700 Front St 505, San Diego, California 92101, San Diego, 92101 - 2 bed, 3 bath

700 Front St 505, San Diego, California 92101 home-pic-0
ACTIVE$2,750,000
700 Front St 505, San Diego, California 92101
2Beds
3Baths
2,880Sqft
59,761Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Luxury Building & Service: The Meridian is explicitly highlighted as San Diego's sole 5-star luxury building, offering exceptional services such as valet parking and security concierge, setting it apart in the market.
Top Cons:
Substantial Monthly Association Fees: The association fee of $2,597.00 per month is exceptionally high, representing a significant ongoing cost for potential buyers.

Compared to the nearby listings

Price:$2.75M vs avg $699.0K (+$2,051,000)98%
Size:2,880 sqft vs avg 1,056 sqft99%
Price/sqft:$955 vs avg $69488%

More Insights

Built in 1986 (39 years old).
Condition: Despite the building's 1986 construction, the unit has undergone extensive, high-end renovations, as evidenced by 'refinished hardwood flooring, brand new California closet systems, premium motorized window treatments, high-end appliances, and recessed lighting.' The description highlights 'sleek contemporary decor' and '5-star luxury,' indicating that the kitchen and bathrooms feature modern styles and top-tier finishes. The mention of 'brand new' components strongly suggests these renovations were completed within the last five years, bringing the unit's condition to a virtually new standard, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Year Built
1986
Close
-
List price
$2.75M
Original List price
$3M
Price/Sqft
$955
HOA
$2,597
Days on market
-
Sold On
-
MLS number
240029052SD
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

This exceptionally distinctive townhome-style unit, situated at the southwest corner of the 4th and 5th floors, offers expansive interior spaces that create a living experience akin to that of a traditional home. The four generous outdoor patios provide a tranquil retreat. Featuring a striking color palette, this residence showcases sleek contemporary decor while residing in a building that exemplifies five-star service and unparalleled distinction, a rarity in today's market. Enhanced with refinished hardwood flooring, brand new California closet systems, premium motorized window treatments, high-end appliances, recessed lighting, in-unit laundry, an electric fireplace, and numerous additional features, this home is truly remarkable. The building boasts a full array of amenities, including valet parking, security concierge, and an impressive outdoor plaza level complete with a pool, spa, firepit, health club, barbecue area, and a park-like environment that softens the surrounding urban landscape. Meeting rooms, lounges, and Guest suites are available for visitors and are managed by the building staff. The Meridian stands as San Diego's sole building that genuinely embodies 5-star luxury. Once experienced, the distinction is unmistakable.

Nearby schools

5/10
Washington Elementary School
Public,K-50.8mi
5/10
Roosevelt International Middle School
Public,6-82.1mi
Condition Rating
Excellent

Despite the building's 1986 construction, the unit has undergone extensive, high-end renovations, as evidenced by 'refinished hardwood flooring, brand new California closet systems, premium motorized window treatments, high-end appliances, and recessed lighting.' The description highlights 'sleek contemporary decor' and '5-star luxury,' indicating that the kitchen and bathrooms feature modern styles and top-tier finishes. The mention of 'brand new' components strongly suggests these renovations were completed within the last five years, bringing the unit's condition to a virtually new standard, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Unrivaled Luxury Building & Service: The Meridian is explicitly highlighted as San Diego's sole 5-star luxury building, offering exceptional services such as valet parking and security concierge, setting it apart in the market.
Spacious Townhome-Style Living: With expansive 2880 sqft interior spaces, this unit provides a living experience akin to a traditional home, a significant advantage for a condominium.
Extensive High-End Renovations: The residence boasts numerous premium upgrades including refinished hardwood flooring, brand new California closet systems, premium motorized window treatments, and high-end appliances.
Abundant Private Outdoor Space: The unit features four generous outdoor patios, offering substantial private outdoor living and retreat areas, which is a rare and desirable amenity for a condo.
Comprehensive Resort-Style Amenities: The building provides a full array of luxury amenities, including a pool, spa, firepit, health club, barbecue area, meeting rooms, lounges, and guest suites, creating a resort-like environment.

Cons

Substantial Monthly Association Fees: The association fee of $2,597.00 per month is exceptionally high, representing a significant ongoing cost for potential buyers.
Premium Price Point: The list price of $2.75 million, even after a reduction from $2.995 million, places this property in a very exclusive market segment, potentially limiting the pool of interested buyers.
Building Age: Constructed in 1986, the building is nearly 40 years old. While the unit is extensively updated, some luxury buyers may prefer newer construction with more contemporary building-wide infrastructure and design.

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