389 First Street 31, Los Altos, California 94022, Los Altos, 94022 - 2 bed, 3 bath
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Los Altos, California 94022
This Luxury Penthouse Residence is listed at $2,599,000, aligning perfectly with its $2,599,000 Fair Market Value. Boasting a Mint Condition Rating, this 2024 new construction features ultra-premium Sub-Zero and Wolf appliances, rift-sawn white oak cabinetry, and soaring 9-14 foot ceilings. The lifestyle is elevated by a 244-square-foot private deck offering panoramic Bay and mountain views, all within walking distance to downtown Los Altos and top-rated Los Altos Schools. This turnkey sanctuary is an elite choice for luxury-seeking professionals or Owner-Occupants desiring a sophisticated, maintenance-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 389 First Street 31 Subject | $2,599,000* List Price | 2 | 3 | 1,303 | $1,995 | - |
A 450 First Street 101 Sold | $2,199,000 | 1 | 2 | 1,096 | $2,006 | 0.1 mi |
B 450 First Street 202 Active | $2,798,000 List Price | 2 | 3 | 1,407 | $1,989 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand new 2024 luxury construction in mint condition. It features high-end Sub-Zero and Wolf appliances, modern systems including tankless water heaters and Nest thermostats, and premium finishes such as rift-sawn white oak cabinetry and heated bathroom flooring.
Situated in the heart of downtown Los Altos, this property offers exceptional walkability to premier destinations like Draeger's Market, Los Altos Grill, and the shops on Main and State Streets.
The unit features high-end appointments including Sub-Zero and Wolf appliances, rift-sawn white oak cabinetry, heated primary bath flooring, and La Cantina bifold doors, ensuring a sophisticated living experience.
As a top-floor unit, it boasts soaring 9-14 foot ceilings, a substantial 244-square-foot private deck, and panoramic views of the Bay, city lights, and mountains.
The property was recently sold within the past year on 2025-06-12. The sold price is $1,500,000.00.
Priced at approximately $1,995 per square foot, this property sits at a significant premium compared to broader market averages, which may limit the pool of value-conscious buyers.
With only 1,303 square feet of interior living space, the two-bedroom layout may feel restrictive for luxury buyers accustomed to more expansive residential footprints in the Los Altos area.
Limited-time incentive: Seller to credit Buyer 12 months of HOA dues at close of escrow! Offer valid through June 30, 2026. Call listing agent. Penthouse level in a new luxury condominiums in downtown Los Altos*only 10 residential units*fitness center*roof top deck w/kitchen, fire-table, and barbecue with views*2-hour fire rated for added safety*extra layers of drywall for sound*additional approx. 244sf private deck space*gas fireplaces*heated flooring in primary bath*curb-less shower w/linear drains*La Cantina bifold doors to pedestal balcony*bidet toilet in primary*gas Wolf cooktop*Sub-zero appliances*slow-close rift sawn real white oak cabinetry*real white oak 7.5 inch plank flooring*Caesarstone quartz counter top and backsplash*backlit and defogging mirrors*solid core doors*up to 14 foot unit ceiling height* washer & dryer included*tankless water heater*nest thermostats*private storage locker*shared bike storage room*2 parking spaces*extra wide and tall hallways*custom solid oak-stained stairways*end-cut, butcher block & white oak flooring*custom Los Altos art throughout the building*everything you would expect in a luxury development* located in downtown Los Altos and an easy walk to Draegers/Los Altos Grill/Safeway/Main Street/State Street,&more*Los Altos Schools
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,303 | 1,200 | 60% |
| Lot Size | - | - | 50% |
| Price | $2.60M | $2.20M | 60% |
| Price per sq ft | $2.0K | $1.5K | 60% |
| Built year | 2024 | 2009 | 60% |
| HOA | $762.0 | $762 | 50% |
| Days on market | 143 | 128 | 80% |
Apr 16, 2026
$2,599,000
$2,788,000
-7% Price Drop
Initial Listing
Jan 14, 2026
$2,788,000
Initial Listing
Jun 12, 2025
$1,500,000
Public Record