As we first wrote this past November:
While a number of penthouses atop the Watermark at 501 Beale Street have gone back to the bank and sold for substantial discounts over the past couple of years, the 2,055 square foot Penthouse #1C on the 22nd floor at 501 Beale has just hit the market listed for $3,200,000 having been purchased as new for $2,300,000 in January of 2007.
On the day the Warriors advanced to the second round last week, the sale of 501 Beale Street’s Penthouse #1C closed escrow with a reported contract price of $2,850,000, up 24 percent versus 2007 and roughly $1,387 per square foot.
∙ Calling All Warriors Willing To Bet On The Watermark And An Arena [SocketSite]
∙ Another Watermark Penthouse Returns To The Market Bank-Owned [SocketSite]
∙ Redesigned Warriors Arena Unveiled: A Peek Inside And Out [SocketSite]