1 (One) South Park: a Walkthrough and Sales Update

We recently had the pleasure of checking out 1 (One) South Park with some clients, and are sad to say the pickins are slim (for us anyway).

onesouthpark3
onesouthpark
If you don’t know what One South Park is, fear not, we’ve gotcha covered. One South Park is a new warehouse conversion with 35 new homes, including 9 penthouses. They have one, two, and three bedroom homes, 14 of which have private outdoor terraces (the south facing ones will get the heat and light, the north facing get the views.) Square footage per unit varies, so we’re not quoting any. The owner has retained arguably one of the best penthouses with a huge wrap-around deck, which should come as no surprise.

Pricing, you can assume is around $900-$1000/ square foot, and sales have been steady at about one unit selling per week (according to the sales agent), and buyer traffic is steady.  There are currently 18 units sold of the 35 and our favorite two bedroom patio unit (#208) priced at $1,100,000 is gonzo (but still active in MLS).

If you can live without the patio and love big windows and views, #304 (3 bed, 2 bath, 1165 square feet, not pictured) priced at $1.2M is a good alternative, especially if you buddy up with a bartender at 21st Amendment, which is right across the street.

onesouthpark2
All of the units are very contemporary and each unit comes with a Bosch appliance package, granite & limestone counters and Grohe plumbing fixtures. Parking is included, some stacked and others individual (get over it, Europe has been doing this for ages). HOA dues are around $400 per month, and include all the regulars like water, garbage, building maintenance, insurance, as well as gas. You pretty much only need to pay for power and phone/internet/cable (Cat 5 wiring in place).

Our other favorite unit is #403, a two level townhouse style two bedroom plus den penthouse with a nice north facing deck with great views (tip of Transamerica, One Rincon, Bay Bridge, W Hotel, St. Regis, Four Seasons, AT&T Park, etc.). This unit has 1381 square feet and is priced at $1,495,000.

The builder is Webcor, and the owner/developer is Santa Fe Partners.

We do have to be honest and say they really skimped on the lighting in the bathrooms (very dark), and could have done better with the tub/shower (kind of hotel-y). Otherwise, it is a great building conversion (did we mention seismic retrofit), in a fantastic location with decent prices. Fresh lime margaritas would taste mighty nice on one of their terraces, so “don’t forget the little people.”

As always, if you would like more information contact us. Seriously!? Do you think we’d give it ALL away all the time? Come on!

2 thoughts on “1 (One) South Park: a Walkthrough and Sales Update

  1. Didn’t know there was a “South Park” in South Beach. Interesting. Will have to check it out.

    Interesting how everything is starting at $900-$1000/sqft. Building costs continue to rise, so it doesn’t seem like this is gonna stop anytime soon.

    PS it’s snowing everyday this week in Tahoe! Just in time for Christmas!

    RSC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s