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February 7, 2022

What’s Selling Now: New Construction Condos

Mira condo high rise in South Beach

Condo buyers looking for a new home should check out some of the more than 1200 new construction units currently available.

I’ve rounded up what I think are the most exciting new developments currently selling condos. Please note that inventory and pricing fluctuate regularly, especially in the smaller buildings. If you’re interested in scheduling a tour, don’t hesitate to get in touch. I’m not on the sales teams for any of these developments, but can represent you independently and get the scoop on what’s available at the time you get in touch. I can also get you started with a loan preapproval and walk you through the entire process—looking out for your best interests.

Here are a few of my favorites right now:

Mira (280 Spear)
Neighborhood: South Beach
# Units: 392
Current Inventory: 1BR (#32B) $1,380,000; 2BR/2BA (#21A) $1,890,000; 3BR/3BA (#34F) $4,695,000
Recent Reported Solds: 1BR (#25F) with $30,000 worth of upgrades, Bay Bridge views, private terrace for $1.5M; 2BR/2BA (#19A) for $1,860,000; 3BR/2BA (#7H) for $1,645,000.
Price Per Square Foot: $1,121-$1,600
HOA Dues: $900-$1,475/mo
The Perks: Fitness center, private dining room; rooftop lounge; playground; dog washing station; business center
Buy If: You’re into the twisty, cool design by Studio Gang and want a luxury setting with solid amenities
Developer: Tishman Speyer

Serif (960 Market)
Neighborhood: Mid-market
# Units: 242
Current Inventory: Mix of studios ($500,000-$915,000); 1BRs ($780,000-$1,085,000); 2BRs ($1,240,000-$2,145,000)
Price Per Square Foot: $1,071-$1,705
HOA Dues: $595-$1,057/mo
The Perks: Landscaped rooftop solarium; library; bar; chef’s kitchen; fitness/yoga studio; pet spa/dog run; 24/7 attended lobby
Buy If: You want to be in a transit-friendly corridor near the Financial District and a pioneer in the ever-developing mid-Market district
Developer: L37

The Avery (488 Folsom)
Neighborhood: South Beach
# Units: 118
Current Inventory: 1BRs ($1,750,000-$1,865,000); 2BRs ($2,350,000-$2,3685,000); 3BRs ($3,475,000-$5,100,000); 4BRs ($8,770,000 range)
Price Per Square Foot: $1,966-$2,500
HOA Dues: $1,530-$1,900/mo
The Perks: Grocery store; rooftop terrace; dog park; private meeting space; bike workstation; lounge
Buy If: You want ultra luxury near the waterfront
Developer: Related

The Oak (55 Oak)
Neighborhood: Van Ness Corridor/Hayes Valley/SoMa
# Units: 109
Current Inventory: Studios ($600,000s); 1BR/1BAs ($739,000-$995,000); 1BR/1.5BAs ($1,150,000); 2BRs ($1.4M+)
Price Per Square Foot: $1,266-$1,500
HOA Dues: $704-$822/mo
The Perks: Two towers connected by sky bridges above a zen garden; rooftop terrace on each tower; staffed lobby; lounge; fitness center; bike storage
Buy If: You want luxury finishes in a bustling transit corridor where you can walk/bike downtown, jump on the freeway or head a few blocks north to the heart of Hayes Valley
Developer: Z&L Properties

Crescent (875 California)
Neighborhood: Nob Hill
# Units: 44
Current Inventory: 1BRs ($1,325,000+); 2BRs ($2M+); 3BRs ($4.9M+)
Price Per Square Foot: $1,500-$2,500
HOA Dues: $1,840/mo
The Perks: 24-hr doorperson; garden; library; outdoor living room; fitness center
Buy If: You’d like a unit in a smaller new construction building in a more established neighborhood near Russian/Nob Hill amenities
Developer: Grosvenor Americas

Lofton at Portola (489 Cambridge)
Neighborhood: Portola
# Units: 54
Current Inventory: Approx. 36 two- and three-bedroom townhomes ranging in price from $1.3M-$1.8M (18 units reportedly in contract)
The Perks: McLaren Park is nearby; rec center
Buy If: You want to be in a well-established residential neighborhood near freeways, parks
Developer: Tri Pointe Homes
Bonus: Check out my hard hat tour here.

[Data courtesy of the SF MLS, Polaris Pacific, and individual sales offices. Photos courtesy SFMLS/developer Web sites.]

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