389 First Street 31, Los Altos, California 94022, Los Altos, 94022 - 2 bed, 3 bath

389 First Street 31, Los Altos, California 94022 home-pic-0
ACTIVE$2,998,000
389 First Street 31, Los Altos, California 94022
2Beds
3Baths
1,303Sqft
Lot
Year Built
2024
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$2,301
HOA
$762
Days on market
-
Sold On
-
MLS number
ML82014829
Home ConditionExcellent
Features
Good View: Bay, City Lights, Hills, Mountain(s)
Deck
Patio
ViewBay,City Lights,Hills,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $3.00M(69th), sqft - 1303(38th), beds - 2(50th), baths - 3(77th).

Penthouse level in a new luxury condominiums in downtown Los Altos*only 10 residential units*fitness center*roof top deck with full kitchen, seating, fire-table, and barbecue with views*two interior courtyard gardens*2-hour fire rated for added safety*extra layers of drywall for sound*gas fireplaces*heated flooring in primary bath*curb-less shower w/linear drains and bench seat*La Cantina bifold doors to pedestal balcony*bidet toilet in primary bath*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 at grade*shared bike storage room*one parking space per bedroom*extra wide and tall hallways*custom solid oak-stained stairway in shared areas*elevator finished with gold metal, an end-cut, butcher block & white oak flooring*custom Los Altos art throughout the building to help feel at home*everything you would expect in a luxury development* conveniently located in downtown Los Altos and an easy walk to Draegers/Los Altos Grill/Safeway/Main Street/State Street,&more*Los Altos Schools

Price History

Date
Event
Price
07/16/25
Listing
$2,998,000
Condition Rating
Excellent

This property was built in 2024, making it brand new. The listing details explicitly state 'new luxury condominiums' and highlight high-end features such as Wolf and Sub-zero appliances, real white oak flooring, Caesarstone quartz countertops, heated primary bath floors, curb-less showers, and Nest thermostats. The images confirm a pristine, modern aesthetic with top-tier finishes and appliances in the kitchen and bathrooms, consistent with new construction and luxury standards. There is no deferred maintenance or physical depreciation.
Pros & Cons

Pros

Prime Downtown Los Altos Location & Top Schools: Situated in the heart of downtown Los Altos, offering exceptional walkability to premium dining, shopping, and essential services (Draegers, Safeway, Main/State Street). The property also benefits from access to highly-rated Los Altos Schools.
Brand New Luxury Construction & High-End Finishes: Completed in 2024, this penthouse unit boasts new luxury construction with premium features including Wolf and Sub-zero appliances, real white oak flooring, Caesarstone quartz countertops, heated primary bath floors, and 9-14 foot ceiling heights, reflecting superior craftsmanship.
Exclusive Penthouse Unit with Panoramic Views: As a penthouse unit in a development with only 10 residential units, it offers exclusivity. The property, including the shared rooftop deck, provides stunning views of the Bay, City Lights, Hills, and Mountains.
Exceptional Amenities & Smart Home Integration: Residents enjoy a fitness center, two interior courtyard gardens, a lavish rooftop deck with a full kitchen and fire-table, private storage, shared bike storage, and modern conveniences like Nest thermostats and a tankless water heater.
Superior Safety & Soundproofing: The building features 2-hour fire-rated construction and extra layers of drywall with solid core doors for enhanced sound insulation, providing a quiet and secure living environment.

Cons

High Monthly Association Fee: The association fee of $762.00 per month is substantial and represents a significant ongoing cost that potential buyers must factor into their budget.
Modest Square Footage for Price Point: With 1303 square feet, the unit's size may be considered modest for a property listed at nearly $3 million, potentially limiting appeal for buyers seeking more expansive living spaces at this luxury price point.
Limited Private Outdoor Space: While there is a shared rooftop deck, the unit's private outdoor space appears to be limited to a 'pedestal balcony,' which might not meet the expectations of all luxury buyers desiring more substantial private outdoor living areas.

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