500 N Street 1607, Sacramento, CA 95814, Sacramento, 95814 - 2 bed, 2 bath
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Sacramento, CA 95814
This Iconic Downtown Penthouse is listed at $499,950, representing a premium residence positioned near its $478,020 Fair Market Value. Boasting a Condition Rating of 4, the home features updated flooring and fresh paint, while the kitchen and baths offer a canvas for future modernization to maximize value. The residence is defined by panoramic views of the State Capitol and skyline through floor-to-ceiling windows. With luxury amenities including a pool, spa, and gym, this property offers an elite lifestyle steps from the Golden 1 Center and Sutter Middle School. It is an ideal match for Urban Professionals or Owner-Occupants seeking a sophisticated city sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 N Street 1607 Subject | $499,950* List Price | 2 | 2 | 1,261 | $379 | - |
A 1026 P Street Sold | $365,000 | 2 | 2 | 840 | $435 | 0.4 mi |
B 1008 P Street 1 Sold | $362,000 | 2 | 2 | 778 | $465 | 0.4 mi |
C 500 N Street 402 Pending | $429,900 List Price | 2 | 2 | 1,261 | $341 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the unit features recent cosmetic improvements such as new flooring, paint, and a new stove, the core high-value areas remain dated. The kitchen and bathrooms retain older cabinetry and tile countertops consistent with a 20+ year old renovation or original 1981 finishes, requiring modernization to meet current market standards.
As a top-floor corner unit, this residence features floor-to-ceiling windows and an expansive private balcony offering panoramic views of the State Capitol and the Sacramento skyline.
The property is situated in the heart of downtown, providing exceptional walkability to the Golden 1 Center, Capitol Mall, and a diverse array of dining and entertainment districts.
The unit boasts updated flooring, fresh paint, and in-unit laundry, while the building provides high-value amenities including a pool, gym, and secure parking with EV charging access.
Constructed in 1981, the building may lack the energy efficiency of newer developments and could face higher long-term maintenance requirements for common infrastructure.
The property is served by several schools with lower performance ratings, which may be a drawback for families prioritizing high-ranking educational facilities.
Penthouse living in the heart of Downtown Sacramento. Perched on the top floor, this corner penthouse offers sweeping city and treetop views with an expansive private balcony that spans the length of the unit accessible from the living area and both bedrooms. From this elevated vantage point, enjoy morning light, glowing city evenings, and long-range views. The corner location provides an extra west-facing window that opens, creating excellent natural light and cross-breezes throughout the home. Beautiful flooring and an open living space frame iconic sight lines, including views toward the Capitol and downtown skyline, making this residence feel airy, calm, and distinctly above it all. This 2 bed, 2 bath includes floor-to-ceiling windows, Updated flooring, paint, new stove,a stacked laundry unit, and secure underground parking with EV access.Private amenities include a swimming pool and spa, gym, secured entrance. Within one mile, there are dozens of restaurants, breweries, museums, art galleries, parks, shopping, light rail transit, and the riverfront! Just minutes away are NBA basketball, concerts, and other events at the Golden 1 Center, minor league baseball at the River Cats' stadium, outdoor festivals along Capitol Mall, and historic Old Sacramento. Whether you're enjoying a quiet morning coffee above the trees or an evening glass of wine with city lights as your backdrop, this penthouse delivers a rare combination of top-floor privacy, iconic views, and an unbeatable downtown location. Photos have been digitally altered with furniture.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.2 mi
Grades K-2 • 2.3 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 | 1,261 | 1,171 | 55% |
| Lot Size | 54,929,160 | - | 91% |
| Price | $499.9K | $370.0K | 73% |
| Price per sq ft | $396 | $396 | 50% |
| Built year | 1981 | 1981 | 50% |
| HOA | $547 | $500 | 55% |
| Days on market | 110 | 166 | 18% |
Apr 15, 2026
$499,950
$540,000
-7% Price Drop
Initial Listing
Jan 2, 2026
$540,000
Initial Listing
Aug 17, 2005
$395,000
Public Record