1020 Prospect St 205, La Jolla, California 92037, La Jolla, 92037 - 2 bed, 3 bath
ACTIVE$4,995,000
1020 Prospect St 205, La Jolla, California 92037
2Beds
3Baths
1,779Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: La Jolla Elementary School (9/10).
Top Cons:
Substantial Association Fees: The monthly association fee of $3,887.50 is exceptionally high, significantly increasing the total cost of ownership.
Compared to the nearby listings
Price:$5.00M vs avg $1.20M (+$3,795,000)95%
Size:1,779 sqft vs avg 1,308 sqft75%
Price/sqft:$2.8K vs avg $90899%
More Insights
Built in 2017 (8 years old).
Condition: Built in 2017, this property is virtually new and exemplifies luxury living. The kitchen features sleek, modern cabinetry, integrated high-end appliances, and a stylish island with a unique wooden ceiling accent. Bathrooms are equally impressive, with a lavish primary bath boasting Gessi fixtures, a freestanding tub, and a large glass-enclosed shower, alongside other modern, well-appointed bathrooms. Flooring consists of contemporary large-format tiles and pristine hardwood. All light fixtures, finishes, and overall design are current, high-quality, and show no signs of wear or deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
Year Built
2017
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$2,808
HOA
$3,887.5
Days on market
-
Sold On
-
MLS number
250017454SD
Home ConditionExcellent
Features
Good View: Mountain(s), Ocean
ViewMountain(s), Ocean
About this home
Mills Act has been approved!! Take advantage of the great reduction on your property taxes. Experience luxury living at its peak at 1020 Prospect Unit 205, nestled in La Jolla Village. With extraordinary architecture, impeccable design, "The Muse" stands out among its peers. Enjoy the open floor plans, high ceilings, a lavish primary bath with a custom shower featuring Gessi fixtures, round-the-clock concierge service, and numerous other indulgent amenities. Another great amenity is the 4 private parking spaces included with you home. Most Furnishings are included in the Price . Contact listing agent for details.
Nearby schools
9/10
La Jolla Elementary School
Public,•K-5•0.6mi
8/10
Muirlands Middle School
Public,•6-8•1.1mi
8/10
La Jolla High School
Public,•9-12•1.1mi
Condition Rating
Excellent
Built in 2017, this property is virtually new and exemplifies luxury living. The kitchen features sleek, modern cabinetry, integrated high-end appliances, and a stylish island with a unique wooden ceiling accent. Bathrooms are equally impressive, with a lavish primary bath boasting Gessi fixtures, a freestanding tub, and a large glass-enclosed shower, alongside other modern, well-appointed bathrooms. Flooring consists of contemporary large-format tiles and pristine hardwood. All light fixtures, finishes, and overall design are current, high-quality, and show no signs of wear or deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: La Jolla Elementary School (9/10).
Mills Act Tax Benefits: Approved Mills Act status offers significant property tax reductions, enhancing long-term affordability and investment value.
Luxury & Modern Design: Built in 2017, the property boasts extraordinary architecture, impeccable design, open floor plans, high ceilings, and high-end fixtures (Gessi), reflecting peak luxury living.
Prime La Jolla Village Location: Situated in the highly sought-after La Jolla Village, offering prestige and convenient access to amenities.
Exceptional Amenities & Parking: Includes 24/7 concierge service and a rare offering of 4 private parking spaces, adding significant convenience and value.
Ocean & Mountain Views: Features desirable ocean and mountain views, contributing to the property's aesthetic appeal and value.
Cons
Substantial Association Fees: The monthly association fee of $3,887.50 is exceptionally high, significantly increasing the total cost of ownership.
High Price Point for Square Footage: A list price of nearly $5 million for 1,779 square feet represents a very high price per square foot, potentially narrowing the buyer pool.
Condominium Restrictions/Privacy: As a condominium, it may entail certain HOA restrictions and less privacy compared to a single-family residence, which could be a drawback for some luxury buyers.