Top Listing: St. Regis Residences, San Francisco

Talking about the "top" seems to be in fashion. There are shows for Top Chefs, Top Models, and more. Not to be left out, I'm going to start a new weekly feature called "Top Listing".

Here is how it works: Each week, I am going to pick a community, or a luxury hise rise building, and feature the most expensive listing currently available, talk about what you get for the investment, and discuss the market trends.

There is a certain glitz and glamour associated with hotel living, and hotel residences certainly are of appeal. So, for the pilot espisode, I am going to start with the St. Regis Residences in San Francisco.

The top listing for this luxurious hotel residence tower is unit #31B which is currently offered for, at the time of writing, $2,698,000. Major props to Robyn Kaufman at Pacific Union for the fabulous listing. [Editorial comment: If your listing is featured here, this is not intended to be a solicitation for that listing. It is intended to educate our fine readers about opportunities in the San Francisco luxury real estate market]

This corner unit has 2 bedrooms, 2.5 bathrooms, and approximately 1,731 square feet of living space. The open floor plan has gorgeous western views, a gourmet kitchen with Poggenpohl cabinetry, gas cooktop, and convection oven, large master bedroom dressed in Merbau hardwoord floors, limestone capped window ledges, custom shutters and custom paint, and a grand master bathroom all dressed up in Carerra marble. You can view a slideshow online.

Residents enjoy their own exclusive lobby. Service in the cutting edge residential tower is forward thinking and individualized with impeccable attention to detail. Residents have direct access to the hotel, Ame restaurant, and hotel lounge. For more information about the fabulous amenities of the St. Regis Hotel, San Francisco, please see my previous article discussing the hotel.

The discussion would not be complete without doing a little financial analysis on the property. Take a look at the chart below showing the price trend for the top quartile of the condo market in the South of Market area of San Francisco:

This area has certainly taken a dip in this challenging economic environment, and the high-end luxury market certainly has not been spared.

There have been eight (8) sales in the building this year with an average price of $2,689,375. The lowest price sale was $2,100,000 for unit #25F and the highest price sale was $3,950,000 for unit #33A. The two most recent sales for B units are #37B (slightly smaller with 1,639 sq ft) selling for $2,500,000 and #22B (slightly larger with 1,805 sq ft) selling for $2,600,000. Both units sold in July 2008.

To learn more about this fabulous property, or to schedule a private showing, please contact me.