| The Most Expensive Neighborhood in San Francisco? | November 11th, 2005 |
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Well, when it comes to San Francisco condominiums, Russian Hill and Telegraph Hill command the highest sales prices, at an average $890/square foot. This figure can go much higher depending on views, location and building. The second most expensive neighborhood, from a price per square foot standpoint? Many would point to South Beach, where new home prices often start at $1,000/square foot. Examples of buildings that are commanding these kinds of prices are The Beacon at King and 4th, and The Watermark at Bryant and Beale. Resales in South Beach are also strong. Larger units at the 6-year-old Brannan, for example (at Brannan and Delancey) are garnering as much as $1,400/square foot. Why do these South Beach buildings command such high prices? Some of the reasons are obvious– great views, snazzy amenities like a pool and private health club, and the exciting sense that you?re on the cutting edge of a fresh, new neighborhood. Other reasons are more subtle. A building?s architecture and the way it relates to its surroundings can have a strong impact. People will also pay a premium for the ?cool factor? of living in a prestige building like The Brannan or the Oriental Warehouse. Another hot neighborhood coming up? Rincon Hill, a knot of land set just west of 1st Street. The zoning and planning for this neighborhood emulates Vancouver, with high rises on the corners and green spaces set in between. Many say the creation of this neighborhood will turn it into the next Russian Hill, since it offers some of the City’s best bay views. Rincon Hill is also where some of the tallest residential buildings west of the Mississippi will be. One Rincon Hill (which you can see being built just off the 80 as you cross the Bay Bridge), will be 55-stories high. Set on the crest of the hill, it promises to alter the shape of the San Francisco skyline. Another building topping out at over 60 stories is going in at 1st and Mission. Ultimately 8,000 units of housing will be an added to an area that?s been better known as the no-man’s land you pass through on your way to the Bay Bridge. Want to know more about new and newer condos in San Francisco? I can fill you in on the size, square footage range, amenities, and average price per square foot for any building in San Francisco. Just call me for the information. See you next week! |
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So what’s the Most Expensive Neighborhood in San Francisco???