
San Diego, California 92109
This Waterfront Condominium represents a stable market acquisition, listed at a List Price of $3,199,000, which aligns closely with the $3,143,694 Fair Market Value. Featuring a Condition Rating of 3, this residence offers a turnkey interior with modern finishes and a proven track record as a high-performing short-term rental. With Panoramic Bay Views and an Exclusive-Use Beachfront Patio, the property provides a rare coastal lifestyle. This is an ideal acquisition for Buy-and-Hold Investors seeking immediate rental demand or Owner-Occupants desiring a premium, low-maintenance beachfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1177 Pacific Beach Drive #a Subject 3 bd · 2 ba · 1,552 sqft · $2,026 | $3,199,000* List Price | 3 | 2 | 1,552 | $2,026 | - |
A 3828 Riviera Dr 2b Active 2 bd · 2 ba · 2,053 sqft · $1,632 · 0.4 mi | $3,350,000 List Price | 2 | 2 | 2,053 | $1,632 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1993 (31 years old), the interior shows a clear renovation likely performed within the last 5-15 years. The kitchen features modern white shaker cabinetry, stainless steel appliances, and updated stone countertops. The flooring has been updated to a contemporary wood-look tile, and the unit appears well-maintained and move-in ready for its use as a high-performing short-term rental.
Elementary School: Bird Rock Elementary School (10/10).
Situated directly on the sand at Sail Bay, this rare ground-floor, single-level residence offers immediate beachfront access and panoramic water views.
The property features a robust 10-year track record as a high-performing short-term rental with established repeat clientele, offering immediate ROI potential.
Being a ground-floor unit located directly on the popular Sail Bay shoreline, the property may experience high pedestrian traffic near the exclusive-use patio.
Listed at over $2,000 per square foot, the property is positioned at a significant premium, which may challenge appraisal valuations despite its unique location.
Live directly on the sand at one of Sail Bay’s most coveted waterfront addresses. This rare, ground-floor, single-level three-bedroom, two-bath residence offers true beachfront living with panoramic bay views and effortless indoor–outdoor flow—just steps from the water and moments from the Pacific Ocean. Positioned along the calm, swimmable shores of Sail Bay, the home opens to an exclusive-use beachfront patio, where mornings begin with glassy water and evenings wind down with golden sunsets reflecting across the bay. Inside, generous living spaces are designed to capture the view, creating a relaxed coastal atmosphere that feels equally suited for full-time living or extended stays with family and friends. Beyond lifestyle, this property stands out as a proven income-producing short-term rental, with a decade-long track record of strong performance and loyal repeat guests. Few opportunities combine this level of location, usability, and rental demand—making it ideal for buyers seeking both enjoyment and long-term value. Set within an intimate four-unit, secure building, owners enjoy low $350/mo HOA dues, full-size in-unit laundry, a private one-car garage, plus an additional parking space. Just steps to Sail Bay and less than half a mile to the ocean, this home is walkable to the Catamaran Resort, waterfront dining, and the vibrant coastal lifestyle Pacific Beach is known for. Whether you envision it as a legacy family retreat or a high-performing coastal investment, this is a property that delivers today—and endures for years to come.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,552 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $3.20M | $598.4K |
| Price per sq ft | $2.1K | $607 |
| Built year | 1993 | 1986 |
| HOA | $350.0 | $536 |
| Days on market | 12 | 58 |
Oct 13, 2026
$3,199,000
Initial Listing
Nov 22, 2013
$475,000
Public Record
May 26, 2000
$775,000
Public Record
Dec 6, 1994
$500,000
Public Record