
San Diego, California 92104
This Architectural Masterpiece is a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,030,530 Fair Market Value by 1.75%. This valuation gap offers $35,530 in Instant Equity. Featuring an Excellent Condition Rating with $100,000 in recent upgrades, the home includes a 19-foot library, observation decks, and a modern kitchen. Located near the highly-rated McKinley Elementary, this property offers a unique lifestyle for Architectural Enthusiasts or Owner-Occupants seeking a historic, turnkey residence in Burlingame.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3031 Kalmia St Subject | $1,995,000* List Price | 3 | 2 | 1,792 | $1,133 | - |
A 2433 San Marcos Ave. Sold | $1,819,375 | 4 | 2 | 1,926 | $945 | 0.1 mi |
B 2669 San Marcos Sold | $2,225,000 | 3 | 3 | 2,302 | $967 | 0.3 mi |
C 3160 Olive Street Sold | $1,945,000 | 3 | 3 | 1,831 | $1,062 | 0.4 mi |
D 2335 33rd St Sold | $2,199,900 | 3 | 3 | 2,196 | $1,002 | 0.3 mi |
E 3405 Arizona St Sold | $1,530,000 | 3 | 3 | 1,444 | $1,060 | 0.9 mi |
F 3437 Palm Street Sold | $1,490,000 | 3 | 2 | 1,583 | $941 | 0.6 mi |
G 3090 Hawthorn Active | $1,999,999 List Price | 4 | 2 | 1,826 | $1,095 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1953, this property is in mint condition following a major architectural transformation and over $100,000 in recent high-priority upgrades including a newer roof, upgraded electrical panel, foundation repairs, and sewer line improvements. The kitchen is modern with high-end Birdseye maple cabinetry and granite, and the interior features pristine refinished hardwoods and custom millwork, meeting the criteria for a property with significant recent renovations and no deferred maintenance.
Elementary School: McKinley Elementary School (9/10).
Known as 'The Observatory House,' this award-winning residence by Davids & Killory is an internationally recognized masterpiece that seamlessly blends historic Craftsman charm with iconic modern design.
The property boasts a dramatic 19-foot library and dual observation decks offering rare 360-degree panoramic views of Balboa Park, downtown San Diego, and the Pacific coastline.
At nearly $2M for 1,792 square feet of living space, the property commands a high price point that may be a deterrent for buyers prioritizing interior volume over architectural significance.
While the local elementary school is highly rated, the assigned middle and high schools have lower performance scores, which could impact long-term appeal for families.
Set in the heart of historic Burlingame, this architectural masterpiece seamlessly blends historic charm with award winning modern design. Originally built as a Craftsman bungalow, the home was thoughtfully transformed by architects Rene Davids & Christine Killory into a striking residence now famously known as The Observatory House. The defining feature of the home is its iconic stucco & marble clad tower, an architectural landmark that has earned multiple regional & national design awards, including an AIA Honor Award & recognition as San Diego Home & Garden’s Home of the Year. Inside the tower, a dramatic 19-foot library showcases floor to ceiling built-in shelving with space for approximately 5,000 books, a reading room complete with built-in desk & dumbwaiter, & steel stairways leading to two observation decks. From the upper deck, enjoy breathtaking 360 degree panoramic views spanning Balboa Park, downtown San Diego, the Coronado Bridge, Point Loma’s coastline, & the Jamul mountains. The home beautifully preserves many of its original details, including refinished maple hardwood floors, gum wood crown molding & millwork, custom built-ins, & stained glass windows. Designed around a central courtyard, the grand living room with fireplace, spacious formal dining room, breakfast nook with built-in hutch, & private downstairs office all feature French doors that open to the serene outdoor space, filling the home with natural light & creating seamless indoor outdoor living. The thoughtfully designed kitchen features Birdseye maple cabinetry, granite countertops, slate tile flooring, stainless steel appliances, & a charming conversation bench. The home’s 3 bedrooms & 2 bathrooms are designed to embrace the surrounding landscape, with each space overlooking either the peaceful courtyard or lush backyard, ensuring every room enjoys a visual connection to the natural surroundings. Outdoors, an impressive century old ficus tree anchors the backyard retreat featuring a gazebo, custom koi pond with water feature, wood deck, & brick patio creating an idyllic setting for entertaining or relaxing. The detached two car garage offers access from the spacious gated driveway as well as alley access for convenient parking. Recent homeowner upgrades, representing an investment of over $100,000, include a newer driveway gate, foundation repairs, upgraded electrical panel, sewer line improvements, newer water heater, rooftop decking, and a newer roof, all adding significant value to the property. Located minutes from restaurants, cafés, San Diego Zoo, & the Balboa Park Golf Course, this historical legacy offers the rare opportunity to own an internationally recognized architectural treasure in coveted Burlingame.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,792 | 1,156 | 87% |
| Lot Size | 6,400 | 3,920.4 | 88% |
| Price | $2.00M | $1.15M | 94% |
| Price per sq ft | $1.1K | $1.0K | 65% |
| Built year | 1953 | 1935 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 122 | 15% |
Jun 1, 2026
$1,995,000
Initial Listing
Mar 14, 2022
$1,800,000
Public Record
Oct 16, 2000
$411,000
Public Record