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February 22, 2010

Carlisle A Good Option for Seniors in San Francisco


In addition to being a Realtor in San Francisco, I’m on one of the boards at the senior organization On Lok, and also hold a Seniors Real Estate Specialist designation (SRES). So I’m often asked about housing options for seniors in the city. Truth be told, there aren’t many.

But one property I think is worth mentioning is The Carlisle, located at 1450 Post at Gough (technically Lower Pacific Heights). The 93-unit building was constructed in 1992 for seniors age 62 and over. It’s marketed as a luxury residence, so it’s not the answer to affordable living for seniors. But it’s essentially a retirement community for independent, active seniors who want a San Francisco home within walking distance to shops, restaurants and public transportation.

The condos themselves (mostly one bedrooms, with some studios and two bedrooms) range from $150,000-$850,000, and carry monthly fees of $3,000-$4,500+ that include meals, housekeeping, and activity/health centers. Seniors purchasing units at the property tend to be paying all cash, often relocating from outer areas and desiring to spend their retirement years in a more urban, accessible setting.

Sales activity at The Carlisle over the past year has been fairly brisk. Sixteen units have been reported as sold in the MLS since January 2009, ranging in price from $157,000 for a 1BR with 519 square feet to $799,000 for a 1BR with 1700 square feet. There are two units pending, and eight units available (seven 1BRs from $153,000-$849,000) and one two bedroom listed at $850,000. Check out the Web site for floorplans and more. And do contact me if you’d like to schedule a showing.

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