
San Francisco, CA 94107
This Modern South Beach Condominium represents a Strong Value Opportunity, listed at $689,500—positioned well below the $637,594 Fair Market Value by -8%. Featuring a Condition Rating of 3, this move-in ready residence includes high-end Studio Becker cabinetry, Bosch appliances, and a private terrace. Its prime transit-oriented location near the light rail and major tech hubs ensures long-term utility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, low-maintenance urban lifestyle in San Francisco.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 4th Street 609 Subject | $689,500* List Price | 1 | 1 | 691 | $923 | - |
A 260 King Street 631 Sold | $596,000 | 1 | 1 | 693 | $860 | 0.2 mi |
B 855 Folsom Street 127 Sold | $689,000 | 1 | 2 | 740 | $931 | 0.3 mi |
C 829 Folsom Street 216 Sold | $535,000 | 1 | 1 | 712 | $751 | 0.3 mi |
D 260 King Street 529 Sold | $495,000 | 1 | 1 | 600 | $825 | 0.2 mi |
E 855 Folsom Street 311 Sold | $729,000 | 1 | 2 | 787 | $926 | 0.3 mi |
F 219 Brannan Street Sold | $827,000 | 1 | 1 | 723 | $1,144 | 0.4 mi |
G 821 Folsom Street Active | $625,000 List Price | 1 | 1 | 662 | $944 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is well-maintained and move-in ready. The kitchen features high-end Bosch appliances and a new Samsung refrigerator, while the bathroom includes a marble-topped vanity and a newly installed toilet. The overall condition is functional and modern, fitting the 10-20 year criteria for a well-kept residence.
Situated in the heart of South Beach with a light rail stop at the doorstep and proximity to Caltrain and major highways, offering unparalleled commuter convenience.
The home features premium Studio Becker cabinetry, quartz countertops, and a suite of Bosch and Samsung appliances, providing a luxury feel within a functional layout.
The inclusion of deeded garage parking and a private terrace adds significant utility and long-term value in a dense metropolitan environment.
The current list price is substantially lower than the 2020 sale price of $826,500, reflecting a notable decline in market value for this specific unit or micro-market.
Proximity to the 4th Street light rail and major event venues like Oracle Park may lead to increased ambient noise and heavy foot traffic during peak hours.
Residence 609 at The Palms is a bright and well-appointed one-bedroom, one-bathroom home offering approximately 691 square feet of living space, a private terrace, and one-car garage parking in the heart of South Beach. Floor-to-ceiling windows bring in abundant natural light throughout the home, while the thoughtfully designed layout balances open living spaces with practical storage and functionality. Additional features include a coat closet, pantry storage, and in-unit Samsung washer and dryer. The open living and dining area connects seamlessly to the kitchen and breakfast bar, creating a comfortable flow between the home's primary living spaces. The kitchen is finished with quartz countertops and Studio Becker two-tone cabinetry with slow-close drawers, complemented by a suite of Bosch appliances including a built-in oven, convection cooktop, microwave, and dishwasher, along with a new Samsung refrigerator. The oversized bedroom offers exceptional flexibility, featuring a window nook ideal for a desk or work-from-home setup with outlooks toward the city. The bathroom features a marble-topped Studio Becker vanity, shower-over-tub configuration, and a newly installed 1.2 gallon flow toilet. Residents enjoy access to The Palms' amenities including concierge desk, landscaped common gardens, fitness center, and theater room. The 4th Street light rail stop is located directly outside the building, offering convenient access throughout the city while remaining positioned away from Residence 609 itself. Ideally located moments from Oracle Park, Chase Center, Caltrain Station, MUNI, Highways 101 and 280, as well as neighborhood restaurants, bars, breweries, and grocery stores, including Whole Foods Market just two blocks away. Deeded parking included.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 45% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 691 | 1,072.5 | 19% |
| Lot Size | 63,237 | 19,200.13 | 76% |
| Price | $689.5K | $899.5K | 26% |
| Price per sq ft | $998 | $920 | 63% |
| Built year | 2006 | 2001 | 73% |
| HOA | $621 | $846 | 21% |
| Days on market | 39 | 203 | 2% |
Apr 28, 2026
$689,500
Initial Listing
Aug 24, 2020
$826,500
Public Record
Oct 2, 2006
$598,000
Public Record