
San Diego, California 92101
This residence presents a High-Potential Investment Opportunity with a List Price of $2,199,000—positioned well below the $1,868,310 Fair Market Value by -17%. While the property requires renovation due to its Condition Rating of 4, the expansive 1,944 sqft floor plan and panoramic bay views offer significant upside. Featuring resort-style amenities and side-by-side parking, this asset allows for custom value-add improvements. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity in a premier waterfront community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1199 Pacific Hwy 2206 Subject 2 bd · 2 ba · 1,944 sqft · $961 | $2,199,000* List Price | 2 | 2 | 1,944 | $961 | - |
A 700 W Harbor 2501 Sold 2 bd · 2 ba · 1,873 sqft · $833 · 0.4 mi | $1,560,000 | 2 | 2 | 1,873 | $833 | 0.4 mi |
B 1205 Pacific Hwy 2906 Sold 2 bd · 2 ba · 1,514 sqft · $1,202 · 0.1 mi | $1,820,000 | 2 | 2 | 1,514 | $1,202 | 0.1 mi |
C 1262 Kettner 1504 Pending 2 bd · 2 ba · 1,707 sqft · $908 · 0.1 mi | $1,549,900 List Price | 2 | 2 | 1,707 | $908 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 20 years old and retains its original kitchen and bathroom finishes. The listing description explicitly states the home is 'well lived in' and 'ready for renovation,' which aligns with the criteria for a dated property needing updates after two decades.
The residence offers spectacular, unobstructed bay and city views from its 22nd-floor position, further enhanced by a modified open-concept primary suite that maximizes water sightlines.
Priced substantially lower than recent sales of the same floor plan (which have reached up to $2.89M), this unit provides a rare opportunity to build immediate equity through a custom renovation.
Located in The Grande South, the property includes resort-style perks such as 24-hour concierge, a lap pool, and rare side-by-side parking spaces with a private storage room.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1944, other record living area = 1803.
The unit is in 'well-lived-in' condition and requires a full renovation, necessitating a significant additional investment of time and capital before it is move-in ready.
The association fee of $1,880 per month is a substantial recurring expense that may impact the overall budget for buyers sensitive to high fixed monthly costs.
A rare opportunity to reimagine one of The Grande’s most desirable floor plans. Residence 2206 is the coveted E plan, offering 2BR + den, 2BA and an expansive 1,944 sqft, along with two private balconies, two side-by-side parking spaces, and a private storage room. Spectacular bay and city views provide the backdrop throughout the residence. The floor plan has been uniquely modified to connect the primary bedroom with the den, opening the sightlines and allowing the primary suite to capture even more of the impressive water views. The home has been well lived in and is ready for renovation, presenting an exceptional opportunity to create a residence tailored entirely to your own style rather than paying a premium for someone else’s finishes. The price reflects the current condition and represents compelling value compared with recent sales of the same floor plan. A 26th floor E-plan residence in Grande South recently sold for $2,700,000, while the same floor plan in Grande North recently sold for $2,399,000 on the 17th floor and $2,892,000 on the 23rd floor in August. The Grande South offers resort-style amenities including 24-hour security and concierge, lap pool, spa, fitness center, steam and sauna rooms, resident lounge, business center, guest suite, and guest parking. Ideally located along San Diego’s waterfront, just steps from Little Italy, dining, entertainment, and the bay, Residence 2206 is an outstanding opportunity to create a spectacular custom home in one of Downtown’s premier residential communities.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-8 • 1.7 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,944 | 1,018.142 |
| Lot Size | 79,979 | 75,257.211 |
| Price | $2.20M | $598.4K |
| Price per sq ft | $1.1K | $607 |
| Built year | 2004 | 1986 |
| HOA | $1880.0 | $536 |
| Days on market | 6 | 58 |
Oct 19, 2026
$2,199,000
Initial Listing
Sep 24, 2004
$1,304,000
Public Record