
San Diego, California 92106
This Rare Waterfront Condominium represents a Strong Value Opportunity, listed at $1,125,000—positioned well below the $1,240,486 Fair Market Value by 9%. This valuation gap offers $115,486 in Instant Equity. Featuring a Condition Rating of 3, this move-in ready residence offers unique architectural character, including a private elevator and bay-view loft. With resort-style amenities and proximity to Point Loma’s coastal lifestyle, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, high-equity coastal home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1021 Scott 159 Subject 2 bd · 2 ba · 1,526 sqft · $813 | $1,125,000* List Price | 2 | 2 | 1,526 | $813 | - |
A 3119 Garrison Street 3 Sold 2 bd · 2 ba · 1,030 sqft · $791 · 0.5 mi | $815,000 | 2 | 2 | 1,030 | $791 | 0.5 mi |
B 1150 Anchorage Lane 408 Sold 3 bd · 2 ba · 1,658 sqft · $854 · 0.1 mi | $1,416,450 | 3 | 2 | 1,658 | $854 | 0.1 mi |
C 3108 Hugo Street Active 2 bd · 7 ba · 1,258 sqft · $786 · 0.5 mi | $989,000 List Price | 2 | 7 | 1,258 | $786 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was converted/built in 2006, making it approximately 20 years old. It remains in well-maintained, move-in ready condition with functional systems including central heat and air. The kitchen and bathrooms feature granite countertops and cabinetry consistent with the original 2006 developer finishes; while slightly dated by modern standards, they are in good repair and do not require immediate renovation.
This rare two-story conversion features high ceilings and a loft layout serviced by both a spiral staircase and a private elevator lift, providing unique character with seamless, stair-free accessibility options.
Situated in the heart of Point Loma Village, the property offers exceptional walkability to the San Diego Yacht Club and Bessemer Beach, paired with resort-style amenities like a bay-view pool and kayak storage.
The residence offers the rare convenience of a private street-level entrance on Talbot Street in addition to secure gated community access, providing the privacy of a townhome with the security of a condo.
The $700 monthly association fee represents a significant recurring expense that may impact overall affordability for some buyers despite the extensive amenities provided.
The assigned elementary school, Cabrillo, currently holds a lower rating (4/10) compared to the higher-performing middle and high schools in the Point Loma area, which may concern families with young children.
Rare two bedroom in the Yacht Club Condos. Offered for the very first time since its original 2007 developer sale, unit 159 is one of the rare two story residences created from the building's historic waterfront restaurant in the 2006 conversion. These homes, with their own private street entrances, almost never come up for sale. Come and go through your own Talbot Street door, or enter through the gated community when you like, your choice. Inside you get high ceilings, open kitchen, a spacious primary suite with its own bath, and a second bedroom loft up top that looks out to the bay and the mountains beyond. The two levels connect with both an elevator lift and a spiral staircase, so you get the character of a two story home with easy single level access whenever you want it. From your parking to the condo, there is even a path with zero stairs. In unit laundry, central heat and air, a private garage, plus a gated parking spot. Location doesn't get any better. Walk to the San Diego Yacht Club to take the boat out or grab a drink, paddle board at Bessemer Beach, or pop over the hill to Sunset Cliffs for world famous sunsets and great surf. Great restaurants, live music, and views everywhere you look. The gated community lives like a resort, with a heated bay view pool, fitness center, billiards and rec room, clubhouse lounge, meeting space, and storage for bikes, kayaks, and paddle boards. Prime location in the heart of Point Loma Village.
No exterior & parking available.
Grades K-4 • 0.2 mi
Grades 5-6 • 0.9 mi
Grades 7-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,526 | 1,018.142 |
| Lot Size | 71,523 | 75,257.211 |
| Price | $1.12M | $598.4K |
| Price per sq ft | $737 | $607 |
| Built year | 2006 | 1986 |
| HOA | $700.0 | $536 |
| Days on market | 10 | 58 |
Oct 15, 2026
$1,125,000
Initial Listing
Jul 30, 2007
$726,000
Public Record