At the other end of the Mid-Market condo market, the three-bedroom, 2,569-square-foot unit #28D in the Four Seasons Residences at 765 Market Street sold for $5.475 million in April of 2015.
Featuring walls of windows with panoramic views stretching over the City to the Bay, the corner unit’s formal foyer flows to its “grand salon” (living room) and around to the dining room and kitchen, with the unit’s third bedroom currently outfitted as a media room, custom window seats throughout, and two deeded parking spaces and a storage area in the building’s garage.
Returned to the market priced at $5.475 million earlier this year, a sale at which would have represented net appreciation of 0.0 percent over the past eight years, the asking price for 765 Market Street #28D was reduced to $4.95 million in April but a buyer has yet to emerge. At the same time, the “Motivated Seller!” is now offering the unit for rent at $18,000 a month, which would include the HOA fees of $3,905 a month for those running the numbers at home.
If you think you know the high-end market in San Francisco, now’s the time to tell.