October 11, 2011
A Repainted 300 Beale Street #406 Returns
Featuring fixtures and finishes by Boffi, Miele, Porro and Agape and listed for $1,595,000 in late 2008, in 2009 the list price for 300 Beale #406 had dropped to $1,395,000 and then to $1,299,000 before being withdrawn from the market at the end of that year.
Today, the modern 1,700 square foot Embarcadero Lofts two-bedroom condo is back on the market newly repainted and asking $1,450,000. And as the bath looked in 2009:
∙ Listing: 300 Beale #406 (2/2) - $1,450,000 [300beale.com] [MLS]
∙ You’ve Seen Two, But You Haven’t Seen Them All: 300 Beale #406 [SocketSite]
∙ Three At Three Hundred Beale Priced At One Point Three (Nine Five) [SocketSite]
∙ Loft By Nature, Luxury By Design: Embarcadero Lofts (300 Beale) [SocketSite]
First Published: October 11, 2011 9:00 AM
Comments from "Plugged In" Readers
Isnt this the guy behind surface magazines pad?
Posted by: mikey woodz at October 11, 2011 10:16 AM
I toured this back in 2008. I like the unit and building a lot, but I think the price is too high. IIRC, the kitchen counters have some noticeable wear. The very nice corner view will lose a lot when all the construction is done across Beale and Folsom (and it'll be more shaded, too ;-). Should sell at $1.15M or so.
Posted by: Dan Clark at October 11, 2011 10:19 AM
Nice place, agreed it's over priced. Those giant white flower pictures are cool especially when lit up - I've always like the one at Circa.
Posted by: lolcat_94123 at October 11, 2011 10:35 AM
Gray is the new brown.
Posted by: kthnxybe at October 11, 2011 11:39 AM
Whats gray have to do with brown
Posted by: mikey woodz at October 11, 2011 2:08 PM
Eh. Still overpriced at $1M+. I toured it as well. Nothing impressive, zero-amenities building.
Posted by: Pffft at October 11, 2011 3:19 PM
Great unit nicely done. Love the zero amenities, keeps HOA dues low.
Posted by: Kathleen at October 11, 2011 8:05 PM
$700/mo is low?
The original idea behind a shared living arrangement like a condo was that, sure you had to put up with more noise, a HOA that dictated when you could sneeze, etc., but you got to spread out the costs of amenities 150 ways so that you got to enjoy a pool, spa, etc and yet only paid a fraction of one percent of the upkeep. Zero amenities buildings defeat the whole point of a condo. All the downsides with none of the upsides. If you are going to put up with the hassle, the least you can do is to get a pool for $20 per month. Seems like a wasted opportunity.
Posted by: tipster at October 11, 2011 9:40 PM
HOAs cover building maintenance, insurance, and other non-amenity components, which hopefully sustain a healthy reserve.
Posted by: eskimo girl at October 12, 2011 6:42 AM
Doesn't the HOA'S also cover ELECTRIC & GAS, as well as water, grounds maint. & insurance? I think they have radiant heated concrete floors in this unit. That's a big plus to have those bills covered I would think.
Posted by: sf Reader at October 12, 2011 9:36 AM
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