20 W 3rd Avenue 601, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 3 bath
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San Mateo, California 94402
This Luxury Downtown Condominium is a Prime Investment Opportunity listed at $3,000,000—positioned well below the $3,070,234 Fair Market Value by 2%. This valuation gap offers $70,234 in Instant Equity for a residence in Mint Condition. Spanning an expansive 2,800 SqFt, the home features a high-end renovation, panoramic city views, and a chef’s kitchen with a wine cooler. Residents benefit from elite amenities including a doorman, pool, and gym, plus proximity to top-rated Aragon High School. This is a sophisticated sanctuary for Luxury Seekers and Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 W 3rd Avenue 601 Subject | $3,000,000* List Price | 2 | 3 | 2,800 | $1,097 | - |
A 24 Mounds Road A Active | $2,400,000 List Price | 2 | 2 | 2,100 | $1,143 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was constructed in 1980, the unit has undergone a high-end renovation within the last 5 years. The kitchen is fully modernized with white shaker cabinetry, stone countertops, and stainless steel appliances including a wine cooler. The interior features updated hardwood flooring, recessed lighting, and central HVAC, all maintained in mint condition.
Boasting an impressive 2,800 square feet, this unit offers a rare level of spaciousness for a condominium, featuring high ceilings and a versatile layout that includes a formal dining room and a dedicated library/den.
Situated in the heart of San Mateo, the property provides exceptional walkability to premium restaurants, boutique shops, and local amenities, offering a vibrant urban lifestyle.
The building provides a full-service experience with a doorman, secure elevator access, and extensive recreational facilities including a pool, spa, sauna, gym, and a shared rooftop deck.
The association fee of $2,319 per month is substantial and represents a significant recurring expense that may deter budget-conscious buyers.
At a $3 million valuation, the two-bedroom configuration may limit the buyer pool, as many purchasers in this price range often seek a minimum of three bedrooms for families or guests.
Welcome to luxury living at the Towers in the heart of San Mateo! This stunning 2BR/2.5BA condo offers an expansive 2,800 SF of modern elegance. Step inside to find high ceilings, sleek hardwood floors, recessed lighting, and plenty of natural light streaming through a multitude of windows. The open layout features a spacious foyer, formal dining room, and a cozy library/den, perfect for working from home or unwinding. The sunlit kitchen is complete with a breakfast nook, cooktop, range hood, dishwasher, refrigerator, and even a wine cooler for entertaining. The private primary ensuite boasts a walk-in closet, a large shower and generous primary bedroom. A small private patio off kitchen offers a serene outdoor space, while the building includes shared rooftop deck, patios, and common outdoor areas. Amenities include pool/spa, sauna, gym, game room, and media/recreation room. With a doorman, elevator access, & security features like an electric gate and voice intercom, convenience and peace of mind are yours. Add'l features include central AC/heating, an in-unit washer/dryer and private storage Located near downtown San Mateo, this condo combines convenience, style, and easy access to downtown restaurants, shops and library
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 91% |
| Square foot | 2,800 | 1,238 | 91% |
| Lot Size | - | - | 50% |
| Price | $3.00M | $965.0K | 91% |
| Price per sq ft | $1.1K | $789 | 82% |
| Built year | 1980 | 1994 | 36% |
| HOA | $2319.0 | $1.6K | 55% |
| Days on market | 45 | 86 | 9% |
Apr 22, 2026
$3,000,000
Initial Listing