389 First Street 31, Los Altos, California 94022, Los Altos, 94022 - 2 bed, 3 bath
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Los Altos, California 94022
This Ultra-Luxury New Construction Penthouse is listed at $2,599,000, aligning perfectly with its $2,599,000 Fair Market Value. Boasting an Excellent Condition Rating, this 2024 residence features a chef’s kitchen with Wolf and Sub-Zero appliances, rift-sawn oak cabinetry, and a 244-square-foot private deck with panoramic mountain views. Located in the heart of downtown Los Altos, the property offers unparalleled walkability and access to Top-Rated Los Altos Schools. This sophisticated sanctuary is an elite choice for luxury-seeking professionals or Owner-Occupants desiring a maintenance-free, high-end 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 86 3rd Street 203 Sold | $2,795,000 | 3 | 2 | 1,440 | $1,941 | 0.3 mi |
C 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 penthouse construction in mint condition. The property features high-end Wolf and Sub-Zero appliances, rift-sawn white oak cabinetry, and Caesarstone quartz countertops. Modern systems include a tankless water heater, Nest thermostats, and heated bathroom flooring, requiring zero maintenance.
Situated in the heart of downtown Los Altos, this property offers exceptional walkability to premium amenities including Draeger's, Los Altos Grill, and the vibrant shops on Main and State Streets.
Built in 2024, this penthouse features high-end finishes such as Sub-Zero and Wolf appliances, rift-sawn white oak cabinetry, heated primary bath flooring, and 9-14 foot ceilings.
The unit includes a substantial 244-square-foot private deck plus access to a communal rooftop deck with a kitchen and fire-table, providing rare outdoor space with panoramic mountain and bay views.
The property was recently sold within the past year on 2025-06-12. The sold price is $1,500,000.00.
At a list price of $2,599,000 for 1,303 square feet, the property commands a significant premium of nearly $2,000 per square foot, which may limit the buyer pool.
Despite the luxury finishes, the 1,303-square-foot footprint and two-bedroom configuration may feel restrictive for buyers seeking more spacious living areas or dedicated home office space.
Limited-time incentive: Seller to credit Buyer 12 months of HOA dues at close of escrow! Offer valid through June 30, 2026. 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*level 4-5 finish on walls*9-14 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 | 70% |
| Square foot | 1,303 | 1,317.5 | 50% |
| Lot Size | - | - | 50% |
| Price | $2.60M | $2.40M | 50% |
| Price per sq ft | $2.0K | $1.5K | 80% |
| Built year | 2024 | 2011 | 80% |
| HOA | $762.0 | $764 | 50% |
| Days on market | 98 | 202 | 30% |
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