
San Diego, California 92109
This Exquisite Waterfront Penthouse is listed at $2,175,000, offering exceptional value positioned accurately at its $2,186,582 Fair Market Value. Boasting a Renovated Condition Rating, the residence features a modern quartz kitchen, marble fireplace, and panoramic Sail Bay views visible from nearly every room. Residents enjoy resort-style amenities and access to the prestigious Bird Rock Elementary (10/10). This move-in ready sanctuary delivers a premier coastal lifestyle with no shared living walls for maximum privacy. It is an ideal match for luxury-seeking families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 Gresham St 152 Subject | $2,175,000* List Price | 2 | 2 | 1,559 | $1,403 | - |
A 1221 Parker Pl 15 Sold | $1,725,000 | 2 | 2 | 1,267 | $1,361 | 0.2 mi |
B 1235 Parker Place Unit Ph-f Sold | $1,750,000 | 2 | 2 | 1,044 | $1,676 | 0.2 mi |
C 1145 Pacific Beach Dr 107 Sold | $1,950,000 | 2 | 3 | 1,714 | $1,138 | 0.3 mi |
D 1235 Parker Pl 1f Sold | $1,550,525 | 2 | 2 | 1,034 | $1,500 | 0.2 mi |
E 4465 Ocean Blvd Unit 1 Sold | $1,660,000 | 2 | 2 | 1,140 | $1,456 | 0.8 mi |
F 4465 Ocean Blvd 11 Sold | $1,550,000 | 3 | 2 | 1,290 | $1,202 | 0.8 mi |
G 3940 Gresham St 251 Active | $2,299,000 List Price | 2 | 2 | 1,559 | $1,475 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1974, this penthouse has undergone an extensive recent renovation that brings it to current quality standards. The kitchen features modern soft-close cabinetry, quartz countertops, and stainless-steel appliances, while the bathrooms have been updated with contemporary floating vanities and vessel sinks. With new flooring, recessed lighting, and high-end finishes throughout, the property shows no deferred maintenance and presents as a virtually new interior.
Elementary School: Bird Rock Elementary School (10/10).
As a top-floor penthouse on Sail Bay, the property offers rare panoramic southwest vistas of the bay and Pacific Ocean visible from nearly every room.
The interior features high-end finishes like quartz countertops and marble accents, complemented by a unique layout with no shared living-area walls for maximum privacy.
The monthly HOA fee of $1,440 represents a significant recurring cost that may impact the overall carrying costs for the owner.
Despite the modern interior renovations, the 1974 construction date may lead to concerns regarding long-term maintenance or future capital assessments for the aging complex.
Gracing the shoreline of Sail Bay, this exceptional top-floor penthouse in Bay Scene’s coveted Tower One offers refined waterfront living with sweeping southwest views of the bay and Pacific horizon. Framed by a majestic 150-year-old Torrey Pine, panoramic vistas extend from the living room, dining area, kitchen, and both bedrooms. Spanning approximately 1,559 square feet, the beautifully renovated two-bedroom, two-bath residence is designed for privacy and functionality, with no shared living-area walls, ideal bedroom separation, marble surround fireplace, in-unit laundry, and ample storage. Timeless finishes include a remodeled kitchen with quartz countertops, soft-close cabinetry, and stainless-steel appliances. A covered balcony invites you to relax and enjoy the coastal scenery. The home includes two assigned underground parking spaces and access to a secure garage with car-washing area. Bay Scene is Sail Bay’s premier bayfront condominium community, offering resort-style amenities: a heated waterfront pool and spa, BBQ areas, fitness center, clubhouse, kayak and paddleboard storage, elevators, secure entry, and direct access to the sand and boardwalk. Just moments from the ocean, parks, shops, and dining, this rare penthouse delivers luxury coastal living at its finest.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,559 | 1,000 | 90% |
| Lot Size | 87,193 | 4,822 | 86% |
| Price | $2.17M | $895.0K | 93% |
| Price per sq ft | $1.4K | $915 | 81% |
| Built year | 1974 | 1975 | 32% |
| HOA | $1440.0 | $500 | 93% |
| Days on market | 53 | 148 | 9% |
Feb 28, 2026
$2,175,000
Initial Listing
Sep 18, 2014
$865,000
Public Record