Positioned as part of “The Penthouse Collection at 8 Octavia,” the modern two-bedroom, two-bathroom unit PH-2 atop the Hayes Valley development sold for $1.5 million or roughly $1,500 per square foot in February of 2020.
The unit is outfitted with floor to ceiling windows, air conditioning, high-end appliances, exposed concrete and a signature galley bath in the main bedroom, along with an EV-charger equipped parking space in the building’s garage.
And having just returned to the market listed for “$999,000,” 8 Octavia PH-2 has been priced for an “over asking!” sale, perhaps with “multiple offers!” as well. If you think you know the market for modern condos in/or Hayes Valley, now’s the time to tell.
The resale of 8 Octavia PH-2 has now closed escrow with a contract price of $1,025,000, which is officially “over asking!” according to all industry stats and aggregate reports but down 31.6 percent ($475K) on an apples-to-apples basis from its value in the first quarter of 2020.