate reports but down 11 percent ($180K) since the first quarter of 2016 on an apples-to-apples basis.
And yes, the slightly smaller unit next door remains on the market with a (further) reduced list price of $1.399 million, a sale at which would be at a real loss as well.