
San Diego, California 92109
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $2,100,000—positioned well below the $2,234,145 Fair Market Value by 6%. This valuation gap offers $134,145 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this home boasts a high-end Hawaiian-inspired remodel, sweeping bay and ocean views, and access to top-rated schools like Bird Rock Elementary. It is an ideal sanctuary for luxury-seeking professionals or discerning second-home buyers desiring a resort-style lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 Gresham St 251 Subject | $1,999,000* List Price | 2 | 2 | 1,559 | $1,292 | - |
A 3916 Riviera Dr Unit 504 Sold | $1,440,000 | 2 | 2 | 1,237 | $1,164 | 0.1 mi |
B 1221 Parker Pl 15 Sold | $1,725,000 | 2 | 2 | 1,267 | $1,361 | 0.2 mi |
C 3920 Riviera Drive #u Sold | $1,525,000 | 3 | 2 | 1,423 | $1,072 | 0.1 mi |
D 1235 Parker Pl 1f Sold | $1,550,525 | 2 | 2 | 1,034 | $1,500 | 0.2 mi |
E 3957 Lamont St Sold | $1,430,000 | 2 | 3 | 1,439 | $994 | 0.6 mi |
F 3940 Gresham St 152 Active | $1,895,000 List Price | 2 | 2 | 1,559 | $1,216 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete high-end remodel featuring a brand-new kitchen with Café Series appliances, lava rock countertops, and fully updated spa-inspired bathrooms. Although built in 1974, the recent renovation (under 5 years) and visible modern systems like mini-split HVAC place it in mint condition.
Elementary School: Bird Rock Elementary School (10/10).
Positioned on the top floor with a western-facing orientation, this residence offers rare, sweeping vistas of Sail Bay and the Pacific Ocean, providing some of the best sunset views in the community.
The interior features a sophisticated Hawaiian-inspired renovation with premium finishes, including lava rock leather-finish countertops, Café Series appliances, and 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 association fee is $1,440 per month, which represents a significant recurring cost that may impact the overall affordability and appeal for some buyers.
While the unit itself is completely remodeled, the building was constructed in 1974, which may lead to concerns regarding the aging of common infrastructure and long-term maintenance of the 50-year-old complex.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,559 | 999 |
| Lot Size | 87,193 | 84,697.5 |
| Price | $2.00M | $604.2K |
| Price per sq ft | $1.3K | $618 |
| Built year | 1974 | 1985 |
| HOA | $1440.0 | $500 |
| Days on market | 41 | 53 |
Jul 11, 2026
$1,999,000
$2,100,000
-5% Price Drop
Initial Listing
Jun 11, 2026
$2,100,000
Initial Listing
Jul 8, 2025
$1,600,000
Public Record