
San Diego, California 92109
This Stunning Oceanfront Penthouse is a Strong Value Opportunity, listed at $3,200,000—positioned well below the $3,257,184 Fair Market Value by 1%. This valuation gap offers $57,184 in Instant Equity. Featuring a Condition Rating of 3, the unit offers panoramic ocean views, a private elevator, and high-end travertine finishes. Located near top-rated schools like Bay Park Elementary, this property provides a rare, move-in ready coastal lifestyle. It is an ideal acquisition for Luxury Homeowners or Sophisticated Investors seeking a premier beachside asset.
Property is move-in ready.
Built in 1984 with a high-quality renovation likely completed 10-15 years ago. The property features well-maintained travertine flooring, solid wood interior doors, and a functional kitchen with stone countertops and stainless steel appliances. While the kitchen cabinetry and backsplash style are beginning to show their age, the unit is move-in ready, exceptionally clean, and features updated bathroom elements like a rain glass shower and jetted tub.
Elementary School: Bay Park Elementary School (9/10).
This penthouse offers a rare 'True Ocean Front' experience with panoramic views and a spacious private patio, providing an unparalleled coastal lifestyle in South Mission Beach.
Featuring no shared walls and a private elevator that opens directly into the unit, this property provides the seclusion of a single-family home with the convenience of condominium living.
With 52 days on the market and a recent $199,000 price reduction, the property may be facing challenges in aligning its value proposition with current buyer expectations in the luxury segment.
Constructed in 1984, the property may require updates to its mechanical systems or aesthetic modernization to compete with newer ultra-luxury developments in the area.
South Mission Beach Penthouse on the Ocean Front it has Panoramic views, is very light and bright has an open plan living area with so many windows with a good sized patio area facing the Ocean, large enough for seating which also features amazing views! The pictures tell the story ! There are travertine floors, great details and solid wood interior doors. The main bathroom has a rain glass shower and features a jetted tub the sinks are copper. This penthouse is on one level with minimum stairs to the property , there is also an elevator which goes directly into the unit. The third bedroom features a pull down built in bed so for practical purposes would also double as an office or other purposed room? No shared walls ! True Ocean Front !!
No exterior & parking available.
Grades K-5 • 2.3 mi
Grades K-5 • 3.3 mi
Grades K-5 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,615 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $3.20M | $598.4K |
| Price per sq ft | $2.0K | $607 |
| Built year | 1984 | 1986 |
| HOA | $450.0 | $536 |
| Days on market | 64 | 58 |
Sep 22, 2026
$3,200,000
$3,399,000
-6% Price Drop
Initial Listing
Aug 22, 2026
$3,399,000
Initial Listing
Oct 11, 2010
$1,295,000
Public Record
Jun 28, 2006
$1,775,000
Public Record