
San Diego, California 92109
This Luxury Coastal Penthouse is listed at $2,139,000—positioned well below the $2,163,382 Fair Market Value by 1%. This valuation gap offers $24,382 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating following a high-end designer remodel, the residence features lava rock leather-finish countertops, Café Series appliances, and sweeping Sail Bay and ocean views. Located within the boundary of the 10/10 Bird Rock Elementary School, this turnkey sanctuary 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 251 Subject | $2,139,000* List Price | 2 | 2 | 1,559 | $1,388 | - |
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 152 Active | $2,175,000 List Price | 2 | 2 | 1,559 | $1,395 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1974, this residence has undergone a complete, high-end professional renovation within the last year. The kitchen features brand-new black Café Series appliances, custom cabinetry, and unique lava rock leather-finish countertops. Bathrooms are fully updated with spa-inspired finishes, Restoration Hardware vanities, and West Elm lighting. With all-new interior components and modern designer aesthetics, the property shows no deferred maintenance and meets the highest quality standards.
Elementary School: Bird Rock Elementary School (10/10).
Positioned on the top floor with a western orientation, this residence offers rare, sweeping vistas of Sail Bay and the Pacific Ocean, providing exceptional sunset views from nearly every room.
The property features a comprehensive, Hawaiian-inspired renovation with luxury finishes including lava rock leather-finish countertops, Café Series appliances, and premium fixtures from Restoration Hardware and West Elm.
The property was recently sold within the past year on 2025-07-08. The sold price is $1,600,000.00.
The monthly association fee of $1,440 is substantial, which may impact the overall affordability and investment yield for potential buyers.
While the unit itself is modern, the 1974 construction date suggests the potential for aging common area infrastructure and future maintenance assessments typical of older complexes.
Perched on the top floor of Bay Scene directly on Sail Bay, this rare residence offers one of the most coveted view lines in the community — sweeping western-facing bay vistas with ocean views beyond. Spanning 1,559 square feet, this completely remodeled 2-bedroom, 2-bath home is the ultimate coastal retreat, blending sexy Hawaiian-inspired design with modern beachfront luxury. The open living space is anchored by a dramatic stone-clad fireplace and flows seamlessly into a show-stopping kitchen featuring brand-new contrasting black and warm wood-tone cabinetry, lava rock leather-finish countertops, and sleek black Café Series appliances. Designed for both entertaining and everyday living, the layout captures breathtaking sunsets and shimmering water views from nearly every room. The primary suite is a true sanctuary with a walk-in closet and a spa-inspired bathroom showcasing gorgeous tile work, a Restoration Hardware vanity, and West Elm lighting. The guest bathroom is equally refined with elevated finishes throughout. A dedicated laundry room and generous storage complete the home’s effortless functionality. Residents enjoy resort-style community amenities including a pool, spa, outdoor showers, barbecues, recreation room, and fitness room — perfect for relaxing, entertaining, and embracing the coastal lifestyle. Whether as a full-time residence or the perfect lock-and-leave second home, this home delivers an unparalleled Sail Bay lifestyle — where every day feels like a luxury beachfront getaway.
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 | 1,009 | 90% |
| Lot Size | 87,193 | 4,806.8 | 87% |
| Price | $2.14M | $910.0K | 93% |
| Price per sq ft | $1.4K | $924 | 81% |
| Built year | 1974 | 1975 | 32% |
| HOA | $1440.0 | $500 | 93% |
| Days on market | 72 | 148 | 10% |
Apr 2, 2026
$2,139,000
$2,299,000
-7% Price Drop
Initial Listing
Feb 9, 2026
$2,299,000
Initial Listing
Jul 8, 2025
$1,600,000
Public Record