Once again, these are not “official” numbers, but as best we can tell another twelve units in the Watermark have sold (leaving around 18 units available or 85% sold). In addition, two new resales have hit the market: 501 Beale #8C ($912,000) and #16B ($1,150,000).
Unit #8C offers the same spectacular views of the Bay Bridge (
and potential cruise ship terminal see UPDATE below) as unit #6C (which was briefly on the market for $899,000), but with the added benefit of being high enough to preserve the views once a seven story (height restricted) building is built next door.
UPDATE: The force must have been strong last night. As a reader notes, the “potential cruise ship terminal” has been “scrapped due to skyrocketing costs associated with retrofitting its rotting piers.”
UPDATE (redux) (again): According to J.K. Dineen at the San Francisco Business Times (and the Port report), it’s probably closer to 80% sold with 80 units sold, 29 under contract, and 27 still for sale. And while we definitely waffled, right or wrong, we’re now reverting back to our originally reported 18 available (and 85% sold). It’s quite possible that the nine unit difference between our numbers is in part due to the accounting for the 16 BMR units in the building, a time lag between reports, or quite simply the sales office getting the best of us…
∙ Watermark Update: 78% Sold (And Discounting) [SocketSite]
∙ Listing: 501 Beale Street #8C (1/1) – $912,000 [Legal One Realty Via Pacific Union]
∙ Listing: 501 Beale Street #16B (2/2) – $1,150,000 [Urban Bay]
∙ Soaring costs sink cruise ship terminal plan [Examiner]
∙ Watermark Signs Of Weakness? [SocketSite]